Lisbet Esmael

4 days ago | plus.inquirer.net | Lisbet Esmael

Oil companies are expected to slash the prices of fuel products for a second straight week, estimates from industry players showed. Jetti Petroleum president Leo Bellas said on Saturday that the per-liter price of diesel may decrease by 80 centavos to P1. Gasoline may also see a price cut ranging from 20 centavos to 40 centavos per liter. Rodela Romero, assistant director of the Department of Energy (DOE)-Oil Industry Management Bureau, also predicted downward adjustments in pump prices.

5 days ago | business.inquirer.net | Lisbet Esmael

MANILA, Philippines — Manila Electric Co. (Meralco), the country’s largest power distributor, will be “on full alert” to ensure uninterrupted electricity supply during the nationwide elections on May 12, Monday. In a statement on Saturday, the company said its personnel and crews were on call to immediately address any power issues in its franchise area.

5 days ago | business.inquirer.net | Lisbet Esmael

MANILA, Philippines — Manila Water Company Inc. recorded a 14-percent rise in earnings in the first quarter, driven by higher revenues. In a disclosure on Friday, the Razon-led group said its net income in the period reached P3.56 billion. The bottom line was P3.12 billion a year ago. Article continues after this advertisement Also, its top line jumped by 8 percent to P9.54 billion. Revenues were P8.81 billion in the same period last year.

5 days ago | plus.inquirer.net | Lisbet Esmael

Manila Water Company Inc. recorded a 14-percent rise in earnings in the first quarter, driven by higher revenues. In a disclosure on Friday, the Razon-led group said its net income in the period reached P3.56 billion. The bottom line was P3.12 billion a year ago. Also, its top line jumped by 8 percent to P9.54 billion. Revenues were P8.81 billion in the same period last year. Revenues from water and used water services alone reached P9.145 billion, up 11.7 percent from P8.18 billion.

5 days ago | plus.inquirer.net | Lisbet Esmael

ACEN Corp. has obtained new funds amounting to 50 million euros to fuel its expansion in the renewable energy space. The company said in a disclosure its subsidiary ACEN International, Inc. sealed a loan agreement with the Manila Branch of The Netherlands-based ING Bank, NV. “[The funds will] be used to finance and/or refinance investment in and/or advances to existing and future renewable energy projects through its subsidiaries and joint ventures, and for general corporate purposes,” it said.