Corporate
NGCP disconnects TPVI Naga power plants from grid
Aboitiz Power Corp. said Wednesday that its wholly-owned subsidiary, Therma Power-Visayas, Inc. (TPVI), received confirmation from the National Grid Corp. of the Philippines (NGCP) regarding the disconnection of its power assets in Naga City, Cebu.
Eplayment launches PIXEL Academy to equip creators with real-world skills
Philippine fintech leader Eplayment is doubling down on its support for the creator economy with the launch of PIXEL Academy, an educational initiative under its content platform PIXEL.
MVP, Salceda say new Meralco franchise to power growth, spur investments
Business tycoon Manuel V. Pangilinan and Bicol Rep. Joey Salceda on Monday said President Ferdinand Marcos Jr. decision to renew the franchise of Manila Electric Co. (Meralco) will drive the country’s future growth, spur investments and create more jobs.
CLI grows 2024 net income by 8%, doubles project pipeline for 2025
Cebu Landmasters Inc. (CLI), a leading regional property developer, reported an 8 percent rise in net income for 2024, reaching ₱3.01 billion from previous year’s ₱2.79 billion, driven by sustained demand across the Visayas and Mindanao.
Phinma Corp. income drops despite revenue growth
Phinma Corp. reported a 37 percent decline in net income to ₱936.87 million in 2023, down from a restated ₱1.5 billion the previous year, primarily due to weaker sales in its property unit and one-off accounting adjustments, the company said on Tuesday.
