Tag: Prime Infra

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PCC green lights Prime Infra, First Gen deal

Energy & Mining Context.ph Context.ph -
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...

Razon’s Prime Infra finalizes deal to buy 60% of First Gen gas units

Energy & Mining Context.ph Context.ph -
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.

Prime Infra commits to 2GW PSH completion under GEA3

Energy & Mining Context.ph Context.ph -
Prime Infrastructure Capital Corp. (Prime Infra) affirmed the assured completion of its 2,000 MW pumped storage hydro (PSH) projects awarded under the Department of Energy’s (DOE) third Green Energy Auction (GEA3), representing nearly one-third of the 6,680.887 MW capacity offered.

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

Energy & Mining Context.ph Context.ph -
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.

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PAL partners with Rolls-Royce for new A350 engines and maintenance support

Transport & Logistics 0
Philippine Airlines (PAL) has entered into a deal with Rolls-Royce to supply 18 units of Trent XWB-97 engines for nine additional Airbus A350-1000 aircraft, with provisions to cover up to five more planes should PAL exercise its existing purchase rights. Alongside the engine supply agreement, the two parties also signed a separate deal for Rolls-Royce’s TotalCare service, which will manage the full health monitoring and maintenance requirements of the expanded fleet.

GSIS boosts Megawide stake with share purchase

Corporate 0
The Government Service Insurance System (GSIS) has emerged as one of Megawide Construction Corp.'s biggest local institutional investors after raising its stake to 9.5 percent, a move that signals growing confidence in the engineering firm's infrastructure pipeline and long-term growth prospects.

Philippine building permits fall for second straight month

Economy 0
Construction activity lost momentum in May as fewer projects secured permits, signaling a softer pipeline for the property and infrastructure sector despite resilient spending on residential developments.

BIR, tech alliance tighten tax rules for online sellers

Communications & Technology 0
The Bureau of Internal Revenue (BIR) is deepening its partnership with the Alliance of Tech Innovators for the Nation (ATIN) to boost tax compliance among online sellers, combining taxpayer education with tougher enforcement as the country's digital economy continues to expand.

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