Alsons to convert Sarangani diesel plant into solar facility
Alsons Consolidated Resources (ACR), through Alsons Power, will transform its 55-megawatt diesel power plant in Alabel, Sarangani into a 98.7-megawatt solar power facility as part of its renewable energy expansion.
Vena Group launched P24B Ilocos solar projects
Vena Group has begun construction on two major renewable energy projects in Ilocos Norte, part of its 15-project pipeline, signaling another milestone in the Philippines’ drive to expand clean energy capacity and attract green investments.
MRSGI 1Q profit nearly doubles on strong food retail sales
Metro Retail Stores Group Inc. (MRSGI), the retail company led by the Gaisano family, reported that its net income nearly doubled in the first quarter of the year to P25.84 million from P13.38 million a year earlier, driven mainly by strong performance in its food retail business.
SteelAsia secures P1.25B loan for green expansion
SteelAsia Manufacturing Corporation has secured a P1.25-billion green loan from Taiwan-based Cathay United Bank, boosting the Philippine steelmaker’s low-carbon expansion plans and reinforcing regional sustainable finance momentum.
Senate starts trial of VP Duterte
Senators on Monday took their oath as judges to begin the impeachment trial of Vice President Sara Duterte, pledging “to do impartial justice according to the Constitution and laws of the Philippines.” Duterte, impeached last week by the House, faces charges including constitutional violations, graft, unexplained wealth, and allegedly plotting to assassinate President Ferdinand Marcos Jr. A Senate summons requires her to respond within 10 calendar days and later appear for the trial. Conviction will need 16 senators’ votes.
