JORDEENE SHEEX LAGARE

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WEST Zone concessionaire Maynilad Water Services, Inc. installed 38 kilometers (km) of new water pipes in 2017, broadening its distribution line and bolstering its customer base in its area of operations. The new water pipes have expanded Maynilad’s distribution line to 7,675 kms, or 68 percent longer than the length…

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The Department of Energy (DoE) and the Philippine Institute of Volcanology and Seismology (Phivolcs) have signed an agreement to enhance the energy sector’s readiness and response to earthquakes. They will do so by using a Filipino-made software, Rapid Earthquake Damage Assessment System (Redas), to boost the sector’s capacity to determine…

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LOPEZ-LED First Gen Corp. reported on Friday that its attributable net income in 2017 was lower from the previous year due to the effects of debt refinancing, the partial buyback of bonds, and costs related to natural calamities. In a disclosure, the listed company said attributable net income last year was $134 million…

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The Alegria natural gas and oil field in southern Cebu province can generate these energy sources for the next 20 years, the Department of Energy (DoE) said on Wednesday. “Based on the development plan crafted after initial testing, the natural gas and oil production of the field may last until…

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CONGLOMERATE San Miguel Corp. (SMC) said it would subscribe to redeemable securities worth $650 million (P33.85 billion) to partly finance the acquisition of the 630-megawatt (MW) Masinloc coal power plant by its unit, SMC Global Power Holdings Corp. In a disclosure, San Miguel said its board of directors approved on Thursday the…

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AYALA-LED Manila Water Co., Inc. has completed the acquisition of a minority stake in a listed water company in Thailand. Manila Water said on Thursday its subsidiary Manila Water (Thailand) Co., Ltd. (MWT) acquired an 18.72 percent stake, or 311.44 million ordinary shares, in Eastern Water Resources Development and Management Public Co.…

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PETRON Corp., the leading oil refining and marketing company in the Philippines, said on Tuesday that consolidated net income in 2017 surged 30 percent to P14.1 billion from P10.8 billion in the previous year. Petron said strong sales volumes and the continued focus on high-value segments in its Philippines and Malaysia operations…

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BILLS payment services provider CIS Bayad Center Inc., a unit of listed power distributor Manila Electric Co. (Meralco), launched on Tuesday a mobile app to make bills payment more convenient. Officials said that BC Mobile would remove the need to fill out forms and mail bills on a monthly basis. Anyone can…

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President Rodrigo Duterte has instructed the Department of Energy (DoE) and the Energy Regulatory Commission (ERC) to allow the private sector to participate in the complete electrification of rural areas in the Philippines. In a statement on Sunday, DoE said the President told Energy Secretary Alfonso Cusi and Erc Chairman…

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INVESTMENT holding company Philippine H2O Ventures Corp. will close the sale of its water business in Oriental Mindoro to subsidiary Tabuk Water Corp. next month in preparation for the entry of Davao-based businessman Dennis Uy’s group into H2O. In a disclosure, H2O said the closing date for the P442-million sale of…

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