Energy & Mining

Shell Pilipinas Corp. booked P108 million in core earnings for the first quarter as surging oil prices, peso weakness, and intensifying geopolitical tensions disrupted energy markets and squeezed margins toward the end of the period.

The Philippines is stepping into the global spotlight as a key player in critical minerals, drawing international attention for its pivotal role in securing resilient nickel supply chains. Rising demand from clean energy and technology industries has amplified the nation’s strategic importance.

The Visayas grid was placed under yellow alert from 5 p.m. to 8 p.m. on Tuesday due to low power reserves caused by several plant outages.

Malacañang on Monday signaled that the proposed UPLIFT Bill is being considered a key economic relief measure under President Ferdinand Marcos Jr.’s administration, aiming to bolster social protection programs amid rising fuel prices and global uncertainties.

MORE Electric and Power Corporation (MORE Power) has unveiled Iloilo City’s first fully unmanned 30MVA substation, marking a major leap toward a digitized “smart” grid.