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 […]
December 11, 2020

PetroEnergy vows to finish all power projects

By Lenie Lectura – December 11, 2020 from Business Mirror As some of its power projects have been put on hold due to the pandemic, the Yuchengco-led listed firm PetroEnergy Resources Corp. (PetroEnergy) said Monday it would pursue to complete […]
December 11, 2020

RCBC ends funding for coal projects

By Alena Mae S. Flores – December 10, 2020 at 08:20 pm from manilastandard.net Rizal Commercial Banking Corp., the banking unit of the Yuchengco Group of Companies, will no longer fund coal power plants as part of the lender’s efforts […]
March 18, 2020

Some power firms face delays as work stops

By Lenie Lectura – March 18, 2020 from Business Mirror SOME power firms are facing delays in the construction of their power projects as a result of the paralysis induced by measures to stop the new coronavirus disease (Covid-19). “We […]