Energy & Mining
Court clears way for SOCOTECO II plebiscite on IGNITE deal
The Regional Trial Court in Polomolok, South Cotabato, has lifted a temporary restraining order (TRO) blocking the plebiscite on the proposed joint venture between South Cotabato II Electric Cooperative (SOCOTECO II) and IGNITE Power and Energy Holdings Inc., clearing the way for member-consumer-owners (MCOs) to vote on the deal.
Shell, Yanson renew fuel deal for bus operations
Shell Pilipinas Corp. and the Yanson Group of Bus Companies have renewed their fuel supply agreement for the second half of 2026, securing continued fuel and fleet support for bus operations across major routes in the Philippines.
Meralco cuts rates for second consecutive month
Customers of Manila Electric Company (Meralco) are set to benefit from back-to-back rate reductions as the utility announced another decrease of P0.0409 per kWh in the electricity rate this September.
Meralco cuts September power rates as costs shift
Manila Electric Co. (Meralco) said electricity rates will decline for the second straight month, giving households some relief even as higher fuel costs and a weaker peso push up generation expenses.
Nickel Asia completes USD30M Kazakhstan copper acquisition
Nickel Asia Corp. (NAC) has completed its USD30-million acquisition of a 20 percent interest in a Kazakhstan copper operation, expanding beyond nickel and giving the Philippine-listed miner exposure to an existing producing asset.
