PHILSTAR FILE PHOTO OFFGRID energy generator DMCI Power Corp. (DPC) reported energy sales of 491.2 gigawatt-hours (GWh) for 2024, a 9% increase from the previous year, driven by higher demand. The growth was also driven by the full operations of its 15-megawatt (MW) Palawan thermal power plant, which began supplying power to the province in […]
PHILIPPINE STAR/ MIGUEL DE GUZMAN MPOWER, the local retail electricity supplier of Manila Electric Co. (Meralco), has entered into a retail supply agreement with ABS-CBN Corp. to support the power needs of the media company’s operations. “Our renewed partnership with ABS-CBN reflects our constant dedication to delivering retail excellence and driving growth across diverse business […]
THE DEVELOPMENT Bank of the Philippines (DBP) has raised P11 billion from its offering of dual-tenor fixed rate notes. The bank’s offering of fixed rate Series 6A and 6B bonds was oversubscribed by five-and-a-half times compared to the initial P2-billion program, it said in a statement on Thursday. The Series 6A bonds, which have a […]
FACEBOOK.COM/WATERFRONTMANILA THE WATERFRONT MANILA Hotel & Casino complex in Manila is expected to be fully reopened by the first quarter of 2027 after facing construction delays, its listed operator Acesite (Phils.) Hotel Corp. said. The property’s reopening will happen in three phases, Acesite said in a regulatory filing on Thursday. “The final phase, targeted for […]
REUTERS The Philippines faces a growing plastic waste crisis, underscoring the urgent need for massive systemic change. Latest data shows that the country is estimated to produce 60 billion plastic sachets a year, thereby exacerbating environmental degradation and economic losses with reliance on single-use plastics. However, amidst this bleak scenario and reality, there lies an […]
REUTERS THE Philippines and Finland on Thursday signed a joint declaration of intent to seal a bilateral labor agreement this year. “Safe, ethical, transparent, and sustainable recruitment will happen and will unfold in the coming weeks and months, so this won’t take long. I’m very optimistic that with our new embassy… there will be deeper […]
1 of 3 THE 50TH Metro Manila Film Festival (MMFF) has reported a box office total of P800 million, reaching its target but failing to touch last year’s record-breaking P1 billion. This, after the festival was extended to Jan. 14, a week after its initial closing date. Despite the underwhelming result, the Metro Manila Development […]
PHILIPPINE STAR/EDD GUMBAN THE PHILIPPINE Stock Exchange (PSE) recently launched a sustainability reporting guidebook for publicly listed companies to enhance environmental, social, and governance (ESG) compliance. The guidebook, called “ESG 101: A Reporting Guidebook,” was developed by the local market operator with reference to the “2015 Model Guidance on Reporting ESG Information to Investors” by […]
REUTERS PHILIPPINE SHARES sank to the 6,200 level anew on Thursday despite trading higher for most of the session as investors booked profits at the last minute. The Philippine Stock Exchange index (PSEi) fell by 1.02% or 64.94 points to end at 6,265.52, while the all shares index decreased by 0.08% or 3.02 points to […]
BW FILE PHOTO THE PESO weakened slightly against the dollar on Thursday due to higher global oil prices. The local unit closed at P58.61 per dollar on Thursday, inching down by 3.5 centavos from its P58.575 finish on Wednesday, Bankers Association of the Philippines data showed. The peso opened Thursday’s session stronger at P58.45 against […]