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Six bidders vie for 1,800 MW Meralco requires by December next year

Six power generation companies want a piece of the 1,800 megawatts of electricity that the Manila Electric Co. (Meralco) is sourcing under an ongoing competitive selection process or CSP.

Diesel price eases by P3 per liter as gasoline, kerosene move lower

The cost of petroleum products are set to drop a second time this week beginning past midnight Tuesday.

Manila Water posts 61 percent income expansion

Manila Water Co. Inc. booked a 61 percent jump in net income in the first nine months totaling P7.26 billion versus only P4.52 billion in the same period in 2022.

First Gen taps local banks for P20B loan

First Gen Corp. has obtained term loans from BDO Unibank Inc. and Bank of the Philippine Islands for an aggregate P20 billion.

Phinma income rises 5% in 9 months

PHINMA Corp. on Monday reported income over nine months this year rising 5 percent to P1.34 billion from last year’s P1.26 billion.

Just in

Meralco strengthens earthquake readiness via full-scale drills

When the ground shakes, readiness cannot remain on paper. For Manila Electric Co. (Meralco), preparedness means putting plans, people, technology, and partnerships through their paces—before a real emergency does.

Philippines export streak hits 35-year high momentum

The Philippines’ export boom is showing signs of staying power, with merchandise shipments climbing 27.8 percent in August to USD9.11 billion—the highest monthly level in 35 years, the Department of Trade and Industry said.

SMPC rightsizes workforce; seawater inflows curb Acacia mine operations

Semirara Mining and Power Corporation (SMPC) is adjusting its workforce as persistent and rising seawater ingress restricts activity at its Acacia mine, with flows now overwhelming existing pumping capacity.

Blu Girls’ Asian Games medal wait continues

The Philippine Blu Girls will have to wait a little longer for their first Asian Games softball medal after Chinese Taipei turned Saturday's bronze-medal match into a three-inning rout.
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