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.
First Gen Corp., the power generation arm of the Lopez Group, said it expects to finalize within two to three months a deal to sell a 60 percent stake in its natural gas business to Prime Infrastructure Capital Inc., owned by billionaire Enrique Razon Jr.
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.
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.
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 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.
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 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.