Tag: Adam J. Ang

INSURERS said they are adjusting to the economic damage sustained by their clients during the pandemic by evaluating products like pay-per-use auto coverage and offering schemes that feature smaller payments.

A NEW committee overseeing the electricity spot market will be formed soon to monitor its operations and adjudicate rules breaches, the Department of Energy (DoE) said.

THE National Electrification Administration (NEA) violated its own policy of halting subsidies to rural utilities with a backlog of unliquidated previous funding, the chairman of the Senate energy committee said.

THE Philippines will have to spend more on imported petroleum products over the coming years should it be left with one domestic refinery or...

THE delayed payment of power bills during the entire quarantine period will have a serious impact on the entire power supply chain, electric cooperatives...

LOPEZ-LED First Gen Corp. has issued bid invitations to its three preferred providers of a natural gas transfer vessel to be used in its short-term import terminal in Batangas.

PHILIPPINE National Oil Co. (PNOC) said it moved back the start of its feasibility study on establishing a strategic petroleum reserve next year due to delays caused by the coronavirus pandemic.

PHOENIX Petroleum Philippines, Inc. has placed sanitation hubs at select fuel stations, offering professional car cleaning and disinfection services.

THE GOVERNMENT will need to borrow around P38 billion to cover the full cost of its obligations under the Murang Kuryente Act because the budgeted funds amount to only P8 billion, the Power Sector Assets and Liabilities Management (PSALM) Corp. said.

THE Philippines maintained it will not set aside its arbitral win against China over disputed areas in the West Philippine Sea just to proceed with joint oil and gas development, the country’s energy chief said on Monday.

AYALA-LED AC Energy, Inc. and its partner are expanding their network in India with another solar farm in the pipeline.

PRYCE CORP. on Monday reported a 1.24% rise in its net profit between July and September to P1.222 billion over a year ago as it saw growth in liquefied petroleum gas (LPG) sales.

VARIOUS anti-coal groups have asked the government to declare the expiration of the environmental compliance certificate (ECC) of Meralco Powergen Corp.’s (MGen) large coal power plant project in Quezon province as its construction was supposedly delayed for five years.

RESIDENTS from anywhere in Luzon can visit Baguio again starting October 22, the city government announced Sunday.

A government decision to resume exploration activities in the South China Sea will not affect its non-binding deal with China to jointly explore gas...

Gokongwei-led Robinsons Retail Holdings, Inc. is now the new owner of Cebu-based Rose Pharmacy. On Friday, the retailer said its wholly owned subsidiary South Star...

Ayala-led AC Energy Philippines, Inc. (ACEN) is investing more funds into the development of a solar facility in Bataan. The power company told the stock...

THE United States-listed New Fortress Energy LLC (NFE) will be screening for investment opportunities in the country for future liquified natural gas (LNG) projects.

RURAL utilities posted a collective rise in energy sales and revenues between April and June on increased power usage of their residential consumers.

THE Department of Energy (DoE) is studying a new policy for subsidies on power supplied to remote areas, including the removal of missionary charges currently being paid by consumers.

THE possible uptick in power prices next month due to maintenance on the Malampaya field can be cushioned by dispatching more power from baseload coal and hydropower plants, the independent market operator said.

THE Energy Regulatory Commission (ERC) said it will require power distributors to extend the moratorium on power disconnections until the end of the year.

LIQUIFIED NATURAL GAS (LNG) imports remain the best way to address the Philippines’ power needs in the next few years, the Secretary of Energy said.

THE Department of Energy (DoE) signed off the solar farm project of Meralco Powergen Corp. (MGen) for a grid impact study.

THE Energy Regulatory Commission (ERC) said it is targeting more participation next year in a scheme allowing consumers to select a preferred electricity provider.

THE PHILIPPINE GOVERNMENT does not have the cash now to buy into Shell Philippines Exploration, B.V.’s (SPEx) stake in the country’s sole natural gas field as the ongoing pandemic drained its financial resources, according to a senator.

PHOENIX Petroleum Philippines, Inc. cornered more fuel demand in the country, placing itself now among the three biggest Philippine oil industry players.

ABOITIZ POWER Corp. has secured the supply contract of First Bay Power Corp., extending their partnership which spanned for more than a decade ago.

THE technology and outsourcing industry said it needs to invest heavily in worker reskilling to come out stronger after the pandemic, which has accelerated the digital shift while also forcing companies to find effective ways to work under quarantine.

THE Department of Energy (DoE) said Thursday that it will appeal a Court of Appeals (CA) ruling which blocked the implementation of its plan to make oil companies reveal the cost structures underlying their retail pricing strategies.

LOPEZ-LED First Gen Corp. has chosen the local unit of an Australian contractor to build its interim liquefied natural gas (LNG) terminal in Batangas, while it steps up its partnership with Japan’s Tokyo Gas Co., Ltd.

THE Department of Energy reported a 22.8% drop in total petroleum demand in the six months to June, with fuel imports declining by 35.4%.

THE GOVERNMENT must lay out contingency measures and environmental safeguards before reopening the mothballed Bataan Nuclear Power Plant (BNPP), a senator said on Tuesday.

A CONSUMER group on Tuesday asked the government to halt power disconnections resulting from the non-payment of electric bills during the height of the lockdown. 

STATE-OWNED Power Sector Assets and Liabilities Management Corp. (PSALM) has reduced the floor price for the Malaya Thermal Power Plant to P2 billion, as it seeks a negotiated sale for the property after another failed bidding last month.

NEW buildings and establishments that will undergo renovations will soon be required to source a portion of their power requirements from renewable sources.

STATE-OWNED National Power Corp. (Napocor) has sought a bigger budget for next year to preserve the mothballed Bataan Nuclear Power Plant (BNPP).

THE Department of Energy (DoE) is seeking to promote energy efficiency investment in remote areas, specifically for agriculture and the so-called “last mile” of power service delivery to rural communities.

PH Resorts Group Holdings, Inc. (PHR) is set to list its follow-on offer of P1.125 billion shares after securing the approval of the bourse. In...

Lopez Holdings Corp., the parent company of ABS-CBN Corp. and First Philippine Holdings Corp., announced on Friday a shakeup in its board composition after...

Gotianun-led Filinvest Group has launched a program that connects its companies to various startups for their digital transformation. The conglomerate through f(dev), its latest corporate...

SM Investments Corp. on Friday issued P10-billion fixed-rate bonds, the first tranche of its three-year debt program. The conglomerate told the stock exchange that it...

A consumer group is seeking a refund of possible over-collections in the missionary electrification charge, citing the declining fuel costs of beneficiary power generators. The...

AYALA-LED AC Energy, Inc. and its partner in Australia have tapped a Spanish-listed contractor to build their large-scale renewables project.

RISKS in the Philippine power sector are increasing as the pandemic pressures both demand and new-build plant construction, Fitch Solutions Group said in a research note.