December 17, 2021

JERA finalizes purchase of stake in AboitizPower

By James A. Loyola – December 16, 2021, 2:58 PM from Manila Bulletin Aboitiz Equity Ventures Inc. (AEV) and JERA Co. Inc. have finalized the Japanese firm’s acquisition of a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower), following the […]
December 16, 2021

PNOC-EC withholds consent to sale of Malampaya stake

BY LENIE LECTURA – DECEMBER 15, 2021 from Business Mirror The Malampaya Deep Water Gas-to-Power Project, located 50 km offshore Northwest Palawan. The Philippine National Oil Co.-Exploration Corp. (PNOC-EC), which holds a 10-percent stake in the Malampaya consortium, is not […]
December 16, 2021

Solar PHL unit IPO 2x oversubscribed

BY VG CABUAG – DECEMBER 15, 2021 from Business Mirror Photo from www.solarnuevaecija.ph The initial public offering (IPO) of Solar Philippines Nueva Ecija Corp. (SPNEC), a unit of Solar Philippines Inc., was almost two times oversubscribed ahead of its market […]
December 16, 2021

ACEN to hike public float to 18.73%

By Myrna M. Velasco – December 15, 2021, 3:10 PM from Manila Bulletin Ayala energy firm ACEN Corporation has secured the nod of its stockholders for the issuance of 1.4 billion primary shares to its partners in UPC Renewables and […]