Energy & Mining
Top Line fuels expansion with preferred shares sale
Cebu-based fuel distributor and retailer Top Line Business Development Corp. is tapping the capital markets anew, securing regulatory approval for a preferred shares offering of up to P1.5 billion as it accelerates plans to expand fuel infrastructure and strengthen its position in the Visayas energy market.
SteelAsia speeds up expansion, targets $2B import gap
SteelAsia Manufacturing Corp. is accelerating its expansion program as it pushes to replace imported steel with locally produced alternatives, a strategy that could reduce the Philippines' trade deficit by as much as USSD2 billion once its new facilities are fully operational.
DOE, Ayala Land launch weekly energy-saving drive
The Department of Energy (DOE) and Ayala Land, Inc. have launched a nationwide campaign encouraging Filipinos to cut electricity consumption for one hour each week, as the government intensifies efforts to promote energy efficiency and strengthen energy security.
EDC seeks nod for upgrade of P25-B Negros geothermal facility
The Department of Environment and Natural Resources (DENR) will hold a public hearing on June 24, 2026 for Energy Development Corporation’s proposed P25-billion expansion and upgrade of the Southern Negros Geothermal Project steam field in Valencia, Negros Oriental.
DOE transfers power sector function to BARMM-MENRE under new transition deal
The Department of Energy (DOE) and the BARMM’s Ministry of Environment, Natural Resources and Energy (MENRE) have signed two key agreements: a Transition Agreement (TA) on power and electrification, and a Memorandum of Cooperation (MOC) on energy efficiency.
