Energy & Mining
CREC profit rises 14% on refinancing gains
Citicore Renewable Energy Corporation (CREC) posted a 14 percent increase in net income to P1.15 billion in 2025, driven by lower financing costs, rising service revenues, and steady electricity sales, highlighting improved profitability as the company expands its renewable portfolio.
BIR fast-tracks PNOC fuel imports amid crisis
The Bureau of Internal Revenue (BIR) has expedited the emergency importation of petroleum products by PNOC Exploration Corporation (PNOC-EC), issuing a special permit through its Large Taxpayers Service (LTS) to accelerate the transaction under a declared energy emergency.
Fuel prices surge again; diesel jumps over P12, gas hikes continue
Fuel prices will increase again on Tuesday, March 31, as global oil costs remain high under the ongoing conflict in the Middle East.
OGP says Didipio mine life extended to 2037
OceanaGold (Philippines) Inc. (OGP) said its updated technical reports show that the Didipio gold and copper mine will operate until 2037.
Petron faces crude gap despite Russian supply
Petron Corp., the oil company of San Miguel Corp., is grappling with a crude supply deficit despite emergency imports from Russia, highlighting the fragility of the Philippines’ fuel security amid escalating geopolitical tensions in the Middle East.
