Big users tap so­lar, waste-to-en­ergy op­tions

They are among the heav­i­est users of en­ergy—to power shop­ping malls, fac­to­ries or mine sites. They can opt to buy ev­ery­thing from power pro­duc­ers but they now find it sen­si­ble to con­vert free re­sources around them—such as sun­light or agro-in­dus­trial waste—to meet more of their en­ergy re­quire­ments. It’s not a cheap process but the cost…

Turmeric growing at Citicore's solar farm in Clark, Pampanga

Power play­ers bet big on RE tech, in­no­va­tion

The coun­try’s power play­ers are lead­ing the charge into re­new­able en­ergy (RE), rolling out projects to meet grow­ing de­mand while keep­ing an eye on the fu­ture with in­vest­ments in in­no­va­tion and new tech­nolo­gies. These in­dus­try movers in­clude AC En­ergy Corp., which is look­ing at proven so­lu­tions it can de­ploy at scale, and Aboitiz Power Corp.,…

RE play comes to the stock mar­ket

While the coro­n­avirus pan­demic dragged down the do­mes­tic econ­omy to its worst re­ces­sion in his­tory last year, hurt­ing prof­itabil­ity of many com­pa­nies, there was one com­pany that de­fied grav­ity in the stock mar­ket. The main-share Philip­pine Stock Ex­change in­dex (PSEi) shed 8.64 per­cent last year, but the stock price of this com­pany soared by 304…

lottery balls

Rivals-turned-partners Pacific Online and PGMC win P5.8-B lotto deal

The joint venture of Pacific Online Systems Corp. and Philippine Gaming Management Corp. (PGMC) bagged a much-coveted nationwide lottery equipment lease deal with the Philippine Charity Sweepstakes Office (PCSO) valued at P5.8 billion. Pacific Online disclosed to the Philippine Stock Exchange on Monday that its joint venture with PGMC has formally received the notice of…

fiber optic wires

Converge secures P5-B loan from Landbank in bid for nationwide reach

Converge ICT Solutions Inc. sealed a P5-billion loan deal with state-owned Land Bank of the Philippines to fund its nationwide fiber internet rollout. Pampanga-based businessman and Converge CEO Dennis Anthony Uy said on Friday this would also allow the company to expand its presence in “unserved and underserved” areas in the Philippines. According to Converge,…