Sembcorp enters Philippine renewable energy race with solar investment

Sembcorp Industries announced on Jan. 31 that it has acquired 100% of the shares in Puente Al Sol for a total of SGD 105 million (about USD 77.6 million), marking its strategic entry into the highly competitive solar energy market in the Philippines. This move is part of Sembcorp’s ongoing expansion in the Southeast Asian […]

Mixed oil price adjustments set Feb. 4

MANILA – Oil firms announced mixed price adjustments effective Tuesday. In separate advisories on Monday, Caltex, Cleanfuel, Petro Gazz, Seaoil, and Shell said gasoline prices would increase by 70 centavos per liter while slashing diesel prices by PHP1.15 per liter.