May 8, 2021

SMPC income up 93% to P2.3-B in first quarter

By Myrna M. Velasco – May 8, 2021, 6:00 AM from Manila Bulletin The consolidated net income of Consunji-led Semirara Mining and Power Corporation (SMPC) significantly climbed by 93-percent to P2.3 billion within first quarter this year versus P1.2 billion […]
May 7, 2021

Norwegian firms bat for easing of foreign ownership restriction in RE investments

By Myrna M. Velasco – May 7, 2021, 7:00 AM from Manila Bulletin Norwegian companies that are interested to inject fresh capital into the country’s renewable energy (RE) sector have been batting for the easing of legal restraints on foreign […]
May 7, 2021

PERC Net Income Up 21% In 2020

BY LENIE LECTURA – MAY 7, 2021 from Business Mirror Yuchengo-led PetroEnergy Resources Corp. (PERC) booked P646 million in net income last year, up 21 percent from P543 million posted in 2019, buoyed by the full-year operations of its solar […]
May 7, 2021

Regulatory conflicts flagged with creation of power agency

By Gillian M. Cortez – May 6, 2021 | 7:52 pm from Business World   GOVERNMENT agencies raised the possibility of regulatory overlap in the creation of a new office tasked with ensuring power rates for consumers. In a hearing […]