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Tuesday, 03 June 2025, 10:15 pm

    Energy

    Shell Pilipinas maintains strategic investment amid profit decline

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    Shell Pilipinas Corp. (SPC) is pressing ahead with a disciplined investment strategy, committing between P2 billion and P3 billion annually in capital expenditures for 2025 and 2026, despite posting a steep 47.1 percent drop in first-quarter net income.

    Axelum taps First Gen for geothermal power in sustainability push

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    Axelum Resources Corp., a leading exporter of premium coconut products, has signed a power supply agreement with First Gen Corp. for up to 5.2 megawatts (MW) of geothermal energy, underscoring Axelum’s shift toward renewable energy (RE) to support its sustainability and operational goals.

    Meralco cuts May rates amid power supply stability

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    Manila Electric Co., the country’s largest power distributor by sales, announced on Tuesday a significant reduction in electricity rates for May, lowering the overall rate to P2.2628 per kiloWatt-hour from P13.0127 in April. 

    Fuel prices drop for second week, offering relief to motorists

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    Motorists will see another round of fuel price rollbacks on Tuesday, marking the second consecutive week of reductions and offering welcome relief at the pumps.

    ERC sanctions power firms over fuel audit non-compliance

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    The Energy Regulatory Commission (ERC) has issued show cause orders (SCOs) against 40 generation companies for failing to comply with mandated fuel audit requirements, citing violations of Section 43 of the Electric Power Industry Reform Act of 2001.
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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.
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    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.
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    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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