Company Overview and News
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)
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)
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)
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 Corp. has retired a portion of the $300 million worth of fixed-rate notes listed on the Singapore Exchange Securities Trading Ltd. (21-0)
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)
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)
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)
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)
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 is serious about dating. “I’m not really looking for anything subpar or shallow,” she says in an interview.
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.
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.
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.
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