Tag: First Gen

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Basic Energy rolls out electric transport ecosystem push

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.

Lopez Inc majority seeks audit amid investment questions

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.

Lopez rift deepens over First Gen deal with Prime Infra

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 profit rises after strategic energy pivot 

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 buys into Prime Infrastructure hydropower projects in P75B deal

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. 

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Filipino-Australian soldier proud to Serve in PH during Balikatan 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.

Air-conditioned lounge opens at LRT-1 Baclaran Station

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).

Aboitiz unit starts upgrades at Bohol-Panglao Airport

Aboitiz InfraCapital, Inc. (AIC) has begun initial reconfiguration works at Bohol-Panglao International Airport (BPIA) as part of a phased plan to improve operations and passenger experience.

BDO earnings rise to P20.1B despite higher provisions

BDO Unibank, Inc. on Friday reported a net income of ₱20.1 billion in the first quarter of 2026, up 2 percent from ₱19.7 billion a year earlier, driven by steady performance across its core businesses.

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