Converge ICT Solutions Inc. is accelerating its transformation from pure connectivity provider to full-fledged technology company with the relocation of its corporate and large enterprise arm, the Converge Global Business Group (GBG), to a cutting-edge headquarters at the Asian Century Center in Bonifacio Global City (BGC), Taguig. The shift from the Reliance IT Center in Pasig marks a major milestone …

THE Philippine Competition Commission has approved the acquisition of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex by the Thunder Consortium, Aboitiz Power Corp. (AboitizPower) has announced. The company told the Philippine Stock Exchange (PSE) that it had been informed of the development by subsidiary Aboitiz Renewables Inc., which is a member of the consortium along with Sumitomo Corp. and Electric …

As mindful travel continues to shape the future of tourism, Megaworld Hotels & Resorts (MHR), the largest hotel operator in the Philippines, is embracing the movement with the launch of MEGreen Mindful Stays, which is a unified sustainability stay program designed for today’s rising breed of conscious travelers who seek meaning and positive impact in every journey. “At Megaworld Hotels …

MGEN, through its subsidiary Atimonan One Energy, Inc., plans to develop a 1,200-MW ultra-supercritical pulverized coal-fired power plant in Quezon. By next year, the power generation arm of Manila Electric Co. (Meralco), plans to secure offtake for the capacity of its planned 1,200-megawatt (MW) coal-fired power project in Quezon province. MGEN President and Chief Executive Officer Emmanuel V. Rubio said …

Airstream Renewables Corp., a subsidiary of listed NexGen Energy Corp., is allocating $2.5 billion (P146 billion) to develop onshore wind farms with a total capacity of 1.7 gigawatts (GW). The move follows the award of three wind energy service contracts from the Department of Energy (DoE), NexGen said. The wind projects include a 600-megawatt (MW) Pangasinan wind farm, a 600-MW …

Department of Transportation (DOTr) Acting Secretary Giovanni Lopez instructed Land Transportation Franchising and Regulatory Board (LTFRB) chairman Atty. Vigor Mendoza II to immediately penalize abusive, rude and arrogant drivers of taxis and Transport Network Vehicle Service (TNVS) who cancel bookings or overcharge or refuse to accept passengers during the ongoing holiday rush. Sec. Lopez said they are issuing a memorandum …

The Departments of Tourism (DOT) and Migrant Workers (DMW) have partnered to launch the Investment in Philippine Opportunities for Nation’s Tourism (IPON Tourism) program, which provides returning overseas Filipino workers (OFWs) with opportunities to invest in tourism-related ventures as partners, owners or entrepreneurs. DOT Secretary Christina Garcia Frasco said IPON Tourism would enable OFW to reintegrate while expanding tourism as …

The Metropolitan Manila Development Authority (MMDA) is upgrading its cameras for the no-contact apprehension system by equipping them with speed-detection capability, according to Chairman Don Artes who said most fatal over-speeding incidents occurred late at night. Artes said the agency currently relies on manual speed guns, but engineers are finalizing the integration of speed radars into the MMDA’s AI-powered NCAP …

Baguio City’s famous chilly weather in December has officially arrived, with the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) recently recording a temperature of 13.8 degrees Celsius. Health officials urged the public to dress appropriately such as jackets, sweaters, bonnets and socks and by drinking warm water, tea or soup. They also advised getting enough rest to help prevent …

By DIEGO C. CAGAHASTIAN Governor Eli Remolona Jr. of the Bangko Sentral ng Pilipinas (BSP) tried his hand at financial diplomacy in the international stage, with his plan to make regional financial health a focus for the Association of Southeast Asian Nations (Asean) next year. Remolona said the Bangko Sentral wanted to play an active role in setting Southeast Asia’s …