Basic Energy Corp. has launched an electric mobility initiative aimed at easing the public transport sector’s long-running exposure to volatile fuel prices, signaling a broader shift toward integrated, low-carbon transport solutions.
The majority bloc of Lopez, Inc., led by Eugenio Lopez III, has called for an audit of the privately-held family holding firm’s books, escalating tensions over recent high-value transactions involving key energy assets.
A long-simmering family dispute at Lopez Inc. has erupted into a full-blown governance battle, after shareholders aligned with Eugenio Gabriel “Gabby” Lopez III voted to remove Federico “Piki” Lopez as president and chief executive officer of the privately-held investment holding company, citing a breakdown in trust tied to undisclosed multibillion-peso transactions.
First Gen Corp. posted an 8 percent increase in attributable recurring net income for 2025 to USD264 million (P15.2 billion), driven by stronger hydro output and higher electricity sales, as the company accelerates its shift toward renewable energy.
First Gen Corp., controlled by the Lopez family, is acquiring a 40 percent equity stake in pumped storage hydropower portfolio Prime Infrastructure Capital Inc., part of billionaire Enrique Razon Jr.’s infrastructure venture, for P75 billion.
The Bureau of Internal Revenue (BIR) is beginning to show early results from its five-pillar reform program, Commissioner Charlito Martin Mendoza told members of the European Chamber of Commerce of the Philippines (ECCP) during a high-level dialogue held with Deloitte Philippines at Dusit Thani Manila.
The Department of Transportation (DOTr) announced that free parking will be available for passengers of the LRT-2 at Santolan Station beginning April 27, 2026.
A Filipino-Australian soldier taking part in Exercise Balikatan 2026 in Palawan shared his pride in returning to the Philippines while serving with the Australian Defence Force.
Commuters using the LRT-1 can now enjoy a cooler waiting area, as Light Rail Manila Corporation (LRMC) has opened a new air-conditioned passenger lounge at the Baclaran Station (northbound).