Friday, 16 May 2025, 4:18 am

    Tag: Editors' Picks

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    Clark Water bares 15-year service improvement plan costing P5.5 billion

    Clark Water, one of 20 domestic subsidiaries housed under Manila Water Philippine Ventures, itself a subsidiary of the Manila Water Co. Inc., has budgeted P5.56 billion as service improvement projects over the next 15 years or until  2040.

    Ayala bets big on electric vehicles

    Ayala Corporation, noting that up to 20 percent of all vehicles sold by 2030 will be electric, has made big bets on the EV space. 

    Quezon Power eyes P71B natural gas-fired plant in Quezon

    Quezon Power Philippines Ltd. Co. (QPL), subsidiary of the EGCO Group of Thailand, plans building a 1,200 megawatt natural gas-fired power plant in Mauban, Quezon Province.

    DA lines up support for seaweed industry to regain top world spot

    The Department of Agriculture underscored the need to increase support for local seaweed producers to boost the potential of the second biggest export earner in Philippine aquaculture, next only to the tuna industry.

    Aboitiz’s big bet on data science bears fruit 

    In 2019, the Aboitiz Group donated US$10 million to the Asian Institute of Management (AIM) to establish the Aboitiz School of Innovation, Technology, and...

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    Higher electricity sales power 8% profit rise for CREC

    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

    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.

    MSpectrum, Landers expand solar partnership with Cebu, QC Projects

    MSpectrum Inc., the renewable energy arm of Manila Electric Co. (Meralco), is deepening its collaboration with Southeast Asia Retail Inc., the operator of Landers Superstore, with the rollout of two new solar rooftop installations in Cebu and Quezon City.

    FNI Q1 profit soars on higher shipments, nickel prices

    Global Ferronickel Holdings Inc. (FNI), one of the country’s leading nickel producers, posted a 1,567 percent surge in net income for the first quarter of 2025 totaling P177.3 million, from just P10.63 million a year earlier, as higher shipment volumes and stronger nickel prices buoyed performance.

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