March 10, 2018

Aboitiz Equity net slides 4% to P21.6B

By Jordeene Sheex Lagare – March 10, 2018 from The Manila Times LISTED conglomerate Aboitiz Equity Ventures, Inc. (AEV) reported that its consolidated net income dropped 4 percent to P21.6 billion last year, from P22.5 billion in 2016, as one-off […]
March 10, 2018

Power rates increased in March

By Alena Mae S. Flores – March 09, 2018 at 07:55 pm from manilastandard.net Power retailer Manila Electric Co. said Friday power rates will increase by P0.85 per kilowatt-hour this month on higher generation charges and taxes and the impact […]
March 9, 2018

Excess power supply expected to moderate electricity rates

By Alena Mae S. Flores – March 08, 2018 at 09:30 pm from manilastandard.net The Philippines is now experiencing an ‘oversupply situation’ in the power sector which is expected to last five to seven years, a top executive of Aboitiz […]
March 8, 2018

8 power firms get COCs, provisional approvals

By Jordeene Sheex Lagare – March 8, 2018 from The Manila Times THE Energy Regulatory Commission (ERC) has granted final and provisional approvals to eight generation companies (gencos) in a bid to fast-track the resolution of pending applications before the […]