Tag: First Gen

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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. 

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). 

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Metrobank closes select Metro Manila branches for ASEAN Summit special non‑working days

Several Metrobank branches across Metro Manila will be closed November 16‑18, 2026, in line with Malacañang’s declaration of special non‑working days for the 49th ASEAN Summit, the bank announced.

San Miguel keeps core income steady in nine month results amid economic pressures

San Miguel Corporation (SMC) maintained flat year‑on‑year core income for the first nine months of 2026 despite rising interest and input costs, showing the resilience of the Philippine conglomerate’s diversified portfolio.

Mendoza takes helm at BOC

Former Bureau of Internal Revenue chief Charlito Martin R. Mendoza took over the Bureau of Customs on Friday, pledging to strengthen border protection and revenue collection while easing the movement of legitimate trade.

AC Health expands Valenzuela partnership to early childhood care

AC Health is extending its healthcare partnership with Valenzuela City beyond hospitals and dialysis services to address a critical but often overlooked part of public health: identifying developmental difficulties in children early enough to make a difference.

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