Tag: First Gen

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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. 

PCC green lights Prime Infra, First Gen deal

The Philippine Competition Commission (PCC) has cleared the planned energy deal with First Gen Corp., giving the power firms the regulatory go-ahead to form...

First Gen posts flat earnings amid challenges

First Gen Corporation, the Lopez Group’s clean and renewable energy firm, said recurring attributable net income for the first half was flat at USD151 million (P8.6 billion) from from USD150 million (P8.4 billion) in the same period last year.

Fresh River Lakes secures ₱15-B loan facility

Fresh River Lakes Corp. (FRLC), a wholly owned subsidiary of First Gen Corp., has secured a total of P15 billion in loan facilities from three major Philippine banks—BDO Unibank Inc. (BDO), Bank of the Philippine Islands (BPI), and Rizal Commercial Banking Corp. (RCBC). 

Razon’s Prime Infra finalizes deal to buy 60% of First Gen gas units

First Gen Corp., the listed power generation arm of the Lopez Group, has finalized a deal to sell a 60 percent stake in its Batangas-based natural gas businesses to Prime Infrastructure Capital Inc., owned by tycoon Enrique Razon.

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Century Properties expands in Cavite with P5.6-B project 

Century Properties Group (CPG) is putting P5.6 billion into a premium housing project in General Trias, Cavite, as it expands beyond Metro Manila to capture rising residential demand around Southern Luzon’s growing industrial and employment centers.

BOP narrows as stronger inflows boost economic activity

The nation's overall balance of payments, or what is left after its foreign exchange expenses are deducted from its earnings, recorded a smaller deficit in the first half of 2026, driven by a surge of cross-border financial activity that helped absorb a widening trade gap. Bangko Sentral ng Pilipinas (BSP) covering January to June reveals the external balance logged a $3.9 billion deficit—representing 1.6 percent of gross domestic product—marking a noticeable improvement from the $5.6 billion shortfall, or 2.4 percent of GDP, recorded during the same period last year.

Ten Filipinos named National Artists for 2025

The Philippines has added 10 influential names to one of its highest cultural honors, recognizing artists whose work has helped shape how Filipinos build their cities, move their bodies, tell stories, preserve traditions, and see themselves as a nation.

Gilas finds its range, crushes Kazakhstan

Gilas Pilipinas kept its Asian Games basketball title defense alive with a 31-point rout of Kazakhstan, 109-78, Saturday night, moving to 1-1 in Group C and boosting its quarterfinal chances with a much-needed shooting display.

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