Negros Electric and Power Corp. (Negros Power) has secured a 20-megawatt (MW) power supply agreement (PSA) with Aboitiz Power Corp. The deal, signed on November 13, aims to provide Central Negros with a more stable, sustainable, and cost-efficient electricity supply.
Agricultural losses from Typhoons Uwan and Tino have surged past ₱4.14 billion, with assessments still ongoing, according to the Department of Agriculture (DA). Uwan caused the bulk of the damage at ₱3.17 billion, battering over 34,000 farmers and nearly 26,000 hectares of farmland. High-value crops—vegetables, spices, fruits, legumes, root crops, coffee, and cacao—sustained ₱1.52 billion in losses, while rice farms accounted for ₱1.47 billion across multiple regions in Luzon and Eastern Visayas.
ATPI, a global marine travel and logistics company, said the Philippines continues to be one of its most important crew source markets, citing the country’s large pool of highly skilled, English-proficient seafarers.
EvoEnergi, the retail electricity supplier behind the initiative, said the new collective—dubbed EVO Boracay—brings together Discovery World Boracay, Hue Hotels and Resorts, The Lind Boracay, and Ferra Premier with Ferra Hotel & Garden Suites. Together, they represent a combined peak demand of roughly 1,360 kW.
The Civil Aviation Authority of the Philippines (CAAP) said Monday that all airports in Eastern Samar and nearby areas remain open and safe after a magnitude 6.1 earthquake on May 4.
A Brown Company, Inc. has secured an investment-grade credit rating ahead of its planned maiden bond issuance, signaling market confidence as it taps debt markets to fund expansion across real estate and renewable energy.
The Consunji family said its cement company, Concreat Holdings Philippines Inc., is on track to recover from losses and aims to become profitable within three years.