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NGCP push approval for more ancillary contracts

The National Grid Corporation of the Philippines (NGCP) shared that it has already submitted ancillary services (AS) contracts to be approved by the Energy Regulatory.. ....

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Inter-agency committee: Productivity boost as measure to ease food inflation

Inter-agency committee: Productivity boost as measure to ease food inflation
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SC validates sale of Iligan plant to Alsons subsidiary

The Supreme Court has validated the divestment of the 103-megawatt IIigan diesel power facility to Conal Holdings Corporation (CHC), a subsidiary of the Alcantara-led Alsons Power Corporation.

A recent ruling by the high court upheld the approval granted by the Commission on Audit (COA) on the ....

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ACR plans P2-B CP issuance

Published January 15, 2021, 4:55 PM
Alsons Consolidated Resources, Inc. (ACR) is planning to raise P2 billion from the issuance of commercial papers (CPs) as the first tranche of its new commercial paper program of up to P3.0 billion.
In relation to this, Philippine Rating Services Corporation (PhilRatings) said it has assigned the company with an Issuer Credit Rating of PRS A plus (corp.), with a Stable Outlook.
A company rated PRS A (corp.) has an above-average capacity to meet its financial commitments relative to that of other Philippine corporates.
The company, however, is somewhat more susceptible to adverse changes in circumstances and economic conditions than higher-rated corporates. ....

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