Tag: Adam J. Ang

AS media group ABS-CBN Corp. was battling to keep its Congressional franchise, it began to dawn on Dominique Muli, a production assistant for ABS-CBN News Channel (ANC), that her budding media career might be cut short.

MORE oil traders might see the Philippine downstream market attractive with the impending loss of its oil refining industry, according to an oil executive.

Electric cooperatives sustained P50.92 million worth of damage from Typhoon Quinta (international name: Molave) according to initial estimates released by the National Electrification Administration...

Lopez-led First Gen Corp. is preparing a distribution plan to deliver liquefied natural gas (LNG) throughout the country ahead of the construction of its...

Quarantine restrictions still weighed down on Wilcon Depot, Inc. as it earned P533.21 million in the third quarter, lower by 2.92% from a year...

Emperador, Inc.'s profit to owners climbed by over a quarter in the three months to September, attributed to contributions of its thriving international business. The...

Del Monte Philippines, Inc. maintained a year-on-year P900-million net profit in the three months to July on the back of "strong" domestic sales in...

Private-led National Grid Corporation of the Philippines (NGCP) has mounted a P1.1-billion transmission line covering the northeastern portion of Mindanao. The second Butuan-Placer 138 kilovolt...

THE Energy department should craft a policy that removes the 40% foreign ownership cap on solar energy projects, developers said, after the agency announced on Tuesday that it is opening large geothermal development to foreigners.

LISTED conglomerate San Miguel Corp. (SMC) plans to install solar technologies to power its international airport project in Bulacan, its top official said.

THE Energy Regulatory Commission (ERC) said Thursday that it ordered all power distributors to delay any disconnections of poor consumers until the end of the year.

CONGLOMERATE San Miguel Corp. (SMC) intends to build more liquified natural gas (LNG) power plants with over 5,000 megawatts (MW) of capacity over the next years, its top official said.

SEMIRARA Mining and Power Corp. saw its after-tax profit drop by 71% to P750 million in the third quarter of the year, affected by the decline in coal and energy sales.

EXCELERATE ENERGY LP said Wednesday its preparations to build an offshore liquified natural gas (LNG) terminal project in Batangas are nearly complete and that it will seek a permit to start construction “soon” from the government.

THE Department of Energy (DoE) on Tuesday declared a moratorium on new coal power plant projects, while allowing foreign investors to fully own geothermal plant projects in the country.

THE country’s lone refiner Petron Corp. will be closing its 180,000 barrel-per-day refinery in Bataan “very soon” as it continue to bear losses from a challenged, refining environment and uneven playing field, its top official said on Tuesday.

NINE GENERATION companies have expressed their interest in bidding for supply contracts with Manila Electric Co. (Meralco) in 2024 and 2025, Meralco said.

MANILA Electric Co. (Meralco) on Monday reported a core net income of P5.14 billion in the third quarter, down 16.3% from a year ago but milder than the fall it posted in the second quarter this year when its customer base was under a strict lockdown.

PHILIPPINE FamilyMart CVS, Inc. is set to launch three convenience stores in Cebu this week.

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.