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Philex secures USD100M loan for further Silangan mine devt

Philex Mining Corp. said Tuesday that its wholly-owned subsidiary, Silangan Mindanao Mining Co. Inc, has signed a USD100 million debt facility with a syndicate of banks led by BDO Capital and Investment Corp.

SNAP, NPC sign watershed management agreement

SN Aboitiz Power Group (SNAP) signed a memorandum of agreement (MOA) with the National Power Corp. (NPC) for the adoption of a 1,000-hectare watershed area within a 2.5-kilometer radius from the Ambuklao and Binga reservoirs in Benguet.

ACEN subsidiary in renewable energy pact with Zuellig Pharma

ACEN Corp. retail electricity arm ACEN Renewable Energy Solutions has committed to supply healthcare solutions company Zuellig Pharma 100 percent renewable energy from its distribution facilities in Santa Rosa and Canlubang, Laguna.

Petroleum product prices down three weeks in a row

The various fuel retailers again cut the cost of petroleum products for the week in a series.

SEC chairman receives first public sector award given by Mansmith Innovation

Securities and Exchange Commission chairman Emilio B. Aquino as public sector innovator has been so recognized at the 2023 Mansmith Innovation Awards, in recognition of landmark digital transformation efforts in the country’s corporate regulator.

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BCDA, Japan firm advance Camp John Hay cable car project

The Bases Conversion and Development Authority (BCDA) and Japan’s Zip Infrastructure Co. Ltd. have moved closer to testing a self-driving cable car system in Camp John Hay, signing an agreement that sets the stage for feasibility studies, financing discussions, and a possible joint venture.

DHL Philippines targets fully electric fleet by 2030

DHL Express Philippines plans to make its entire delivery fleet electric by 2030, putting the country ahead of DHL’s global target of at least 60 percent electric vehicles by the end of the decade.

Ivani Diamonds weighs export manufacturing base in Mindanao

Indian luxury jewelry maker Ivani Diamonds is exploring a potential export manufacturing and raw-material processing operation in the Philippines, with Davao and other parts of Mindanao among locations under consideration.

Meralco, BTCI launch talent farm program to train next-generation energy workforce 

The Manila Electric Co. (Meralco) has joined forces with Banahaw Technological College Inc. (BTCI) through a newly signed agreement designed to prepare students for real-world careers in the energy sector through a specialized talent farm program.
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