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Repower Energy reports 33% revenue growth, doubles net income in nine months

Local renewable energy developer Repower Energy Development Corp. (REDC) reported a strong financial performance for the first nine months of the year, posting a 33 percent increase in revenues to ₱526.7 million from ₱396.6 million in the same period last year.

Marcos names Charlito Mendoza as new BIR chief

President Ferdinand R. Marcos Jr. has appointed Finance Undersecretary Charlito Martin Mendoza as the new commissioner of the Bureau of Internal Revenue (BIR), replacing Romeo Lumagui Jr., who led the agency for three years.

DMCI Power plans to double coal plant capacity in Palawan

DMCI Power Corp. is planning to expand its coal-biomass power plant in Narra, Palawan, doubling its current 15-megawatt (MW) capacity by adding 15 MW.

FMR construction costs seen dropping 20% under DA auspices

Agriculture Secretary Francisco Tiu Laurel Jr. said the Department of Agriculture (DA) expects to cut construction costs by up to 20 percent when it assumes responsibility for building farm-to-market roads (FMRs) from the Department of Public Works and Highways (DPWH) starting next year.

Cebu Pacific launches Piso Sale for 2026 travel

Cebu Pacific (CEB) has launched its popular Piso Sale, giving travelers a chance to book flights for as low as ₱1 one-way base fare (excluding fees and surcharges) until November 15.

Just in

ADB: Philippines stays course despot inflation surge

Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday. 

Alsons Power highlights need for timely outage reporting

Alsons Power Group emphasized the importance of promptly reporting power outages to maintain stable and reliable operations.

DigiPlus profit in Q1 falls as access rules bite

DigiPlus Interactive Corp., operator of BingoPlus, ArenaPlus, and GameZone, posted a net income of P2.8 billion in the first quarter of 2026, down 33 percent year-on-year as regulatory changes and softer consumer spending weighed on platform activity.

DICT targets up to 80% cut in broadband costs by 2028

The Department of Information and Communications Technology (DICT) plans to cut broadband costs in the country by 40 to 80 percent by 2028 under its National Digital Connectivity Plan.
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