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Tuesday, 03 June 2025, 10:11 pm

    Energy

    First Gen takes control of Pi Energy for ₱1B

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    First Gen Corp., a major power producer under the Lopez-led First Philippine Holdings (FPH) group, has acquired full ownership of Pi Energy Inc. for ₱1.006 billion.

    Fuel prices climb sharply amid global oil market optimism

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    The various fuel retailers are set to implement significant price increases on Tuesday, with gasoline and kerosene rising by ₱1.20 per liter, and diesel surging by ₱1.70 per liter, marking a notable reversal after two weeks of rollbacks.

    Electricity sales rise lifts Repower 1Q earnings 

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    Repower Energy Development Corp. (REDC), a run-of-river hydropower developer, posted a 32 percent year-on-year increase in net income to P92.5 million in the first quarter, driven by higher energy sales.

    Higher electricity sales power 8% profit rise for CREC

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    Citicore Renewable Energy Corp. (CREC) reported an 8 percent increase in net income for the first quarter of 2025, rising to ₱230 million from ₱213 million last year, buoyed by a sharp uptick in electricity sales.

    DOE urges fair insurance premium for transitioning coal plants

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    The Department of Energy (DOE) is calling on insurance providers to offer more reasonable premium rates for coal-fired power plants, warning that disproportionate insurance costs threaten the operational stability of power sources crucial to the national energy mix.
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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Energy

    First Gen eyes closing P50B deal with Prime Infra in 3 Months

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    First Gen Corp., the power generation arm of the Lopez Group, said it expects to finalize within two to three months a deal to sell a 60 percent stake in its natural gas business to Prime Infrastructure Capital Inc., owned by billionaire Enrique Razon Jr.
    Corporate Bulletins

    BPI Foundation advances financial literacy in Bacolod schools

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    The Bank of the Philippine Islands (BPI), through its social development arm BPI Foundation (BPIF), has launched a financial literacy training session in Bacolod City under its FinEd Unboxed program. The session, held at St. Joseph High School, benefited 721 students by equipping them with essential skills in budgeting, saving, and investing.
    Corporate

    Villar Land posts ₱999B profit, eyes further asset gains

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    Villar Land Holdings Corp., formerly Golden MV Holdings Inc. on Tuesday announced remaining bullish on property asset appreciation despite reporting net income of ₱999.72 billion in 2024, marking a dramatic rise from ₱1.46 billion in 2023.
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