Energy & Mining
BIR removes VAT on electricity system loss charges
The Bureau of Internal Revenue (BIR) has removed value-added tax (VAT) from allowable electricity system loss charges, giving consumers another potential reduction in their power bills as the government moves to ease electricity costs through administrative measures.
Bishops oppose SOCOTECO II-Ignite power deal, seek board suspension
Catholic bishops have joined mounting opposition to the proposed joint venture between South Cotabato II Electric Cooperative (SOCOTECO II) and Ignite Power and Energy Holdings, urging the Ombudsman to suspend cooperative board members facing complaints over the controversial deal.
Alsons Power expands Visayas footprint with Cebu deal
Alsons Power Group is pushing deeper into the Visayas, winning Japanese-affiliated manufacturer Makoto Metal Technology Inc. (MMTI) as a retail electricity customer for its two plants in Cebu.
Philippine Racing Club enters renewable energy sector
Philippine Racing Club Inc. is moving into renewable energy as the listed company diversifies beyond its former horse-racing business and expands its focus on real estate and other investments.
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.
