Tag: First Gen

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First Gen reports 12% drop in 2024 net income to USD245M

Corporate Context.ph Context.ph -
First Gen Corporation, the Lopez Group’s clean and renewable energy provider, reported a 12 percent decline in attributable recurring net income for 2024, amounting to USD245 million (P14.0 billion), compared to USD277 million (P15.4 billion) in 2023. 

Monthly public ownership reports required of dozen PSE-listed firms

Corporate Context.ph Context.ph -
A little over a dozen companies listed on the Philippine Stock Exchange (PSE), including those owned by prominent families, are now required to submit monthly public ownership reports (POR)—an early-warning system established by the bourse to monitor firms teetering close to the minimum ownership threshold.
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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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