SP New Energy Corp., the renewable energy subsidiary of MGen Renewable Energy Inc., has named Anthony Vergel Velasco as its new chief audit executive, strengthening its governance framework as it scales up its clean energy portfolio.
MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC), has successfully concluded a deal with Actis Rubyred (Singapore) Pte. Ltd. for a 40 percent equity stake in Terra Solar Philippines, Inc. (MTerra Solar).
Universal Robina Corporation is aiming for mid-single-digit revenue growth this year despite concerns over global uncertainties, including tensions in the Middle East.
Foreign food and beverage (F&B) investors remain interested in expanding operations in the Philippines despite political uncertainties and global supply concerns, according to Food Industry Asia (FIA).
The Luzon and Visayas power grids remained under red and yellow alerts on Thursday as electricity demand continued to exceed available supply due to power plant outages and extreme heat-driven consumption.