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Brix Lelis
Brix Lelis
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PXP on lookout for new oil, gas finds
by Brix Lelis - April 25, 2025 - 12:00am
 Pangilinan-led PXP Energy Corp. continues to be on the lookout for new investment opportunities in the country’s upstream sector despite persistent challenges.
MVP: Meralco finding ways to bring down power costs
by Brix Lelis - April 25, 2025 - 12:00am
Power utility giant Manila Electric Co. remains dedicated to lowering power prices in its franchise area, which comprises Metro Manila and nearby provinces, Meralco chairman and CEO Manuel V. Pangilinan said ye...
Landbank extends P1.3 billion loan for Isabela feed mill
by Brix Lelis - April 24, 2025 - 12:00am
State-run Land Bank of the Philippines is extending a P1.3-billion financing to Sagittarian Agricultural Philippines Inc. to partially fund a 15-hectare feed mill facility in Isabela.
DA revives LDAG to stabilize livestock sector
by Brix Lelis - April 24, 2025 - 12:00am
The Department of Agriculture has reactivated the Inter-Agency Livestock Data Analytics Group to ensure market stability across the pork, chicken, egg and dairy sectors.
ACEN eyes up to P30 billion from stock rights offer
by Brix Lelis - April 24, 2025 - 12:00am
Ayala-led ACEN Corp. is returning to the capital market this year to raise up to P30 billion in fresh funds to further beef up its growth and expansion.
DOE clears MGen’s 1,273-MW coal plants
by Brix Lelis - April 23, 2025 - 12:00am
Pangilinan-led Meralco PowerGen Corp. (MGen) has secured confirmation from the Department of Energy (DOE) exempting its two coal-fired power plants from the existing coal moratorium.
AboitizPower starts work on battery storage project
by Brix Lelis - April 23, 2025 - 12:00am
Aboitiz Power Corp., through Therma Marine Inc. (TMI), has broken ground on its 48-megawatt (MW) hybrid battery energy storage system (BESS) in Nasipit, Agusan del Norte.
SPNEC signs largest Philippines financing deal
by Brix Lelis - April 23, 2025 - 12:00am
SP New Energy Corp. (SPNEC) of tycoon Manuel V. Pangilinan has sealed a P150-billion syndicated loan – the largest in the Philippines – to bankroll the construction of MTerra Solar in Central Luzon....
PetroEnergy profit triples on RE boost
by Brix Lelis - April 22, 2025 - 12:00am
Yuchengco-led PetroEnergy Resources Corp.  saw a threefold increase in earnings last year, driven by higher contributions from the green energy business.
Fuel prices up by over P1 per liter
by Brix Lelis - April 22, 2025 - 12:00am
Starting today, pump prices of petroleum products are set to increase by over P1 per liter, as concerns over global supply escalate.
Meralco sees power sales heating up in 2nd quarter
by Brix Lelis - April 21, 2025 - 12:00am
Pangilinan-led Manila Electric Co. (Meralco) expects its energy sales to heat up in the second quarter, fueled by midterm election activity and a positive economic outlook.
Vietnamese firm building P893 million solar farm in Bataan
by Brix Lelis - April 20, 2025 - 12:00am
Vietnam-based CN Green Roof Asia has broken ground on its P893-million solar project in Hermosa, Bataan.
Fuel price hike seen this week
by Brix Lelis - April 20, 2025 - 12:00am
Following recent rollbacks, pump prices of petroleum products are expected to increase this week amid concerns over global supplies.
NGCP: Transmission costs up in April consumer bills
by Brix Lelis - April 16, 2025 - 12:00am
Transmission charges will increase this month due to a spike in the cost of critical power reserves, according to the National Grid Corp. of the Philippines.
ACEN powers Australia expansion with P27 billion financing deal
by Brix Lelis - April 16, 2025 - 12:00am
Ayala-led ACEN Corp. has secured about P27 billion (750 million Australian dollars) in debt financing from a consortium of international lenders to further strengthen its presence in Australia.
Marcos signs law extending Meralco franchise
by Brix Lelis - April 16, 2025 - 12:00am
President Marcos has extended Manila Electric Co. franchise for another 25 years, allowing it to continue operating power distribution systems in Metro Manila and nearby provinces until 2053.
ERC defers approval of NGCP power supply deals
by Brix Lelis - April 15, 2025 - 12:00am
Despite surging power demand driven by the summer heat, the Energy Regulatory Commission has pushed back its decision on the grid operator’s critical backup power contracts.
Gasoline prices down by P3.60/liter
by Brix Lelis - April 15, 2025 - 12:00am
Motorists can breathe a sigh of relief this Holy Week as fuel prices are set to drop by as much as P3.60 per liter today.
MVP brings French firm to fuel Philippines nuclear push
by Brix Lelis - April 14, 2025 - 12:00am
Tycoon Manuel V. Pangilinan is joining forces with French state-run power giant Electricité de France SA (EDF) to unlock the potential of nuclear energy in the Philippines.
Vivant Water gets 25-year supply deal for Metro Cebu
by Brix Lelis - April 13, 2025 - 12:00am
Vivant Hydrocore Holdings Inc. has forged a 25-year joint venture deal with the Metropolitan Cebu Water District for water supply in the main urban center in Central Visayas.
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