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THE Department of Energy (DoE) said the power sector will be required to set aside quarantine areas in the event its personnel are suspected of being infected by the coronavirus, in order to minimize disruption to the operations of the essential industry.
THE Philippine power sector is seeking a little breathing space in fulfilling certain obligations in supply contracts, as well as the removal of some charges that are passed on to consumers, as strict quarantine measures negatively impacted its finances.
JOLLIBEE Foods Corp. (JFC) will be spending P7 billion for its rationalization efforts across its businesses worldwide in 2020, including its move to bolster digital capacity, as it grapples with the impact of the global coronavirus disease 2019 (COVID-19) pandemic.
KAPA-COMMUNITY Ministry International (KAPA) is still facing fraud charges for committing one of the country’s biggest investment scam, while a cease-and-desist order against the group remains active, the Securities and Exchange Commission (SEC) said Friday.
MANILA Electric Co. (Meralco) is returning the additional tariff paid for by customers who settled their bills via its online app during the enhanced community quarantine (ECQ) period, as the company will shoulder these fees charged by its service providers.
THE Power Sector Assets and Liabilities Management (PSALM) Corp. has won approval to seek a P43-billion loan from the Development Bank of the Philippines (DBP), saying that despite “setbacks” encountered during quarantine, it does not expect to default on any of its obligations.
A CONSUMER group on Wednesday asked the Energy Regulatory Commission (ERC) to ask Manila Electric Co. (Meralco) to return to customers their payments for May bills, as well as to halt its billings during the period of enhanced community quarantine (ECQ).
A SOLAR company reported that no complaints on electricity billings were raised from some households under a micro-grid system in Bulacan during the lockdown period as many power consumers in Luzon were shocked with their increased electricity charges this month.
A waste-to-energy project by a unit of Metro Pacific Investment Corp. (MPIC) with Dole Philippines, Inc. received the first tranche of subsidy, which is up to 50% of its qualified capital cost, from the Japanese government.
A PROGRAM establishing a strategic petroleum reserve remains a priority, with regulations being prepared and a feasibility study by the Philippine National Oil Company (PNOC) under way, the Department of Energy said.
THE quarantine grace periods on electricity bills have weakened the power industry’s finances even with power demand surging in the residential segment and as usage normalizes with lockdowns easing, an industry association said.
AMID mounting concerns by customers on increased electricity bills for May, Manila Electric Co. (Meralco) said its meter readings remain accurate and transparent.
ABS-CBN Corp. on Friday said the shutdown of its free-to-air television and radio operations “will significantly impact” the company’s media, networks, and studio Entertainment (MNSE) operations which generate billions of pesos in annual revenues.
NLEX Corp. and Ayala Property Management Corp. (AMPC) have started conducting rapid testing for coronavirus disease 2019 (COVID-19) for employees as Metro Manila shifts to a modified enhanced community quarantine (MECQ) on Saturday.
THE Department of Energy has proposed fuel discounts or subsidies for the agriculture sector to help it achieve food security for the Philippines.
THE Philippine unit of Ayala-led AC Energy, Inc. saw its attributable income in the first quarter went up to P306.94 million, compared to a loss of P145.27 million in the same quarter in 2019, on the back of after-tax income growth with a spike in electricity sales revenue.
THE government could raise P6.78 billion in 2020 from oil import tariffs imposed to help fund the coronavirus disease 2019 (COVID-19) containment effort, the Department of Energy (DoE) said Wednesday.
THE Philippine unit of Singapore-based Keppel Corp. Ltd. reported a 3.1% decrease in its first-quarter attributable income to P6.01 million, while its after-tax income slightly grew with the increase in equity share of its investment in a property leasing firm in Zambales.
THE Department of Energy (DoE) said no counterbids were received for three oil exploration blocks in the West Philippine Sea (WPS).
AN association of electric cooperatives pledged to donate P12.1 million to power utilities operating in the countryside for their electricity subsidies program in aid of poor customers affected by lockdown measures to fight the coronavirus disease 2019 (COVID-19) pandemic.
THE Power Sector Assets and Liabilities Management Corporation (PSALM) has extended the deadline for dues and obligations owed by its power customers, as well as Universal Charges collecting entities and independent power producer administrators (IPPAs), operating in areas where the enhanced community quarantine (ECQ) is in force.
THE Securities and Exchange Commission (SEC) warned the public anew of groups peddling shady investments without authorization from the government.
All businesses, including those classified as non-essential, should be allowed to resume operations even if only via online platforms, the former head of the Philippine Retailers Association (PRA) said.
THE Philippines topped 50 economies in having fairly represented women in workplaces last year, Mastercard said in its latest study on women’s advancement in business.