The country’s biggest oil refiner and retailer, recently disclosed that for the first half of 2010, it has already spent more than P6 billion for its capital expenditure projects and debt repayments. Petron Corp., in its disclosure to the Philippine Stock Exchange (PSE), said it used the proceed from its preferred share issuance early this [...]

The country’s power sector, including renewable energy projects, is likely to get a big boos from the World Bank (WB). WB’s private sector arm, the International Finance Corp. (IFC), is looking at pouring in more than $300 million in investment to the said industry in the Philippines.
IFC resident representatives to the Philippines, Jesse Ang, said [...]

La Filipina Uy Gongco Corp., a relatively unknown local company owned by businessman Alfonso Uy, seems to be just a short step away from clinching the deal to acquire the Mariveles Grains Terminal of Asian Terminal Inc. (ATI).  La Filipina has beaten conglomerate San Miguel Corp. (SMC) in its bid for the purchase of ATI’s [...]

Many businesses today are realizing the importance of having a website for greater exposure of their company, products, and services. That is why many entrepreneurs, big or small, are making sure that they have online exposure. But before you keep that site up and running, be sure to get a professional to make your web [...]

Clenergen Philippines Corp. a company who is into renewable energy, is planning to conduct an initial public offering (IPO) in the next 18 months.
Mark Quinn, Chief Executive Officer of the company, said they are looking at the IPO as an venue to raise funds which it will be using for its renewable energy development projects. [...]

The Naga power plant in complex Cebu. The Power Sector Assets and Liabilities Management Corp. (PSALM) opened the bidding process for the independent power producer administrator (IPPA) contract to manage the output of the said power facility.
The state-run agency said it already issued the invitation to bid (ITB) to parties who might be interested to [...]

A listed firm expressed interest to bid for the 116 megawatt Subic diesel-fired power plant project, the sole generating facility at the Subic free port.
In its disclosure to the Philippine Stock Exchange (PSE), Pacifica Inc. which is controlled by port operator Michael Romero said its board has approved the plan to “bid or submit a [...]

National Power Corp. (Napocor) president Froilan Tampinco that they will be offering about P15 billion worth of peso-denominated bonds and want it to be in place within the month. The proceeds for the bond offerings would be used to fund the company’s budget requirement for the rest of the year and up to the first [...]

The power of the internet is one medium that many entrepreneurs has not really explored yet. While many would readily acknowledge its potential, many are still afraid to try, for various reasons, one of them being the cost. But compared to traditional advertising, online advertising is relatively cheaper, produces better results even.
That is what I [...]

On April 28, the Power Sector Assets and Liabilities Management Corp. (PSALM) is expecting to receive bids from at least companies at the auction of the 246 megawatt (MW) Angat hydropower plant in Norzagaray, Bulacan on April 28. PSALM vice president for asset management and electricity confirmed that six groups are in the running.
During the [...]

Because of the electricity shortage brought on by a long drought, the government will ask malls to shut down to help alleviate the effect of the shortage. The government said it will be asking shopping mall, as well as some factories to consider shutting down operations for several days in order to ensure the uninterrupted [...]

Davao was to have been experiencing power shortage, but this is expected to ease up once the establishment of a new hydropower plant will be finished. The hydropower plant project, which will utilize Tamugan River, will be undertaken by the Aboitiz-owned Hedcor Inc.
The company was able to forge a compromise agreement with the Davao City [...]

Another company is mulling to invest into the renewable energy sector. The Global Business Power Corporation is earmarking about $250 to $300 million as it plan to shift its venture into the renewable development in its investment site of Visayas.
Global Power chief finance officer Jaime T. Azurin said that the company plans to put RE [...]

On March 25 and 26, 2010, the first Renewable Energy Summit will be held at the Sofitel Philippine Plaza. The summit was organized and will be hosted by the First Metro Investment Corporation, in partnership with the World Bank and Asian Development Bank.
The summit will be an annual event and the organizers aim to attract [...]

The property development of the Ayala group will be building a new call center area in the south. The Ayala Land Inc. (ALI) is planning to transform a 2-hectare property in Iloilo City into a business process outsourcing (BPO) hub. The project would consist of 3 BPO facilities with a total of 19,000 square meters [...]

Local banks have agreed to help raise and lend the Panay Energy Development Corp. (PEDC) P14-billion for its construction of a 164-megawatt coal-fired power plant in La Paz, Iloilo City. The Panay Energy is owned by George Ty’s Metrobank group, and the loans were arranged by First Metro Investment Corp. (FMIC), the investment banking arm [...]

The Philippine National Oil Co. (PNOC) was able to bag an exploration contract to develop the Mt. Isarog volcanic chain in Camarines Sur.  The PNOC’s $60-million Mt. Isarog geothermal project is estimated to generate 18 gigawatt-hours of electricity per year from its potential capacity of at least 20 megawatts.  It will be started in the [...]

There will not be any price increase on the cement, at least none until the end of March. This was the promise made by Holcim Philippines who said that they will not be increasing their price in Metro Manila in order to help those who were hit by the typhoons which devastated the country late [...]

The Senate Bill 3404 or the Philippine Immigration Act of 2010 has provision that raised concern to some business sectors. Section 30 of the said act grants Immigration Officers the power to assign personnel to do overtime work at rates fixed by him when the services rendered is to be paid for by the shipping [...]

Food and beverage conglomerate San Miguel Corp. (SMC) recently completed the $300-million sale of the international beer business to its flagship unit San Miguel Brewery (SMB) Inc.  Both San Miguel and SMB reported to the Philippines Stock Exchange, separately, the closing of the deal. It marked the completion of the spin-off of all the conglomerate’s [...]