JORDEENE SHEEX LAGARE

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Ten energy ventures are being evaluated for possible proclamation as projects of national importance, a senior government official said, subsequently benefiting from streamlined approval processes. Energy Undersecretary Jesus Cristino Posadas declined to identify the companies involved but said the projects spanned the areas of generation, transmission and resource development. “We’re…

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The Department of Information and Communications Technology (DICT) has committed to partner with National Grid Corp. of the Philippines (NGCP) on using the latter’s dark fiber optic cables as the backbone of the government’s National Broadband Plan. This despite National Transmission Corp.’s (TransCo) insistence on participating in negotiations for the…

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Sorsogon has declared itself as a “coal-free” province, seeking to move toward a sustainable future. During its 70th regular session, the 8th provincial board approved Resolution 323-2017, which proclaimed Sorsogon as an environment-friendly and a clean energy province, noting hazardous effects of coal to both the environment and the health…

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Consumer group CitizenWatch Philippines has warned against oil and power rate hikes because of the enactment of the new tax law. CitizenWatch said in a statement on Monday the 4 percent inflation recorded last week marks “the beginning of the ripple effect caused by Republic Act 10963, or Tax Reform…

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WEST Zone concessionaire Maynilad Water Services, Inc. is investing more than P9 billion for water and wastewater infrastructure projects this year. Maynilad said on Monday that about P6.5 billion, or two-thirds of its capital expenditures (capex) for 2018, would be allocated for water infrastructure. About P2.6 billion of the P6.5…

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AYALA-LED Manila Water Co., Inc. has acquired a stake in a listed water company in Thailand, marking its continuous expansion in Southeast Asia. Manila Water said on Monday that it had signed a share purchase agreement with Electricity Generating Public Co. Ltd (EGCO) to purchase EGCO’s 18.72 percent equity in…

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THE first phase of the P24.4-billion Bulacan Bulk Water Supply Project (BBWSP) which is expected to be completed in October, is proceeding ahead of schedule, listed conglomerate San Miguel Corp. (SMC) said in a statement. The first stage is targeted for completion by October and the second stage by April…

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Oil companies announced a big-time rollback in the prices of petroleum products over the weekend. Petron, Pilipinas Shell, and PTT Philippines slashed the prices of diesel by P1.25 per liter and gasoline by P1.05 per liter, respectively. The cuts took effect at 6 a.m. today (Sunday). Petron and Pilipinas Shell…

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The Metropolitan Waterworks and Sewerage System (MWSS) is open to more proposals on implementing the Kanan Dam project in Quezon province that can challenge the one submitted by Rep. Danilo Suarez and his partners, which the agency is now reviewing. According to MWSS Administrator Reynaldo Velasco, Suarez’s proposal to build…

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DENNIS Uy-led Phoenix Petroleum Philippines, Inc. recorded net income of P1.792 billion in 2017, up 65 percent from the P1.092 billion the independent oil company recorded in 2016. In a disclosure on Thursday, Phoenix Petroleum attributed its income growth to higher sales volume from the addition of new stations, acquisition…

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