First Gen Unit to Provide Natural Gas Supply to Meralco

A unit of First Gen Corporation has made an agreement with Meralco to supply baseload power from its power plant in San Gabriel, Batangas. First NatGas Power Corporation made a power supply agreement (PSA) with Meralco for the purchase and sale of roughly 414-megawatt baseload...

Petron Profit Rises 30% to P14.1B in 2017

Petron Corporation, recorded a thirty percent hike in its net income during 2017, accumulated from the strong sales locally and internationally. The Petron Corp. collected 14.1 billion pesos for its net income last year which is higher compared to the accumulated net profit of...

BSP: FDI Hit 10.05 Billion Dollar Record in 2017

The foreign direct investment (FDI) net inflow hit a high record of 10.05 billion US dollars last year, which is higher by 21.4 percent compared to the record in 2016, following the positive sentiment of investors in the midst of the Philippines’ healthy macroeconomic prospects,...

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