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ERC determines higher-than-permissible NGCP MAR over four years; likely refund looms

Energy & Mining Context.ph Context.ph -
The Energy Regulatory Commission (ERC) has determined a much lower value in the maximum allowable revenue (MAR) permitted of the National Grid Corporation of the Philippines (NGCP) for the years 2016 through 2020.

Exuberant spirits, beer sales push SMFB 9-month income 4% higher

Corporate Context.ph Context.ph -
San Miguel Food and Beverage Inc. on Wednesday reported brisk beer and spirits sales in the first nine months that boosted income by 4 percent to P27.5 billion from last year’s P26.34 billion.

Philippines farm output down 0.3% In 3Q on lower crop, fish production

Agriculture Context.ph Context.ph -
The value of farm production in the third quarter declined 0.3 percent year-on-year, hurt by lower output of crops and fish, the Philippine Statistics Authority said Wednesday.

Sharp fall in imports narrows balance of trade gap in Sept

Markets Context.ph Context.ph -
The Philippines’ balance of trade in goods showed a narrower deficit of USD3.51 billion in September, with the country importing less during the month...

T-bill rates push higher at auction

Markets Context.ph Context.ph -
Treasury bill yields continued to climb at the auction Monday despite bid rejections, with the market still adjusting to the recent central bank rate...
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Topline expands fuel network, storage capacity

Energy & Mining 0
Topline Group of Companies is positioning for sustained energy demand growth as it expands its fuel retail network, quadruples storage capacity, and builds a more integrated supply platform across the Visayas.

CREC advances 2.3 GW renewable energy pipeline

Energy & Mining 0
Citicore Renewable Energy Corp. is preparing to roll out about 2.3 gigawatts of renewable energy capacity through 2026 and 2027, as it moves to convert a growing project pipeline into operating assets.

7-Eleven Philippines targets 5,000 stores despite bottlenecks

Corporate 0
7-Eleven Philippines is pressing ahead with its expansion toward more than 5,000 stores by year-end, even as permitting delays and power availability threaten to slow the pace of new openings.

Shell Pilipinas demonstrates operational resilience amid first-half inventory and margin pressures 

Corporate 0
Shell Pilipinas Corp. maintained uninterrupted energy supply and robust trade operations across the Philippines through the first half of the year, even as severe global market volatility and inventory holding losses led to a net loss of P1.9 billion.

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