After the three-day “Welgang Bayan” (People’s Strike) against the Bataan Nuclear Power Plant (BNPP) in June 1985 and the mothballing of the 620-megawatt facility a year later by President Corazon Aquino in the wake of the Chernobyl nuclear disaster in Russia, Julito Velasco thought his fight to defend the environment and the…
The extent of this pandemic and its harrowing impact might have been underestimated when it first hit the country. Most of us likely thought that it won’t be a big deal and we’ll just continue on with our weekend dinners and vacation plans. At Globe, we made the right decision not to take it lightly—we…
AC Energy Corp. (Acen) is boosting its solar energy portfolio by at least 863 megawatts, cuing funds to pursue its own projects while entering into a new partnership to develop other sites. The Ayala group’s power generation unit said its executive committee has approved an expenditure kitty related to a proposed 288-MW new solar project…
From family reunions to work meetings to online classes, our devices’ screens have become a constant companion amid this relentless pandemic. But while a recent study has revealed how much Filipinos now rely on video calls to stay connected to each other, they can’t seem to keep their eyes glued to one activity on their…
Property developer Sta Lucia Land Inc. (SLI) nearly doubled its net profit in the second quarter from the level a year-ago at the height of lockdown restrictions triggered by the coronavirus pandemic. SLI’s April to June net profit hit , up by 98.7 percent from P259.18 million last year, as earnings from residential development and…
DMCI Power Corp. (DPC) has earmarked P3.5 billion to expand a fleet of generators in Masbate and Palawan by a total of 27 megawatts. The Consunji-led off-grid power producer said of that investment kitty, about P2.7 billion would be used to build a coal-fired power plant in Narra, Palawan while P800 million would be spent…
Amid the prolonged and painful COVID-19 pandemic, the name of the game in business is plain survival, of making sure that the enterprise remains viable long enough until the economy finally recovers and gets back on the path of fast growth. “It is not about profit but people. This ensures longevity in the business,” -said…
Leading mass housing developer 8990 Holdings has secured enough land inventory to unlock P201 billion in potential real estate sales across the country in the next seven to 10 years. By next year, 8990 expects revenues and earnings to return to its prepandemic trajectory as the economy rebounds from the havoc created by the prolonged…
DMCI Mining Corp.’s profitability soared during the first semester of the year after recording about a 400-percent increase in its net income to in the same period last year. In a press release, the subsidiary of Consunji-led DMCI Holdings said it was able to ship 1.24 million wet metric tons of nickel ore between January…
Conglomerate Lopez Holdings reversed in the second quarter the net loss it incurred in the same period last year at the peak of pandemic-induced restrictions that choked businesses. Lopez delivered a second quarter net profit of , a turnaround from the net loss of P881 million seen last year. Compared to the first quarter’s net…