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Sunday, 20 April 2025, 7:08 am

    Energy

    Globe signs renewable energy milestone with First Abacus Financial Center

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    Globe Telecom has achieved a significant step toward its net-zero goals by fully transitioning The Globe Tower Cebu (TGTC) to 100 percent renewable energy.

    Aboitiz unit breaks ground on 40 MW facility in Benguet

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    SN Aboitiz Power Group (SNAP) has broken ground on its first battery energy storage system (BESS) facility in the Cordillera Administrative Region (CAR), marking a significant step in the company's renewable energy (RE) expansion strategy.

    ACEN Corp. signs P75M subscription deal supporting renewable energy projects

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    Listed renewable energy developer ACEN Corp. has entered into a P75 million subscription agreement with subsidiary firm ACEN Technical Services Inc. (ACEN TSI).

    Vivant reports 4% net income expansion in 2024

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    Vivant Corp. has posted a 4 percent increase in net income attributable to equity holders, reaching P2.4 billion in 2024, up from P2.3 billion in 2023.

    Fuel retailers adjust prices higher following three-week decline

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    Petroleum retailers on Monday raised fuel prices across the board, with gasoline increasing by P1.10 per liter and both diesel and kerosene rising by P0.40 per liter.
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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

    Meralco rejects DOE claim vs its delayed power supply deal

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    The Manila Electric Co. (Meralco), the country’s largest power distributor, pushed back against claims by the Department of Energy (DOE) that its delayed power supply agreement (PSA) is contributing to high electricity prices, calling the accusations “false and misleading.”
    Corporate

    Metro Retail’s 2024 profit dips despite sales growth, expansion push

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    Metro Retail Stores Group Inc. (MRSGI), the Gaisano family’s retail arm, reported a slight 1 percent decline in net income to ₱609.42 million in 2024 from ₱618.02 million a year earlier, as rising sales were tempered by tighter margins and strategic shifts in business mix.
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