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Corporate

11 April 2021

  • Meralco hikes rates in April as spot market prices rise
    Power rates for April rose by P0.0872 per kilowatt hour (kWh) to P8.4067 kWh, from last month’s P8.3195, which is equivalent to an increase of around P17 in the total bill of residential customers consuming 200 kWh, the Manila Electric Co. (Meralco) reported Thursday. Meralco said the rates reflect higher generation charge and spot market […]
  • Max’s suffers P700-million loss in 2020 due to restrictions
    Max’s Group Inc., the casual dining restaurant operator, said it had a net loss of P700 million last year from the previous year’s income of P724.22 million, as the pandemic affected most of its operations despite the easing of lockdown measures. The company recorded total systemwide sales of P10.85 billion generated by both company-owned and […]
  • AirAsia, group to revive Cebu tourism sector
    AirAsia on Wednesday announced its partnership with the Hotel Resort and Restaurant Association of Cebu Inc. (HRRACI) to help revive Cebu’s tourism sector and restore confidence in air travel. HRRACI is a nonprofit, nongovernment organization that provides an avenue for strategic partnerships among its member companies, associates, schools, and other stakeholders with the common goal […]
  • Apple reveals line of attack in app store trial against Epic
    Apple Inc. plans to argue at a trial that developers and consumers will suffer if Epic Games Inc. succeeds in upending how the iPhone maker’s app marketplace is run. Apple presented a California federal judge on Thursday with a road map of how it will push back against Epic in a high-stakes antitrust fight over […]
  • DOE, HTI to explore hydrogen as energy source
    The Department of Energy (DOE) has signed a Memorandum of Understanding (MOU) with Tokyo-based Hydrogen Technology Inc. (HTI) to explore the use of hydrogen as a fuel for power generation in the Philippines. DOE Secretary Alfonso G. Cusi said the MOU would fast-track the research and development (R&D) activities for hydrogen. He hopes that HTI […]

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