Jed Macapagal

Manila

Business Reporter at Malaya Business Insight

Featured in: Favicon

malaya.com.ph Favicon

tfa.ph

Articles

First Gen, PSE renew 5.1 MW green energy supply deal

1 week ago | malaya.com.ph | Jed Macapagal

First Gen Corp. said it has renewed its green energy supply deal with the Philippine Stock Exchange at One Bonifacio High Street Condominium Corp. (PSE-OBHS). In a statement on Thursday, First Gen said its renewable energy (RE) supply to the PSE will come from a power plant in Leyte owned and operated by Energy Development Corp., which is a subsidiary of First Gen. PSE-OBHS manages the Philippine Stock Exchange Tower in Bonifacio Global City, Taguig.
ACEN Q1 net income down 28% on lower output, WESM price

1 week ago | malaya.com.ph | Jed Macapagal

Renewable energy exponent ACEN Corporation posted a 28 percent drop in consolidated net income to P1.95 billion for the first quarter of the year, compared with P2.72 billion in the year-earlier period. In a statement on Thursday, the company said the lower income resulted from the decrease in generation and lower prices on the Wholesale Electricity Spot Market in the Philippines.
OceanaGold Q1 net income drops 35.7% on lower Didipio mine output

1 week ago | malaya.com.ph | Jed Macapagal

Publicly listed OceanaGold (Philippines) Inc. booked a 35.7-percent slump in net income for the first quarter of 2025 from a year earlier, the mining company said on Thursday. It said its net income fell to $7.4 million in the January-March quarter from $11.5 million in the year-earlier period. Revenues declined 13.9 percent to $79.3 million from $92.1 million in the first quarter of 2024. Gold output dropped 22 percent to 20,600 ounces from 26,300 ounces.
Q1 agri output value grows 1.9% to P437.7B

1 week ago | malaya.com.ph | Jed Macapagal

The Philippines’ agriculture and fisheries production value grew 1.9 percent in the first quarter of 2025 on the back of improved output in crops, poultry and fisheries, the Philippine Statistics Authority (PSA) reported. Data released by the PSA on Wednesday showed that at constant 2018 prices, the growth rate indicated that the agriculture sector’s total production value rose to P437.74 billion in the first three months of the year.
Spot power market see slower May billing rates

1 week ago | malaya.com.ph | Jed Macapagal

The Independent Electricity Market Operator of the Philippines (IEMOP) said it is optimistic that ample supply will cause power rates on the spot market to drop to P4 to P5 per kilowatt hour (kWh) this month. In a virtual briefing on Tuesday, Isidro Cacho Jr., IEMOP head of trading operations, said the country has an “ample” energy supply, which is likely to allow spot market prices to be in the same range as last month, if not lower.
Land Bank partners with Isabela rice farm cooperative - Malaya Business Insight

1 week ago | malaya.com.ph | Jed Macapagal

The Land Bank of the Philippines said it has partnered with the Unified Tiller Agriculture Cooperative (UTAC) to help boost rice production and protect farmers from rising input costs. UTAC is a cooperative based in Cagayan, Isabela, focused on enhancing agricultural productivity, promoting sustainable farming practices and providing members with the resources and support they need.
Petron Q1 net income up 2.5% at P4B, fueled by domestic sales

1 week ago | malaya.com.ph | Jed Macapagal

Petron Corporation’s net income increased 2.5 percent to P4.03 billion in the first quarter of 2025 from P3.93 billion a year earlier. In a statement on Tuesday, the publicly listed company said its performance was driven by 14 percent growth in the domestic market, boosted by its strategy to attract motorists with offerings.
FUEL PRICE ROLLBACK

1 week ago | malaya.com.ph | Jed Macapagal

Petroleum retailers imposed a per-liter fuel price rollback effective today, Tuesday, with gasoline prices dropping by P0.55 per liter, diesel by P0.65, and kerosene by P0.90. Prior to this rollback, pump prices went up for two consecutive weeks, resulting in a total per-liter increase of P2.70 for gasoline, P1.90 for diesel, and P2 for kerosene. An independent retailer said global crude prices declined as the ongoing international trade war “eroded” the outlook for fuel demand.
DA lifts ban on processed pork imports from SKorea

1 week ago | malaya.com.ph | Jed Macapagal

THE Department of Agriculture (DA) has lifted a temporary ban on the importation of processed pork products from South Korea after a comprehensive risk assessment and scientific validation of safety protocols against African Swine Fever (ASF) found them safe. The DA said in a statement on Monday that the decision was outlined under Memorandum Order No. 23 issued by Agriculture Secretary Francisco Tiu Laurel Jr. on May 2, 2025, but which was only recently publicized.
OceanaGold renews gold buying agreement with BSP

1 week ago | malaya.com.ph | Jed Macapagal

LISTED mining company OceanaGold (Philippines) Inc. (OGP) said it has renewed a gold buying agreement with the Bangko Sentral ng Pilipinas (BSP) for another three years. The company said in a statement on Monday under the renewed agreement which will run from March 2025 to March 2028, OGP will continue to offer for purchase by the BSP no less than 25 percent of its annual gold doré production. Doré is an alloy or solid mixture of gold and other metals like silver.