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Headline News

PNOC receives more offers for $2-B LNG terminal project

2018-01-04 philstar
MANILA, Philippines — New offers were submitted by First Gen Corp., Energy World Corp., PT. Jaya Samudra Karunia, and PT PGN LNG Indonesia/PT Bosowa Corporindo with their local partner MOF Corp., PNOC spokesperson Ryan Tanjutco said. (1-2)

First Gen brings solar power to far-flung school in Tanay

2017-12-03 philstar
MANILA, Philippines — Lopez-led First Gen Corp. has helped address the electricity needs of a remote and off-grid public school in Tanay, Rizal, by providing the school a solar plus battery photovoltaic system. (1-0)

First Gen nets 4% less in 7 months

2017-11-14 philstar
MANILA, Philippines — First Gen Corp. registered a four percent drop in its nine-month net income ending September, pulled down by the losses incurred by one of its gas-fired power plants and the impact of an earthquake on its geothermal plant in Leyte. (7-0)

Lopez-led First Gen Q3 profit declines

2017-11-13 bworldonline
FIRST GEN Corp. posted $42.81 million in third-quarter net income attributable to equity holders of the parent firm, down 29% from $60.68 million in the same period last year, the Lopez-led company told the stock exchange. (7-0)

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. (1-1)

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

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

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.