Thursday, 15 May 2025, 10:07 pm

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    San Miguel unit breaks ground on P34B Pangasinan toll road project

    San Miguel Corp. said Monday that one of its affiliates, SMC Plex Inc., recently broke ground on a P34 billion toll road project in Pangasinan.

    Meralco energizes coffee bean processing facility in Bukidnon

    One Meralco Foundation (OMF), the corporate social responsibility arm of the Manila Electric Company, has energized the post-harvest coffee bean processing facility of coffee farmers in Talakag, Bukidnon.

    Finance chief wants lower GDP growth target, expects BSP rates to stay “higher for longer”

    Finance Secretary Ralph Recto said late Thursday he will recommend a downgrade of the economic growth targets to the interagency Development Budget Coordination Committee, seeking to ease pressure on government finances amid geopolitical concerns and inflationary pressure that would keep interests rates "higher for longer.”

    China-funded Kaliwa Dam now 30 percent complete

    The construction of the Kaliwa Dam in the provinces of Rizal and Quezon is now 30 percent complete, according to the Metropolitan Waterworks and Sewerage System (MWSS).

    Cebu Pacific welcomes first of 12 Airbus A320neo aircraft fueled by SAF

    Cebu Pacific (CEB) on Tuesday boosted its flight operations with the receipt of a second brand-new A330 neo aircraft to its fleet.

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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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