COC delays stall Meralco’s 800-MW supply auctions
The Manila Electric Co. (Meralco) is waiting for the Department of Energy (DOE) to issue certificates of conformity (COCs) for two planned competitive selection processes (CSPs) totaling 800 megawatts (MW) of electricity, a key step required before the bidding can proceed.
FPIP tops off first commercial hub in Batangas
First Philippine Industrial Park (FPIP), a key PEZA-registered economic zone in Batangas, marked a significant step into commercial property development with the topping off of its upcoming FPIP Plaza, a 15,000-square meter commercial hub set to rise at the main entrance of the park.
Third microgrid bid round set with new rules to attract investors
The Department of Energy (DOE) announced it will launch the third round of the competitive selection process (CSP) for microgrid system providers (MGSPs) at the end of the month, targeting 71 lots across 167 unserved and underserved areas in the Philippines.
Vista Land grows 1Q profit 5% on steady real estate sales
Vista Land & Lifescapes Inc., the property development arm of the Villar Group, reported a 5 percent increase in first-quarter net income to ₱3.39 billion, up from ₱3.22 billion a year earlier, reflecting stable financial performance and continued market demand across its real estate segments.
Storm belt inflicts P12M damage on rice, corn, livestock
The Department of Agriculture (DA) reported that damage to the agriculture sector from the Intertropical Convergence Zone (ITCZ) has surged to P12.25 million, significantly rising from P1.18 million on May 22.
