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Money Matters

Minda’s biggest power firm goes online

Filinvest’s Misamis Power Plant with a combined capacity of 405 MW (3 X 135 MW), now the biggest power plant in Mindanao, has been completed. FDC Misamis Power Corporation (FDC Misamis) announced that the second unit of its 405 MW flagship project have successfully been synchronized to the Mindanao grid, …

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New NGCP substation to strengthen Normin grid

NGCP reached another milestone with the successful energization of its newly upgraded Opol Substation in Misamis Oriental last 20 August 20. The new facility will cater to the power needs of grid-users, specifically in load centers in North Mindanao such as Iligan City and Cagayan de Oro City. Misamis Oriental …

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Iligan seeks revival of steel plant

By Nora Soriño, Iligan City Bureau Chief ILIGAN City – The city is now taking concrete and definite steps to revive the National Steel Corporation. Atty. Voltaire Rovira, city legal officer yesterday said that the National Steel Corporation Working Group had met Thursday and they had discussed the matter. Among …

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OSHDP urges Oro to lessen permits for housing projects

By: Nitz Arancon, Correspondent THE Organization of Socialized and Economic Housing Developers of the Philippines Inc. (OSHDP) has express their concerns over Cagayan de Oro’s long list of government permits that are causing delays in housing projects especially for the Sendong victims of this city. OSHDP assured the typhoon victims …

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Telco recognized for social impact by Fortune Magazine

TOP international business magazine Fortune included Philippine mobile leader Smart Communications in its list of 50 companies around the world that are creating “important social impact”. Smart placed 36th in Fortune’s second “Change the World” list, joining the ranks of global business giants like GlaxoSmithKline, Nike, Coca-Cola, McDonald’s, and Unilever. …

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Telco inks deal with TP-Link to provide services for SMEs

STAR Telecom Alliance Resources, Inc. (STAR, Inc.), the parent company of Philippine smart devices brand Starmobile, has announced that it has officially struck a distribution agreement with international network solutions company TP-LINK. According to STAR, Inc. Chief Operating Officer Jerry Manus, the company will soon provide reliable network devices such …

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Energy firm completes 2 typhoon resilient schools in Bukidnon

FIRST Gen Corporation, the country’s leading clean and renewable energy company, has completed the construction of two new typhoonesilient school buildings for host communities of its planned hydroelectric power plants in Bukidnon. The schools were built as part of the overall school rebuilding program, launched in 2014 under First Gen …

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Synnex to acquire Minacs Group, plans to integrate it with Concentrix

SYNNEX Corporation (NYSE: SNX), and Minacs announced a definitive agreement in which SYNNEX will acquire Minacs and integrate it into its Concentrix business segment. The purchase price is approximately $420 million subject to closing adjustments. This transaction is intended to strengthen domain expertise in Concentrix’ automotive industry vertical and accelerate …

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Power firm experiencing delays in P13-b project

By FROILAN GALLARDO, Special Correspondent MANOLO Fortich, Bukidnon – Construction of the P13-billion twin hydro projects of Hedcor Inc., is being delayed due to geological conditions and continuous rains, company officials said on Tuesday. Gregorio Jabonilla, Hedcor vice president for business development told reporters that the two run-ofiver hydro projects …

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