Energy & Mining
SM Group to spend $50M exploring new geothermal wells
The SM Investments Corporation (SMIC) group plans to spend more than US$50 million this year to explore geothermal steam in six new sites, as it expands its renewable energy business.
Aboitiz Power’s 2025 profit slips as one-off costs weigh on earnings
Aboitiz Power Corp. reported a slight decline in its core earnings for 2025 as one-off accounting costs tied to a major power project weighed on results, even as electricity sales grew.
Gov’t eyes standby diesel purchase via PNOC amid supply concerns
The Department of Energy (DOE) said the government is considering buying additional diesel fuel through the Philippine National Oil Company (PNOC) to build standby reserves in case of supply disruptions.
Philippines courts South Korea for strategic minerals alliance
A new push from the Chamber of Mines of the Philippines signals Manila’s growing urgency to turn mineral wealth into geopolitical leverage.
Power giant Meralco braces for oil shock
Manila Electric Co. chairman Manuel V. Pangilinan said the country’s largest power distributor is reviewing its fuel mix as tensions in the Middle East threaten to push electricity costs higher.
