Integrated energy company Semirara Mining and Power Corporation (SMPC) reported a net income of P4.4 billion for the first quarter of 2025, a 33-percent decline from P6.5 billion last year, on improved power segment performance amid continued normalization of coal selling prices. “We navigated the softer energy market through improved power generation ...

Power utility giant Manila Electric Company (Meralco) has signed a strategic cooperation agreement with France’s state-owned Électricité de France SA (EDF) to explore the deployment of nuclear energy in the Philippines, an initiative aimed at bolstering long-term energy security. EDF will provide Meralco with technical support and strategic guidance in...

GPCCI and German Embassy’s Sustainability Forum brings climate action to the forefront. MANILA, Philippines – On 31 January 2025, the German-Philippine Chamber of Commerce and Industry (GPCCI), in collaboration with the German Embassy in Manila, successfully hosted the Sustainability Forum 2025: The Green Economies of Tomorrow. A significant gatheri...

One of the world’s largest integrated energy and chemicals companies, Aramco, is re-entering the Philippine market by acquiring a 25 percent stake in Unioil Petroleum Philippines, Inc. The companies announced Wednesday that they signed an agreement for the partnership, led by Aramco Asia Singapore managing director Fai Aldossary and Unioil chief execut...

The Climate Change Commission (CCC) has reaffirmed the Philippines’ dedication to climate action through green economic pathways. In a news release on Friday, the CCC said the '2025 Sustainability Forum: The Green Economies of Tomorrow' held on Jan. 31 gathered key figures from the government, business, and international organizations to fast-track the...

President Ferdinand R. Marcos Jr. has signed into law a measure establishing a framework for the development of the country’s natural gas industry. Marcos signed Republic Act (RA) 12120 or the Philippine Natural Gas Industry Development Act on Jan. 8, a copy of which was uploaded to the Official Gazette on Tuesday. The new law seeks to establish the...

Emirati state-owned company Masdar has formalized its investment plans worth USD15 billion in the Philippines’ renewable energy (RE) sector by signing an Implementation Agreement with the Department of Energy (DOE). The DOE announced Thursday that Undersecretary Rowena Guevara and Masdar chief executive officer Mohamed Jameel Al Ramahi signed the Imple...

August 9 marked the celebration of the International Day of the World’s Indigenous Peoples. In conjunction with this observance, Taganito HPAL Nickel Corporation also honored the rich cultural heritage and foundational contributions of our ancestors, represented by our Indigenous Peoples. The event emphasized the statement, “I’m a proud member of the I...

Geophysics has evolved into a leading discipline, providing invaluable insights in geotechnical, civil and mining engineering.  Leading Geologist Tom Grace sheds light on the benefit of geophysical methods applied to engineering including geotechnical, civil, mining and water. His aim is to build an appreciation for geophysics and highlight the potent...

The Consunji Group announced Tuesday that it now owns nearly 90 percent of cement manufacturer CEMEX Holdings Philippines (CHP) after closing the deal on Dec. 2. Through its companies DMCI Holdings, Semirara Mining and Power Corp. (SMPC), and Dacon Corp., the Consjunji Group completed the acquisition of Cemex Asian South East Corp. (Casec)—CHP’s parent...

The Canadian and Philippine governments are expected to launch an exploratory dialogue on a bilateral free trade agreement (FTA) in early 2025. Canadian Minister of Export Promotion, International Trade and Economic Development Mary Ng made the announcement during a plenary session in Taguig City for the visiting Canadian trade mission to the Philippin...

The Philippines and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MOU) to deepen energy transition cooperation. The MOU was one of the key agreements reached at the meeting between President Ferdinand R. Marcos Jr. and UAE President Mohammed bin Zayed Al Nahyan during Marcos' working visit to the Gulf state last Nov.26. I...

The Philippines and New Zealand signed a joint declaration and areas of cooperation on climate change on November 19 as a demonstration of the two countries’ commitment to the goals of the Paris Agreement and the transition to a low-emissions economy. Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo Loyzaga and New Ze...

By Wei Wei, Product Manager, and Ricky Chua, Sales Manager, Fluke Calibration, Fluke South East Asia Pte Ltd Calibration plays a pivotal role in the mining industry, ensuring safety, enhanced productivity, and adherence to regulatory compliance standards. As the Philippines mining sector strives to meet increasing demands, accurate calibration of equip...

London-based investment house Actis formalized its USD600 million investments in the Philippines for the development of the country’s largest single-site solar power project. Manila Electric Corp. (Meralco) and SP New Energy Corp (SPNEC) signed an agreement with Actis at Meralco’s headquarters in Pasig City Friday for the Terra Solar project, the large...

In observation of the celebration of 2024 Philippine Environment Month, the Mines and Geosciences Bureau (MGB) Central Office (CO) participated in a coastal cleanup for World Ocean's Day at BASECO Aplaya, Port Area, Manila on June 07, 2024. With the theme: "Awaken New Depths,” the simultaneous nationwide coastal cleanup saw the collaboration of 14,000 ...