Monday, 09 June 2025, 2:46 pm

    Tag: main

    Browse our exclusive articles!

    Strict cost recovery limits financially painful for clean energy providers

    First Gen Corp. on Wednesday urged regulators to act promptly on the cost recovery mechanism of power companies using imported liquefied natural gas (LNG), saying the dilly dallying is causing financial pain and sends signals that only discourages the entry of more investors.

    MVP wants “greater say” in Maya business direction going forward

    A recent deal that valued Globe Fintech Innovations Inc., better known as Mynt and the parent company of GCash, at USD5 billion has left PLDT and Smart chairman and CEO Manuel V. Pangilinan thinking out loud about the performance of Maya Innovations Holdings—the group’s unit directly competing with GCash.

    Meralco electricity rates to increase by P0.0327/kWh in August

    Manila Electric Co., the listed power distributor whose service area generates half of the country's economic output, said Monday power rates in August will rise by P0.0327 per kiloWatt-hour, lifting overall rate for a typical household to P11.6339 a kWh.

    MGen abandons bid to acquire CBK, claims GEAP complicates pricing the property

    Manila Electric Co. subsidiary Meralco PowerGen Corp. (MGen), initially interested, has dropped its bid to acquire the Caliraya–Botocan–Kalayaan (CBK) hydroelectric power plant complex in Laguna that the Power Sector Assets and Liabilities Management Corporation (PSALM) aims to sell through public bidding.

    DA sets up livestock checkpoints to prevent diseased hogs transport, stop rapid ASF spread

     The Department of Agriculture will set up several livestock checkpoints across Luzon in response to the rapid spread of African Swine Fever in Batangas suspected to have been exacerbated by unscrupulous hog traders selling diseased pigs.

    Popular

    New alliance brings automated accounting to Security Bank clients

    Security Bank has entered a strategic partnership with Juan Accounting Software, the country's only fully localized accounting and tax compliance platform, to provide enhanced financial tools to micro, small, and medium enterprises (MSMEs). The collaboration is designed to accelerate financial digitization among small businesses and boost operational efficiency.

    PH faces trade headwinds as Japan’s economy contracts

    Japan, the Philippines' third-largest trading partner, saw its economy contract by 0.2 percent year-on-year in the first quarter of 2025, according to revised government data released recently. While the updated figure marks an improvement from the earlier 0.7 percent decline estimate, it highlights a reversal from the 2.2 percent growth logged in 4Q 2024 and marks the first annual contraction in a year.

    HTI expands land bank with Antipolo acquisition

    HTI expands land bank with Antipolo acquisition Corporate Listed firm Haus Talk Inc. (HTI) has finalized the acquisition of the former National Steel property in Antipolo, Rizal, marking a major strategic expansion of its land portfolio. The deal reinforced its presence in the affordable housing segment and advanced its vision as a leading provider of “value for money” residential developments in the country. The newly acquired site will serve as the location of HTI’s next flagship residential and commercial project, slated to begin in the fourth quarter this year. The development is projected to deliver around 1,500 housing units and generate estimated revenues of ₱4.9 billion, making it one of the company's most significant investments to date. Benchmarking the design against its successful The Granary community in Biñan, Laguna, HTI plans to integrate residential units with commercial spaces, aligning with its mixed-use development strategy. “This acquisition underscores Haus Talk Inc.'s aggressive strategy to bolster our land bank and solidify our position as a dominant force in the affordable housing sector,” said Ma. Rachel D. Madlambayan, HTI president & CEO. Located in Antipolo, the project capitalizes on the area’s blend of urban accessibility and provincial charm—features increasingly in demand among homebuyers. The transaction is seen as a milestone in HTI’s growth strategy, further consolidating its market position amid rising demand for affordable housing and enhancing shareholder value through long-term revenue generation. HTI’s move also reaffirms its commitment to addressing the Philippines’ housing backlog through scalable, high-impact developments in prime areas.

    Emperador doubles down on whisky expansion

    Emperador Inc., a major player in the global whisky market and controlled by tycoon Andrew Tan, is investing P4 billion this year, with the lion’s share earmarked for bolstering its whisky portfolio — a strategic move aligned with rising demand worldwide for premium spirits.

    Subscribe

    spot_imgspot_img