ABS-CBN restructures capital, expands board
ABS-CBN Corp. is seeking shareholder approval for a P4.5-billion capital increase and a two-seat board expansion, reshaping its corporate structure as two new directors are nominated to join the company’s governing body.
Shell Energy PH secures additional 120 MWp solar power deal in Leyte
Shell Energy Philippines Inc. (SEPH) has entered a second 15-year power supply agreement with Greenlight Renewables Holdings Inc. via its unit San Isidro Solar Power Corp., securing an additional 120 megawatts peak (MWp) from the second phase of the San Isidro solar power project in Leyte. Announced Tuesday, the new deal follows an earlier 15-year agreement for the project’s first phase, bringing the total solar capacity SEPH will source from Greenlight Renewables to 240 MWp.
DOE, DOT team up to advance energy efficiency in tourism sector
The Department of Energy (DOE) and the Department of Tourism (DOT) are expanding their joint effort to assess energy use and deliver support to hotels, resorts, and other tourism establishments.
DOT seeks P1.73B boost to close ASEAN tourism gap
The Department of Tourism (DOT) is seeking an additional P1.73 billion for 2027 to strengthen the Philippines’ tourism infrastructure, destinations, and promotion as it tries to close an investment gap with more aggressive Southeast Asian competitors.
CLI expands Bohol footprint with third residential site
Cebu Landmasters Inc. (CLI) is expanding its Bohol footprint with a 5.6-hectare residential project in Tagbilaran City, adding a third site as the Visayas-Mindanao developer taps rising housing demand in one of the region’s fastest-growing markets.
