PSALM to turn over CBK hydro facilities next year
THE GOVERNMENT will turn over the 796.64-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power complex in Laguna to the winning bidder Thunder Consortium by February 2026, according to the Power Sector Assets and Liabilities Management Corp. (PSALM).
PXP awaits Marcos nod for production, exploration
PXP ENERGY CORP. is seeking approval from President Ferdinand R. Marcos, Jr. for four petroleum service contract applications covering continued production and new exploration...
Megaworld expands Binondo mall with new retail wing
MEGAWORLD CORP. is expanding the retail area of its Lucky Chinatown mall in Binondo, Manila, with the addition of new commercial spaces under the...
Southstar Drug targets 800 stores by 2026
DRUGSTORE chain Southstar Drug is aiming to increase its store network to 800 by next year, with up to 60 store openings planned for...
LRTA revenue up 3% as more ride LRT-2
THE LIGHT RAIL Transit Authority (LRTA), operator of Light Rail Transit Line 2 (LRT-2), saw its gross revenue collection for the first half rise...
How PSEi member stocks performed — July 11, 2025
Here’s a quick glance at how PSEi stocks fared on Friday, July 11, 2025.
Leasing surge in 1st half may push full-year demand past 2024 levels, says Leechiu
OFFICE LEASING activity in Metro Manila surged in the first half of 2025, reaching levels not seen since 2017, as demand from the information...
MWEC plans P10.58-B wind power project in Cavite
MARAGONDON Wind Energy Corp. (MWEC) plans to build a 200-megawatt (MW) wind power project in Cavite, with operations expected to start by 2028.
“The proposed...
EDC unit eyes P3-B upgrade of Negros Oriental power plant
GREEN CORE Geothermal, Inc. (GCGI), a subsidiary of Energy Development Corp. (EDC), is planning a P3.02-billion expansion of its 112.5-megawatt (MW) Palinpinon 1 Geothermal...
SM Offices targets BPO growth with new Laguna tower
SM PRIME HOLDINGS, Inc.’s commercial property arm, SM Offices, is expanding its regional footprint with the launch of The Core Tower Three office project...
NexGen seeks foreign partners for project pipeline
NEXGEN ENERGY CORP. is seeking foreign partners to help develop its pipeline of renewable energy projects, its president said.
“NexGen is continually in active discussions...
AirAsia Philippines studying PHL-India service
LOW-COST carrier AirAsia Philippines said it is studying the possibility of launching direct flights between the Philippines and India amid strong market demand.
“India is...