Energy
PERC 2024 income surges 89% after accounting adjustment, RE sales growth
PetroEnergy Resources Corp. (PERC) reported an 89 percent increase in consolidated net income to ₱882 million for 2024, mainly driven by a restatement of its 2023 earnings to align with accounting standards.
Fuel prices climb over ₱1/L as global tensions mount
Motorists will feel a noticeable pinch at the pump starting Tuesday, as petroleum product prices surge by more than ₱1 per liter across the board — a sharp reversal following last week's record price drops.
Petron announces passing of director Horacio Ramos
Petron Corp., the oil subsidiary of San Miguel Corp., announced Monday that its director, Horacio Ramos—former Secretary of the Department of Environment and Natural Resources (DENR)—has passed away.
Alternergy secures bulk of funding for Alabat wind farm
Renewable energy pioneer Alternergy Holdings Corp., through its subsidiary Alabat Wind Power Corp., has received ₱3.26 billion in funding from Rizal Commercial Banking Corp. (RCBC) for its flagship 64-megaWatt (MW) wind farm in Quezon province.
Meralco 1Q sales edge higher on residential, commercial demand
Manila Electric Co. (Meralco) reported a 1.5 percent year-on-year growth in power sales for the first quarter of 2025, reaching 12,493 gigawatt hours (GWh), up from 12,307 GWh in the same period last year.
