Shares of companies linked to billionaire Enrique K. Razon Jr. were among the most actively traded on the Philippine Stock Exchange on Monday after Malacañang announced a major new natural gas discovery at the Malampaya East-1 well.
Motorists will face another sharp rise in fuel prices starting Tuesday morning, with increases of P1 per liter for gasoline, P2 for diesel, and P1.50 for kerosene.
ACEN is expanding its renewable energy footprint in Northern Luzon with San Manuel Solar, its first solar power project in Pangasinan, reinforcing the company’s push to support the Philippines’ transition to a low-carbon energy system.
A US-based clean energy company is weighing a major hydrogen-powered investment inside the Aurora Pacific Economic Zone and Freeport (APECO), highlighting growing investor confidence in clean technologies and Aurora’s long-term energy prospects.
President Ferdinand Marcos Jr. announced the country’s first major natural gas discovery in more than a decade, a find that could extend Malampaya’s life and steady electricity supply.