Tag: First Gen

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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.

First Gen eyes closing P50B deal with Prime Infra in 3 Months

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 reports 12% drop in 2024 net income to USD245M

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

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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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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