Tag: First Gen

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Lopez Holdings profit jumps on power, one-off gains

Corporate Context.ph Context.ph -
Lopez Holdings Corp., the listed investment holding company of the Lopez Group, nearly doubled its earnings in 2025, buoyed by strong core businesses and a pair of strategic deals that delivered a timely boost to the bottom line.

Basic Energy rolls out electric transport ecosystem push

Energy & Mining Context.ph Context.ph -
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

Corporate Context.ph Context.ph -
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

Corporate Context.ph Context.ph -
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 

Corporate Context.ph Context.ph -
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.
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PEZA, Oman target investments across four strategic industries

Trade & Investments 0
The Philippine Economic Zone Authority (PEZA) and Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) have identified four priority industries for deeper investment cooperation, as both countries seek to strengthen trade and position their economic zones as complementary gateways to regional markets.

Davao durian shipped to Oman in new trial export

Agriculture 0
The Department of Agriculture announced Tuesday that 56 boxes of Davao durian, weighing 1.08 metric tons and worth around P183,000 ($3,000), have been sent to Oman. The shipment from Engseng Food Products of Davao City is bound for Jeel Almaaly International in Al Dakhiliyah Governorate.

Petron net income drops 28% on high oil costs

Corporate 0
Petron Corp. reported a 28 percent fall in first-half net income to P3.8 billion from P5.3 billion a year earlier, the company said Tuesday. The decline was mainly due to Middle East tensions pushing crude, import and freight costs higher. Dubai crude averaged $91 a barrel, up 27 percent year-on-year.

Singapore’s USEL eyes Philippine logistics, data center investments

Transport & Logistics 0
Singapore-based Universal Success Enterprises Limited (USEL) is exploring investments in logistics parks and data centers in the Philippines, underscoring growing foreign interest in sectors benefiting from the country's expanding digital economy and infrastructure buildout.

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