Brix Lelis

Taguig

Business Reporter at The Philippine Star

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Articles

Fuel price cuts greet motorists today

2 days ago | philstar.com | Brix Lelis

MANILA, Philippines — Oil companies are set to roll back fuel prices today, bringing relief to motorists for the second straight week. In separate advisories, Shell, Caltex and Seaoil announced per-liter price cuts of P0.30 for gasoline, P0.90 for diesel and P1.25 for kerosene. Petro Gazz, Cleanfuel, PTT Philippines and Jetti would implement the same price adjustments, except for kerosene, which they do not carry.
Meralco unit scaling up LNG operations in Singapore

3 days ago | philstar.com | Brix Lelis

MANILA, Philippines — Meralco PowerGen Corp. (MGen), a key force behind the multibillion-dollar power venture in Batangas, is “steadily” scaling up its liquefied natural gas (LNG) operations in Singapore. In a press briefing, MGen president and CEO Emmanuel Rubio said Singapore-based unit PacificLight Power Pte. Ltd. (PLP) is on track to operate a 100-megawatt (MW) fast start generator this quarter.
Blackouts hit Boracay, other Philippine tourist spots

3 days ago | philstar.com | Brix Lelis

MANILA, Philippines — Amid extreme summer heat, Filipinos have expressed their frustration online over power outages in popular tourist destinations like Boracay and Siargao. Last week, Boracay residents and tourists flooded the social media account of Aklan Electric Cooperative Inc. (AKELCO) following a power interruption that lasted for at least 18 hours.
NEA, Spanish firm eyeing Camiguin-Mindanao grid link

4 days ago | philstar.com | Brix Lelis

MANILA, Philippines — The National Electrification Administration (NEA) is partnering with Madrid-based Osprel SL to explore the feasibility of connecting Camiguin Island to the Mindanao grid via submarine cables. Spanish Ambassador Miguel Delgado witnessed the signing of an agreement by NEA administrator Antonio Mariano Almeda and Osprel CEO Maria Inmaculada Blázquez Garcia last Tuesday in Quezon City.
Semirara targets DENR nod on Acacia mine this year

4 days ago | philstar.com | Brix Lelis

MANILA, Philippines — Consunji-led Semirara Mining and Power Corp. (SMPC) aims to secure environmental clearance for its Acacia mine in Antique later this year, paving the way for a P291-billion coal expansion project.
SMC unit pursuing P89 billion hydropower projects

4 days ago | philstar.com | Brix Lelis

MANILA, Philippines — The power arm of tycoon Ramon Ang-led San Miguel Corp. is spending close to P89 billion to build two massive pumped storage hydropower (PSH) projects in Pangasinan and Benguet. San Miguel Global Power Holdings Corp. (SMGP) has proposed the development of the P46.29-billion San Roque West (SRW) PSH and the P42.37-billion San Roque Lower East (SRLE) PSH.
ACEN gets fresh P3 billion loan to fund global projects

5 days ago | philstar.com | Brix Lelis

MANILA, Philippines — Ayala-led ACEN Corp. has sealed a €50-million (about P3.1 billion) credit facility with ING Bank N.V. Manila Branch to reinforce its international expansion. In a disclosure to the Philippine Stock Exchange yesterday, the listed energy arm of the Ayala Group said its subsidiary ACEN International Inc. has finalized the signing of a term loan facility with ING.
Pump prices going down again next week

5 days ago | philstar.com | Brix Lelis

MANILA, Philippines — The upcoming week will see another round of fuel price cuts, with diesel and kerosene expected to drop by over P1 per liter. The Department of Energy (DOE) has signaled potential per-liter price rollbacks of P0.30 to P0.70 for gasoline, P1 to P1.35 for diesel and P1.30 to P1.45 for kerosene. The estimates were based on the four-day trading in the international oil market.
ACEN earns P1.95 billion in Q1

6 days ago | philstar.com | Brix Lelis

MANILA, Philippines — Ayala-led ACEN Corp. saw its earnings decline to P1.95 billion from January to March, weighed down by softer contributions from its domestic operations. The company’s first-quarter net income was 28 percent lower than the P2.7 billion earned in the same period last year, with revenues dropping by 21 percent to P7.8 billion from P9.9 billion.
STT GDC investing $1.56 billion for Quezon City, Cavite data Centers

6 days ago | philstar.com | Brix Lelis

MANILA, Philippines — The data center arm of the Ayala Group has invested up to $1.56 billion for the construction of new data hubs in Metro Manila and Cavite, banking on booming demand for digital infrastructure. Ayala-backed ST Telemedia Global Data Centers (STT GDC) Philippines is on track to operate the 124-megawatt STT Fairview in Quezon City and the six-MW STT Cavite 2 later this year.