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ACEN 2022 earnings propped up by one-off gains, plans P70B capex this year

Corporate Context.ph Context.ph -
ACEN Corp. said Thursday that net income last year reached P13.1 billion, more than double the P5.25 billion the listed energy unit of the Ayala Group reported in 2021 because of revaluation gains as well as court-mandated provisions and a project in Vietnam.

AboitizPower plans P190B clean energy portfolio expansion

Energy & Mining Context.ph Context.ph -
Aboitiz Power Corp. plans to spend P190 billion to push its renewable energy capacity to 4,600 megawatts, or half of its total generation portfolio by 2030.

San Miguel Food income rises 12% in 2022

Corporate Context.ph Context.ph -
San Miguel Food and Beverage Inc. on Wednesday reported profits in 2022 growing 12 percent to P34.7 billion from the previous year’s P31.41 billion despite heightened geopolitical tensions, inflationary pressures and supply chain challenges.

Ban on pork imports now includes Singapore

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) has widened its list of temporarily prohibited pork imports to include pork products from Singapore.

Generation charge deferment helps soften Meralco billings months ahead

Energy & Mining Context.ph Context.ph -
The deferment of collection of generation charges worth P1.1 billion helps soften the cost of adjustment in electricity rates on consumers in the March and April billing period, the Energy Regulatory Commission (ERC) said on Wednesday.
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AI amnesia erodes brand trust as AI takes half of Philippine customer service – study

Communications & Technology 0
New York-listed Twilio reports AI agents now handle 46 percent of Philippine customer service conversations, set to hit 61 percent in 2027, but rising adoption brings a critical challenge: AI amnesia, where systems forget past interactions and force users to repeat themselves.

Meralco expands PWD internships through SHINE partnership

Social Responsibility & Sustainability 0
Manila Electric Co. (Meralco) is expanding its workplace inclusion efforts by partnering with Shine Special Education Center Inc. (SHINE) to give students with disabilities hands-on work experience.

Philippines, EU reach substantial FTA agreement

Trade & Investments 0
The Philippines and the European Union have reached a “substantial agreement” in negotiations for a long-awaited free trade agreement (FTA), putting the deal on track for formal conclusion in the coming months.

ICC clears P2.48-B Philippine Digital National Identity

Economy 0
The Investment Coordination Committee-Cabinet Committee (ICC-CC) has cleared a P2.48-billion project to upgrade the Philippines’ National ID System, moving the proposed digital infrastructure partnership toward procurement later this year.
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