Energy & Mining
Philippines courts Brazilian investments in food, energy
The Philippines is seeking Brazilian investments in food processing, ethanol and clean energy, as government and business leaders pursue partnerships to boost domestic production, create jobs and strengthen food and energy security.
Prime Infra banks on Malampaya, pumped storage to secure energy supply
Prime Infrastructure Capital Inc. is banking on expanded Malampaya gas production and large-scale pumped storage hydropower projects to strengthen Philippine energy security, reduce exposure to volatile fuel prices and accommodate a growing share of renewable power.
Meralco raises November rates by P0.49 per kWh
A weaker peso, more expensive imported natural gas, and rising electricity demand pushed up Meralco’s power procurement costs, prompting a P0.4895 per kilowatt-hour (kWh) increase in electricity rates for November.
Global Ferronickel earnings jump 51% on higher nickel prices, shipments
Higher nickel ore prices, increased shipments and a weaker peso lifted Global Ferronickel Holdings Inc. (FNI)’s consolidated net income by 50.9 percent to P2.29 billion in the first nine months of 2026.
Citicore Renewable net income more than doubles to P2.15B in 9 months
Citicore Renewable Energy Corp. (CREC) posted a 122-percent jump in consolidated net income to P2.15 billion for the first nine months of the year, rising from P966 million recorded in the same period last year, the company announced Thursday.
