Semirara slashes capex to P1.9B 

Semirara Mining and Power Corp. (SMPC) is scaling down capital spending by 68 percent this year as it puts major purchases on hold amid lingering uncertainties over its coal contract. Semirara said that its capital expenditures (capex) might drop to around P1.9 billion from last year’s P5.9 billion.  READ: Semirara sets P6.9-B capex for 2025