spot_img
28 C
Philippines
Tuesday, April 16, 2024

Business

Luzon grid faces power outages as 19 plants shut off

The National Grid Corporation of the Philippines (NGCP) announced a red alert status for the Luzon grid Tuesday, warning of possible power outages between 2 p.m. and 4 p.m. and 6 p.m. to 9 p.m. due to outages at 19 power plants. The announcement comes as Metro Manila grapples with scorching heat. Manila Electric Co. (Meralco) is encouraging participants in its Interruptible Load Program (ILP) to utilize their backup generators to...

February remittances grew 3% to $2.65b — BSP

Cash remittances grew for the 37th straight month in February 2024, providing...

CNOOC wins bid to supply LNG cargo to First Gen

First Gen Corp. said Monday it awarded the contract to Chinese supplier...

PMI opens P8.8-b smoke-free facility in Batangas

PMFTC Inc, the local affiliate of Philip Morris International (PMI), on Monday...

LATEST Business

LATEST

PPA awards ICTSI 25-year contract to develop, operate Iloilo port complex

Port operator International Container Terminal Services Inc. (ICTSI) said Monday it received a notice to proceed from the Philippine Ports Authority (PPA) to develop...

DOE opens new emergency center, mobile energy system

The Department of Energy (DOE) on Monday inaugurated the Energy Sector Emergency Operations Center (ESEOC) and the Mobile Energy System (MES) to address the...

CREC gets P20-b RCBC loan for solar projects

Citicore Renewable Energy Corp. (CREC) said Monday it secured a financing arrangement with Rizal Commercial Banking Corp. (RCBC) for up to P20 billion for...

PCSO’s revenues surged to record P61.45b in 2023

The Philippine Charity Sweepstakes Office (PCSO) said Monday it posted a banner year in 2023, with total gaming revenues reaching a record P61.45 billion. PCSO...

PRINT EDITION

ADVERTISEMENT

spot_img