Tag: First Gen

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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.

First Gen buys into Prime Infrastructure hydropower projects in P75B deal

Corporate Context.ph Context.ph -
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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Meralco launches bidding for 600 MW baseload power supply

Energy & Mining 0
The Manila Electric Company (Meralco) has kicked off the Competitive Selection Process (CSP) to secure 600 megawatts (MW) of baseload capacity, aiming to guarantee sufficient and reliable power supply for its customers. The move follows the Department of Energy’s (DOE) issuance of a Certificate of Conformity after more than a year of review, and forms part of Meralco’s latest DOE-approved Power Supply Procurement Plan.

BDO advances financial empowerment for OFWs amid Migrant Workers’ Day observance

Social Responsibility & Sustainability 0
Leading Philippine financial institution BDO Unibank, together with its digital remittance partner Xoom, has extended support to overseas Filipino workers (OFWs) as the country commemorates Migrant Workers’ Day.

LGUs to receive record ₱1.19T funding

Economy 0
Local government units (LGUs) across the Philippines are set to receive a record P1.19 trillion in National Tax Allotments (NTA) in 2027, marking a P129.32-billion increase from the previous year and significantly boosting fiscal capacity for provinces, cities, municipalities, and barangays.

PhilWeb secures AI push via Gokongwei deal 

Communications & Technology 0
PhilWeb Corp. has secured a P2.02-billion strategic equity investment from businessman Lance Y. Gokongwei, marking a major capital boost that will accelerate its shift toward becoming an artificial intelligence-enabled technology infrastructure provider for the regulated digital entertainment sector.

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