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Phoenix’s Uy confirms talks with CNOOC to enter LNG business

By Victor V. Saulon, Sub-Editor PHOENIX Petroleum Philippines, Inc. is in preliminary discussions with a Chinese oil major to enter the liquefied natural gas (LNG)...

DICT sees up to P30 billion for national broadband program

By Victor V. Saulon, Sub-Editor THE Department of Information and Communications Technology (DICT) is looking at a budget of up to P30 billion for the...

Holcim hoping to ride construction boom, control costs

HOLCIM Philippines, Inc. has outlined its priorities this year, including plans to seize opportunities brought about by an ongoing construction boom, its new head...

PHL leads Asia Pacific on gender equality in work

By Victor V. Saulon Sub-Editor AN EQUAL CHANCE for Filipino women in the workplace and in society could translate into a 7% increase in the country’s...

Phinma Petroleum withdraws from Leyte exploration project

PHINMA Petroleum and Geothermal, Inc. (PPG) has withdrawn from a service contract that sought to explore the possibility of geothermal energy in Leyte, the...

Gatchalian says PHL lacks legal framework for nuclear power

THE PHILIPPINES lacks the legal framework for the inclusion of nuclear power into its energy mix, a senator said on Thursday, adding that comprehensive...

SMC angles for role in First Gen’s LNG terminal

SAN Miguel Corp. (SMC) said it is open to any form of tie-up with First Gen Corp. for the latter’s planned $1-billion liquefied natural...

MPIC unit awarded Dumaguete water district concession deal

A UNIT of Metro Pacific Investment Corp. (MPIC) has received the notice of award to operate a water district in Dumaguete City under a...

DMCI raises capex to over P40B this year

By Victor V. Saulon, Sub-Editor DMCI Holdings, Inc. is setting aside P40.7 billion in capital expenditures this year, the bulk of which will go into...

Petron allots P15B for network expansion, refinery upgrade

PETRON CORP. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said...

Pilipinas Shell earnings decline by 20% in Q1

PILIPINAS Shell Petroleum Corp. reported on Tuesday a first-quarter net income of P2.32 billion, lower by 20% compared with the P2.89 billion recorded in...

DMCI sets P40.7-billion capex for 2018

DMCI Holdings, Inc. is setting aside P40.7 billion in capital expenditure this year, the bulk of which will go into its property and integrated...

Lopez-led EDC urges gov’t to help develop PHL geothermal industry

THE GOVERNMENT can support the growth of the country’s geothermal industry by helping with the upfront risk that goes with the development of the...

Higher coal prices seen to lift SMPC profit this year

By Victor V. Saulon, Sub-Editor SEMIRARA MINING and Power Corp. (SMPC) expects its full-year 2018 net income to remain positive, with coal sales offsetting the...

Gas, diesel prices up by more than P1

OIL COMPANIES are raising the prices of gasoline and diesel this week by more than a peso per liter in one of the biggest...

AboitizPower launches 100-kilowatt solar rooftop installation

Aboitiz Power Corp. (AboitizPower) has launched a 100-kilowatt solar rooftop installation, marking its foray into the small-scale market segment that also further expands its...

DMCI net income jumps 5% in 1st quarter

By Victor V. Saulon Sub-Editor DMCI HOLDINGS, Inc. posted a first-quarter net income of P4.3 billion, up 5% compared with the P4.1 billion in the same...

Napocor activates Calapan-Puerto Galera transmission line after rehab

NATIONAL Power Corp. (Napocor) brought online on Saturday the 69-kilovolt (kV) Calapan-Puerto Galera transmission line in Oriental Mindoro to help improve the reliability of...

PXP Energy trims Q1 net loss

PXP Energy Corp. trimmed its losses to P3.7 million in the first quarter, the company said on Thursday, in part because of higher petroleum...

PSALM budgets P264M for Malaya plant O&M

STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) has approved a budget of P264 million for the one-year contract to operate and maintain...

ERC approvals for power firms’ capex proposals top P1B

THE Energy Regulatory Commission (ERC) has approved applications by energy companies for capital expenditure (capex) projects amounting to around P1.15 billion as of April,...

ERC approves P1-billion worth of capex applications

The Energy Regulatory Commission (ERC) has approved applications for capital expenditure projects amounting to around P1.15 billion as of April this year, the agency...

PSALM approves P264-million contract to maintain Malaya plant

Power Sector Assets and Liabilities Management Corp. (PSALM) has approved a budget of P264 million for the a one-year contract to operate and maintain...

Maynilad to replace old pipes to cut water losses

Maynilad Water Services, Inc. will be replacing up to 290 kilometers of old and leaky pipes this year as it upgrades the distribution system...

PXP Energy trims net loss in Q1

PXP Energy Corp. has trimmed its net loss to P3.7 million in the first quarter, in part because of the higher petroleum revenues and...

First Gen targets nearly $200M in recurring profit this year

LOPEZ-LED First Gen Corp. expects its recurring net income in 2018 to reach nearly $200 million, an improvement over last year’s flat growth when...

Manila Water earnings jump 17% in 1st quarter

AYALA-LED Manila Water Co., Inc. posted a 17% increase in first-quarter net income to P1.69 billion, with its Manila concession area mainly supporting the...

Manila Water net income rises 17% in Q1

Manila Water Co., Inc. posted a 17% increase in first-quarter net income to P1.69 billion mainly coming the growth in its Manila concession area...