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Stocks sink further as investors stay on sidelines
Stock prices closed lower for a third straight session as investors stayed on the sidelines in search for fresh leads......»»
Semirara income drops 30% to P27.9 billion
Lower prices of coal and power rates dragged the net income of Semirara Mining and Power Corp. by 30 percent to P27.9 billion in 2023 from P39.9 billion in 2022......»»
SariSuki partners with Super8
Agri-Tech startup SariSuki has partnered with Super8 retail grocery to sell locally-procured farm produce, such as vegetables, at a price that is 40 percent lower than prevailing supermarket prices......»»
Power spot market prices lower in 2023
The average cost of electricity traded at the spot market went down in 2023, snapping two straight years of increase, the Energy Regulatory Commission said......»»
Excise tax collection declines to P292 billion
Lower consumption of ‘sin’ products as prices of essential goods increased last year resulted in the drop of excise tax collections by the government, further exacerbated by the still rampant illicit trade......»»
Oil price rollback expected next week
Lower pump prices for petroleum products are expected next week, with the Department of Energy-Oil Industry Management Bureau assistant director Rodela Romero estimating an oil price decrease of around P1 to P1.20 per liter for gasoline, P0.40 to P0.60 per liter for diesel, and P0.45 to P0.65 per liter for kerosene......»»
Philippines forex reserves dip to $103 billion in January
The country’s forex buffer slid slightly to $103.4 billion in January as the government paid its foreign debts and the central bank’s gold holdings took a hit from lower prices in the global market......»»
Laurel pushing for lower food freight costs
The country’s prevailing freight rates on agricultural shipments must be “discounted” to keep food prices nationwide “affordable,” Agriculture Secretary Francisco Tiu Laurel said. Laurel said that he would propose to the Philippine Ports Authority to implement a “discounted” freight rate for agricultural and food products......»»
DA: 30 percent of crops wasted due to poor logistics
Nearly a third or 30 percent of the country’s agricultural produce is wasted because of a poor logistics system, the Department of Agriculture said yesterday, as it cited the need to invest “heavily” in post-harvest facilities to reduce losses and lower commodity prices......»»
Rockwell Land borrows P5 billion from BDO
Lopez-owned property developer Rockwell Land Corp. is beefing up its war chest to support its expansion......»»
Direk Jerry Sineneng debuts first sexy film on Vivamax
“Why not?” replied director Jerry Lopez Sineneng when queried why he chose Vivamax to debut his first sexy-drama film “Rita.” Direk Jerry is known for helming “Soltera,” “Esperanza,” “Basta’t Kasama Kita,” and “Kadenang Ginto.”.....»»
First Gen spots additional RE sites in Nueva Ecija
Lopez-led First Gen Corp. is looking at several areas near its hydroelectric power plant complex in Pantabangan, Nueva Ecija as potential sites for the development of solar and wind farms, as well as a battery energy storage system......»»
1 dead, 2 hurt in truck smashup
A trailer truck driver was killed while two others were injured in a collision with a dump truck along Mel Lopez Boulevard in Tondo, Manila on Friday morning......»»
First Gen income up 4 percent to P15.4 billion in 2023
Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»
Water under the bridge
Last year, Razon-led Prime Infrastructure Capital Inc. and Lopez-owned First Gen Corp. said they were in discussions to develop a gas aggregation framework using the latter’s liquified natural gas (LNG) terminal in Batangas......»»
First Gen to upgrade, expand Casecnan plant
Lopez-led First Gen Corp. is expanding and upgrading the Casecnan hydroelectric power plant after taking over the facility last month......»»
Casecnan hydro plant turned over to First Gen
Lopez-led First Gen Corp., through its subsidiary Fresh River Lakes Corp., is now officially the owner of the Casecnan Hydroelectric Power Plant in Pantabangan, Nueva Ecija......»»
Jasmine at Rayver pinagkaguluhan, tinilian ng mga taga-Baguio
RATED Rni Rommel Gonzales TALAGA namang very special ang selebrasyon ng Panagbenga Festival this year dahil naki-join sa makulay na festivities ang Asawa ng Asawa Ko lead stars na sina Jasmine Curtis-Smith at Rayver Cruz. Kasama pa nila sa paghahatid ng saya sa Baguio City ang kanilang co-stars na sina Martin del Rosario at Liezel Lopez. Ginanap ang Kapuso Fiesta sa Sunshine Park noong Sabado, ….....»»
First Gen seeks bids for LNG supply
Lopez-owned First Gen Corp. is seeking bids for the supply of liquefied natural gas for its existing gas-fired power plants in the First Gen Clean Energy Complex in Batangas......»»
First Gen offers P1 million for climate solutions
Students from 29 universities and colleges from around the country have joined a P1-million competition launched by Lopez-led First Gen Corp. for them to develop the best and most innovative ideas and solutions to cut their schools’ carbon footprint......»»