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 [...]

The Kepco SPC Power Corp. (KSPC), a joint venture between Korea Electric Power Corp. and SPC Power Corp, acquired a loan from the Asian Development Bank (ADB) for the construction of a major power plant in the Visayas.
The ADB has approved the grant of $120-million 12-year term loan for the construction of a 200-megawatt (MW) [...]

The world is really getting smaller everyday. What with the internet being people together closer even when there’s oceans separating them. And another product of today’s technology which makes the world even smaller is the direct tv. Because unlike your regular cable subscription, direct tv offerings get you your favorite international show live and real [...]

With many homes trying to be as festive as possible this holiday season by surrounding their homes bright, dancing Christmas lights, the Manila Electric Co. reiterated its safety tips reminder to the public to prevent the occurrence of electricity-related accidents.
Alfredo Ramos, who is the safety and environment management head of Meralco, noted that during this [...]

The Department of Energy (DOE) has started accepting proposals for the bidding of the nine geothermal areas offered under the latest Philippine Energy Contracting Round (PECR). At least 10 local and foreign groups have already been pre-qualified.
According to Mario Marasigan, DOE assistant secretary, they are evaluating the submitted proposals at present to verify if they [...]

Last December 7, the yearend celebration in which Hyundai Asia Resources, Inc. (HARI) was a part of, was held at the A. Venue Hall in Makati City. It was an event where HARI capped 2009 with a bang at the 2nd annual Media Noche Choral Festival where three groups from their media partners vied for [...]

The bidding for the last set of management contracts for National Power Corp. (Napocor) assets to be auctioned off this year has been set on December 15 by the Power Sector Assets and Liabilities Management Corp. (PSALM).

At least 24 bids from 10 possible contracts under the geothermal energy contracting round were received by the Department of Energy (DOE). Energy assistant secretary Mario Marasigan said, “We received strong interest because of the renewable energy law. Now we are seeing the fruits of Republic Act 9513, wherein the incentives are really attractive.” Marasigan [...]

The administration of the contracted capacities of National Power Corp. (NPC) in the coal-fired Sual and Pagbilao power plants were officially turned over by the Power Sector Assets and Liabilities Management Corp. (PSALM) to their new independent power producer administrators (IPPAs), San Miguel Energy Corp. (SMEC) and Therma Luzon Inc., respectively.
SMEC and Therma won the [...]

Because typhoon Santi has caused power interruption in some parts of Metro Manila and Southern Luzon, the Commission on Elections (Comelec) is making some leeway on its strict adherence to a ‘no extension’ of voters’ registration.
The Comelec yesterday said it will allow registrants in its offices who were affected by the power outage brought by [...]

The Philippine Charity Sweepstakes Office (PCSO) has been contemplating on phasing out the Power Lotto and replace it with a game just like the three other existing lotto games. This plan was welcomed by Pacific Online Systems Corp., saying such move would boost the sales for next year.
Since its introduction last year, Power Lotto hasn’t [...]

The First Gen Energy Solutions Inc. (FGES) has agreed to supply the electricity requirement of Iloilo Electric Cooperative 1 (ILECO 1). FGES is the retail energy supplier and electricity aggregator subsidiary of First Gen Corp.
According to Richard Tantoco, the executive vice president and chief operating officer of First Gen and FGES, the power that would [...]

For the month of October, the customers of Manila Electric Co. (Meralco) will get another reduction of 11.55 centavos per kilowatt-hour in their electric bill. This is the biggest power rate cut given by the company in five years.
According to Ivanna de la Peña, vice president and utility economics head of Meralco, said that the [...]

the Shell Philippines Exploration B.V. (SPEX) is looking to invest an additional $80 million for the drilling of additional well under the Service Contract (SC) 38, also known as the Malampaya deep water gas-to-power project in Northwest Palawan. This was reported by Shell country chairman who said that the company would be pouring in additional [...]

The 700-megawatt Pagbilao coal-fired thermal power plant in Quezon has been officially turned-over to the Therma Luzon Inc., a wholly-owned subsidiary of Aboitiz Power Corp (APC).
APC assumed management of the independent power producer contract of the said facility, making Therma Luzon the first IPP administrator in country.