SP New Energy Corporation said it is moving forward with a corporate rebranding that will see it adopt the name “MGEN Renewables Inc.” and change its stock symbol to MGENR, replacing its current ticker SPNEC.
Alsons Consolidated Resources (ACR) posted strong revenue growth last year, buoyed by rising electricity demand, expanded retail supply operations, and the contribution of a new power plant, even as earnings were weighed down by asset impairments.
Vivant Corp. posted double-digit earnings growth last year on the back of strong power generation and early gains from its expanding water business, even as softer energy volumes and higher costs tempered momentum.
Industry leaders are pressing the government to roll out stronger fiscal incentives and establish dedicated industrial zones to accelerate the Philippines’ shift into value-added nickel processing and close the gap with regional competitors.