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Senate to review market share limitations among power gencos

2017-10-18 philstar
MANILA, Philippines — The Senate committee on energy wants to review the market share limitation under the Electric Power Industry Reform Act of 2001 (EPIRA) to reflect the true state and foster competition in the power generation industry, Sen. Sherwin Gatchalian said. (1-0)

First Gen sets partial buyback of $300-M 10-year bonds

2017-10-13 philstar
MANILA, Philippines — Lopez-led First Gen Corp. is partially buying back its 10-year bonds listed at the Singapore Exchange Securities Trading Ltd. (SGX) to bring down its debt level. (16-0)

First Gen pares debt, retires bonds

2017-10-12 business.inquirer.net
First Gen Corp. has retired a portion of the $300 million worth of fixed-rate notes listed on the Singapore Exchange Securities Trading Ltd. (21-0)

EDC investment a ‘vote of confidence’ in Philippines — DOF

2017-10-06 philstar
MANILA, Philippines — The recently concluded P64.5 billion deal between the Energy Development Corp., (EDC) and a consortium of foreign fund managers signifies strong confidence in the path being taken by the Philippine economy, the Department of Finance (DOF) said. (11-0)

EDC takes in new partner

2017-10-03 business.inquirer.net
Energy Development Corp. is primed for “future growth” with the entry of new strategic partner Philippines Renewable Energy Holdings Corp. (PREHC) following the completion of a $1.3-billion tender offer, according to First Gen. Corp. (11-1)

First Gen retains majority voting interest in EDC

2017-10-02 philstar
MANILA, Philippines — Lopez-led First Gen Corp. will still retain a majority voting stake in Energy Development Corp. (EDC) even after its sale of a significant stake in the renewable energy firm to the consortium of investment fund managers under Macquarie Infrastructure and Real Assets (MIRA) and Arran Investment Pte Ltd of Singapore-based GIC. (11-1)

South-east Asia flat to higher, Singapore falls on financials

2017-09-29 themalaymailonline
Singapore shares were South-east Asia's biggest losers, hurt by financials. — Reuters picSINGAPORE, Sept 29 — Most South-east Asian stock markets traded flat to higher today, but were on track to close the week lower on capital outflows as rising possibilities of a US rate hike lifted Treasury yields toward nine-year highs and boosted borrowing costs across the region. (6-2)

PNOC draws up new guidelines for LNG terminal

2017-08-13 philstar
MANILA, Philippines -  State-run Philippine National Oil Co. (PNOC) is drawing up guidelines to receive proposals from the private sector for its planned liquefied natural gas (LNG) terminal. 

Yvonne Orji says TV character and life are quite different

2017-08-08 mercurynews
Yvonne Orji is serious about dating. “I’m not really looking for anything subpar or shallow,” she says in an interview.

First Gen keen on bidding for LNG hub

2017-08-06 philstar
MANILA, Philippines -  Lopez-led First Gen Corp. will pursue the joint development for the planned liquefied natural gas (LNG) terminal after government opened the project to unsolicited bids from the private sector.

PH shares rebound; EDC sizzles

2017-08-04 business.inquirer.net
The local stock barometer rebounded to the 7,900 level on Friday led by geothermal power producer Energy Development Corp. (EDC), which recently attracted a new investor group.

EDC share sale powers index recovery

2017-08-04 philstar
MANILA, Philippines - The stock market recovered yesterday, buoyed by the jump in share prices of the Lopez family’s Energy Development Corp. (EDC) and First Gen Corp. after announcing the sale of a stake in EDC.

PSEi climbs to 7,900 as EDC sizzles

2017-08-04 business.inquirer.net
The local stock barometer rebounded to the 7,900 level on Friday led by geothermal power producer Energy Development Corp. which attracted a new investor group.

S-E Asia stocks mostly up ahead of US non-farm payroll data

2017-08-04 themalaymailonline
The Philippine Stock Exchange PSEI Index rose as much as 1.1 per cent and was headed for a second straight session of gains. — Reuters picSINGAPORE, Aug 4 — Most South-east Asian stock markets edged up today ahead of US non-farm payroll data for July, with Philippine shares leading the rise on the back of gains in Energy Development Corp and its parent company, First Gen Corp.

First Gen sells 31.5% of EDC

2017-08-03 philstar
Lopez-led First Gen Corp. is selling up to 31.5 percent of subsidiary Energy Development Corp. (EDC) to the consortium of investment fund managers managed by Macquarie Infrastructure and Real Assets (MIRA) and Arran Investment Pte Ltd of Singapore-based GIC for P64.5 billion. Photo taken from First Gen Corp. Facebook page

The Philippines shortlists six countries for $2-billion LNG hub

2017-07-21 worldoil
MANILA (Reuters) - The Philippines has shortlisted six countries and will choose one from them as a partner for its planned $2-billion receiving and distribution facility for imported LNG, an official from the state-run energy firm PNOC said on Thursday.

Philippines Shortlists 6 Countries For $2B LNG Hub, To Pick One Partner

2017-07-20 rigzone
MANILA, July 20 (Reuters) - The Philippines has shortlisted six countries and will choose one from them as a partner for its planned $2-billion receiving and distribution facility for imported LNG, an official from the state-run energy firm PNOC said on Thursday.

Black while funny and female: 18 comedic actresses on working in Hollywood - Los Angeles Times

2017-07-20 latimes
Making it in Hollywood is no easy feat, and doing so as a woman is even more difficult. If that woman is black — or Latina or Asian or otherwise nonwhite — the odds just aren’t in her favor.

How exchange rates affect stock market

2017-07-12 business.inquirer.net
It has always been observed that the peso-dollar exchange rate has an inverse relationship with the stock market so that whenever the PSE index rises or falls, the price of dollar in pesos decreases or increases, or vice versa, by end of the day.

Lopez Group brings renewables to schools

2017-06-18 philstar
MANILA, Philippines -  Interesting renewable energy projects and proposals from college students in different schools all over the country are competing in a Lopez Group-supported interschool tilt for the best renewable energy idea or solution for poor, rural communities.

Stock index down ahead of Fed meet

2017-06-13 business.inquirer.net
The local stock barometer pulled back yesterday as domestic investors pocketed gains ahead of the US Federal Reserve’s monetary decision.

PSEi tumbles ahead of Fed decision

2017-06-13 business.inquirer.net
The local stock barometer pulled back on Tuesday as domestic investors pocketed gains ahead of the US Federal Reserve (Fed)’s monetary decision.

First Gen, Unilever partnership: A commitment to sustainable energy

2017-06-11 philstar
MANILA, Philippines -  The Lopez Group’s First Gen Corp. surely walks the talk. Since taking on a bold stance against the use of coal in the Philippines in May last year because of the need to address the impact of climate change in the country and the rest of the world, the Lopez Group has matched this with concrete actions, taking in partners for such initiatives.

Philippines Eyes $2B Storage Facility For LNG Imports

2017-06-08 rigzone
MANILA, June 8 (Reuters) - The Philippines aims to build a $2-billion receiving and distribution facility for imported LNG, as it seeks to replace depleting domestic gas reserves that now produce a fifth of its power, the energy department said.