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First Gen posts flat earnings

2018-03-16 bworldonline
FIRST Gen Corp. reported “flat earnings growth” for 2017, at $163 million, as the natural calamities that struck Leyte last year hit the performance of its geothermal and hydroelectric plants in the area. (7-0)

Over 40 years of powering a future of infinite possibilities

A nation whose progress is backed by strong, steady, clean and sustainable power—that is the vision of Energy Development Corporation, the Philippines’ leading renewable energy company. (6-1)

EDC 2017 profit slips by 4% to P8.8B

Energy Development Corp. posted a recurring net income of P8.8 billion in 2017, down 4 percent from 2016 mainly due to calamities that hit Leyte where the company’s geothermal facilities are located. (6-1)

EDC profit declines 4% in 2017

2018-03-01 bworldonline
ENERGY DEVELOPMENT Corp. (EDC) posted a net income of P8.8 billion in 2017, down 4% from the previous year, after the twin impact of the typhoon and earthquake that hit Leyte island, the Lopez-led company told the stock exchange. (6-0)

Less reliance on coal in power sector seen

CEBU CITY—The electricity industry is approaching the threshold of transition into the dominance of renewable energy resources, under which there is “not much need for many new plants” especially coal-fired ones, according to the top official of First Philippine Holdings Corp. (8-1)

FPH chief hits banks for supporting coal plants

2018-02-22 bworldonline
CEBU CITY — Local banks continue to extend loans to new coal-fired power plant projects despite the Philippines being directly hit by climate change, the chairman of Lopez-led First Philippine Holdings Corp. (FPH) said. (7-0)

No change in PSE index; sectors undergo revamp

2018-02-12 bworldonline
THE 30-MEMBER Philippine Stock Exchange index (PSEi) will remain unchanged, according to the bourse’s latest review covering full year 2017. (13-0)

PSEi remains sluggish

The local stock barometer slipped on Monday as investors remained cautious following the recent global market turbulence. (23-0)

Cusi pushes energy resiliency policy

2018-01-31 philstar
MANILA, Philippines — Energy Secretary Alfonso Cusi said the implementation of an energy resiliency policy is critical in securing power supply, particularly in Albay province which was directly affected by Mayon Volcano’s eruption. (10-0)

Of 91 Utilities, 24 Pay 'Safer' Dividends To January 2019

2018-01-31 seekingalpha
Top "safer" dividend Utility by net gain, PEGI, showed 24.46% as of 1/26/18 per broker targets, while nine trailing averaged 7.36%. (11-1)

Subhlabh Fiscal Services sells 13.62 lakh shares of Energy Development Company

2018-01-16 moneycontrol
On January 15, 2018 Jain Dharmendra bought 2,55,000 shares of Energy Development Company at Rs 32 on the NSE. (6-0)

FDIs close in on 2017 goal with Oct. surge

2018-01-10 bworldonline
NET foreign direct investment (FDIs) flows to the Philippines soared in October, logging the biggest amount in one-and-a-half years that brought the official 2017 target within reach. (6-0)

Phinma to withdraw case against PSALM

2018-01-02 bworldonline
PHINMA ENERGY Corp. is withdrawing a case it filed against state-led Power Sector Assets and Liabilities Management Corp. (PSALM) in September last year involving an administration agreement over a 40-megawatt (MW) geothermal plant in Leyte. (6-0)

Tax hike seen making PH equities uncompetitive

The insertion of a 20-percent increase in the stock transaction tax in the Tax Reform for Acceleration and Inclusion (TRAIN) program in Congress is seen to yield P1.7 billion in additional revenue yearly but the Philippine Stock Exchange is worried this will make local equities less competitive versus regional peers. (15-0)

Higher taxes seen to make PSE less competitive

2017-12-14 bworldonline
FOREIGN INVESTORS may lose their interest in the Philippine Stock Exchange (PSE) once it raises stock transaction taxes (STT) in 2018 as part of the first package of the government’s tax reform program due for implementation in the first quarter. (16-0)