- San Miguel eyes partnership for Caticlan resort project
SAN MIGUEL Corp. (SMC) may seek a partner to develop a leisure resort near the Godofredo P. Ramos Airport in Caticlan, the company’s president said. “Leisure resort development is not our expertise; I think we will find a partner to develop the land there,” SMC President and Chief Executive Officer Ramon S. Ang said at
- Telcos, 2 agencies to build central data system for cyber, physical infra
THE PHILIPPINE Chamber of Telecommunications Operators (PCTO) and its partner agencies in the government plan to establish a central data repository for the country’s cyber and physical infrastructure. The PCTO, Cybercrime Investigation and Coordinating Center, and PNP Anti-Cybercrime Group have formed a multisectoral group, PROTECTA Pilipinas, aimed at protecting the Philippines’ technology assets. One goal
- Philippine hotels get tech boost with Converge Concierge
CONVERGE ICT Solutions, Inc. seeks to enhance guest experience and improve the operational efficiency of local hotels with the launch of the Converge Concierge platform in partnership with Sky Cable, Inc. Converge Concierge with SkyTV Plus integrates with existing hotel property management systems, streamlining bookings, guest services, and billing processes. “This is a new innovation
- TeaM Energy, Mariwasa expand solar partnership in Batangas
TEAM Philippines Energy Corp. (TPEC), the retail electricity arm of TeaM Energy Corp., has energized a 1.3-megawatt (MW) solar photovoltaic rooftop system for a tile manufacturing plant in Sto. Tomas, Batangas. The new solar rooftop system has increased the company’s total supplied renewable energy to Mariwasa Siam Ceramics, Inc. (MSCI) to 4.4 MW, the company
- NGCP defends higher transmission rate for September
THE NATIONAL Grid Corp. of the Philippines (NGCP) said the increase in transmission rates, which is part of the monthly electricity bill for September, was due to higher ancillary services (AS) following the resumption of the reserve market. In a statement on Thursday, the grid operator said it did not earn nor benefit from the
- Meralco upgrades substation in Quezon City
MANILA Electric Co. (Meralco) has invested P48.43 million to upgrade the control house at its Novaliches Substation in Quezon City. The project aims to improve operational efficiency and flexibility of the substation that serves customers in Novaliches in Quezon CIty and Caloocan City, the power distributor said in a statement on Thursday. The company said
- How PSEi member stocks performed — September 12, 2024
Here’s a quick glance at how PSEi stocks fared on Thursday, September 12, 2024.
- Possible Tampakan stake strategic for DMCI — analysts
THE CONSUNJI family’s plan to inject its 10% stake in the Tampakan copper and gold project into DMCI Holdings, Inc.’s portfolio is seen as a strategic move to diversify the listed firm’s mining assets and reduce reliance on nickel, with the potential to enhance financial stability and asset value once the project becomes operational, according to analysts.
- AGI eyes higher hotel goals on tourism optimism
ALLIANCE Global Group, Inc. (AGI) is eyeing to increase its hotel room expansion goals, driven by the anticipated growth in Philippine tourism and the privatization of the country’s main airport, the company’s president said. “Originally, we aim 12,000 (hotel) rooms by 2028, 2029. We’re looking now to launch more hotel projects to support the government’s
- Del Monte Pacific widens net loss on ‘unfavorable results’ from US business
LISTED Del Monte Pacific Ltd. (DMPL) widened its attributable net loss to $34.17 million for the first quarter (May-July) of its fiscal year 2025, ending in April, compared with a $13.08 million attributable net loss the prior year, due to “unfavorable results” from its United States business and higher interest expenses. “DMPL reported a net