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AboitizPower inks deal to lead Philippines-Japan consortium
Aboitiz Power Corp. is leading a consortium of Filipino and Japanese companies to explore innovations in the field of renewable energy......»»
ACEN inks power purchase deal with Australian firm
A subsidiary of Ayala-led ACEN Corp. and SmartestEnergy Australia have signed an eight-year power purchase agreement to offtake renewable electricity generated from its solar project......»»
Vita Coco cements partnership with Philippines in new deal with Century Pacific
Philippine company Century Pacific Food inks a new long-term deal with Vita Coco to help fill the US firm's need for 90 million liters of coconut water over the next five years, as more consumers shift to 'healthier' drinks.....»»
PNP inks deal to bolster legal aid for cops
The Philippine National Police has signed an agreement with the Public Safety Mutual Benefit Fund Inc. to boost legal support for PNP personnel......»»
JICA leads project to reprocess food waste
The local government of Mandaue, Cebu is working with the Japan International Cooperation Agency and two Japanese firms for a feasibility study to convert food waste to energy, soil conditioner or animal feeds to promote a circular economy and fight climate change......»»
Xinhua world economic news summary at 0900 GMT, Jan. 31
TOKYO -- Tokyo stocks closed higher on Wednesday, as investors took an optimistic attitude for the domestic earnings season over positive results reported by Japanese firms. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average ended up 220.85 points, or 0.61 percent, from Tuesday to close the day at 36,286.71. The broader Topix index, meanwhile, finished 24.17 points, or 0.96 percent,.....»»
Manila Water unit inks Cebu supply deal
A wholly owned subsidiary of Manila Water Co. Inc. has signed a supply contract with the Metropolitan Cebu Water District......»»
Rising Indie OPM band Brando Bal inks deal with Warner Music Philippines
Manila, Philippines — Brando Bal, an up-and-coming indie OPM band, officially sealed an exclusive music distribution contract with Warner Music Philippines on Friday, January 12th, 2024. The contract signing took place at the Warner Music Philippines Office in BGC, Taguig City, marking a significant milestone in the band’s promising musical journey. Present at the contract […].....»»
Spoelstra inks contract extension deal with Miami Heat
MIAMI — Erik Spoelstra and the Miami Heat have agreed on a contract extension, ensuring that the longest-tenured coach in franchise history only keeps adding to his team records for many years to come. Spoelstra signed an eight-year extension worth around $120 million — the largest contract in NBA history in terms of total value.....»»
FNI inks deal with Baosteel
Two subsidiaries of listed Global Ferronickel Holdings Inc. have signed an agreement with Chinese firm Baosteel Resources International Co., Ltd. (Baosteel) for the supply of up to 1.5 million wet metric tons of nickel ore......»»
Philippines inks deal with US firm for AI-powered weather forecasting system
The Philippines has entered into a partnership with an artificial intelligence meteorology firm to enhance the country’s resilience against climate change through the development of a high-resolution weather forecasting system......»»
Holcim inks power deal with Berde Renewables
Holcim Philippines has moved another step toward sustainability by signing a power purchase agreement with Berde Renewables, a distributed energy platform of I Squared Capital......»»
Japan aid bolsters fight vs pandemic
Japanese Minister for Economic Affairs Nihei Daisuke graces the turnover ceremony for the Department of Health Program for Covid-19 Crisis Response Emergency Support. The event was led by DoH Secretary Teodoro Herbosa, and was attended by esteemed guests including JICA Philippines Representative Sakamoto Takema and other DoH officials. Japan is among those that provided various assistance to effectively deal with the pandemic. Among the notable contributions is a grant totaling approximately 700 million Japanese yen, or P260 million, dedicated to bolstering the Philippines’ cold chain management and logistics. This includes the procurement of essential resources, such as 8 refrigerated vans, 17 delivery vans, 17 pick-up trucks, 18 wing van trucks, 500 biothermal packaging systems, and 140 ice pack freezers. This support was designed to fortify the country’s capacity to effectively respond to existing and future health crises. Overall, Japan has provided over $100 billion comprehensive Covid-19 support to the Philippines, ranging from vaccines, medicines, equipment, technical assistance, budgetary support, food, and livelihood, among others. The post Japan aid bolsters fight vs pandemic appeared first on Daily Tribune......»»
Christiane Benner, first woman to lead Germany’s biggest union
Christiane Benner will become the first woman to lead Germany's biggest union when she takes the helm at IG Metall next week. But the milestone comes as the once mighty industrial sector battles a series of crises. Soaring energy costs due to Russia's war in Ukraine, high inflation, and weaker demand from key trade partner China have culminated in a manufacturing slump that has raised fears about Germany's future as an industrial powerhouse and export champion. Benner's appointment is set to be confirmed at an IG Metall congress on Monday. As she prepares to go to bat for IG Metall's more than two million members in sectors including the automotive, machine tool, and electrical industries, Benner is clear about her priorities. "The most important thing is keeping industry in Germany and Europe," she told AFP in an interview in her Frankfurt office. Asked why it took so long for IG Metall, founded in 1949, to install a woman at the top, Benner chuckled. "Ask the men!" smiled the bespectacled 55-year-old. Benner has been a member of IG Metall since her early 20s after starting work as a foreign-language secretary at a mechanical engineering firm. After taking time out to study sociology, she rose through the ranks at IG Metall and became the union's vice president in 2015. Eighty percent of IG Metall's members are men. Deindustrialization fears A work and study stint in the United States in the 1990s opened her eyes to the "weakness" of American unions, Benner recalled. The contrast with Germany was stark, where the model of co-determination gives labor representatives a significant say in workplace decisions. As Germany's most powerful trade union and the largest in Europe, Benner is well aware of IG Metall's influence. "We're strong," she said. IG Metall flexed its muscles last year and won an 8.5-percent wage increase over two years to help compensate for inflation, a benchmark deal covering around four million workers across several sectors. Even more daunting challenges lie ahead, as Germany's long-vaunted economic model is called into question and an end-of-year recession looms. Companies in Germany's energy-intensive industries are already weighing whether to shift production to cheaper shores, a problem compounded by the lure of US green subsidies through Washington's Inflation Reduction Act, Benner said. "We're seeing a creeping dismantling of industry and jobs," she warned. To prevent a dreaded "deindustrialization" of Europe's biggest economy, Benner is in favor of discounted electricity prices for industrial firms. The proposed subsidy has been a topic of fierce debate within Germany's coalition government in recent months. But Chancellor Olaf Scholz, who like Benner is a member of the center-left Social Democrats, has yet to back the idea, fearing it could slow the transition towards renewable energies. Retaining talent Adding to Germany's woes are long-running structural problems such as a shortage of skilled workers in an aging country, and foot-dragging on digitization. More than 2.6 million young adults in Germany under the age of 35 have no vocational qualification, despite a growing need for highly qualified employees as new technologies transform businesses. IG Metall was working hard to increase the number of apprenticeships and make on-the-job training more attractive, Benner said. Hoping to make heavy industry a more appealing career choice, Benner also advocates a better work-life balance and supports a four-day workweek for those who want it. She also wants to narrow the gender pay gap in a country where men still earn seven percent more than women doing the same job. But first up on her to-do list will be next month's wage negotiations with steel bosses. Benner will be pushing for a similar 8.5-percent salary bump for the sector and a reduction in working hours from 35 to 32 hours a week, without loss of pay. The post Christiane Benner, first woman to lead Germany’s biggest union appeared first on Daily Tribune......»»
Cebu Pacific inks deal to buy sustainable fuel
Low-cost carrier Cebu Pacific has signed a five-year deal with an oil refiner based in Finland for the possible purchase and supply of sustainable aviation fuel......»»
Jeron Teng inks 2-year deal with San Miguel
Jeron Teng has followed his father Alvin's footsteps and signed with the San Miguel Beermen, his agent Danny Espiritu said......»»
MUFG, Cebu Pacific close $123 million financing deal
Tokyo-based MUFG Bank Ltd. has closed a 12-year, $123 million Japanese operating lease, with call option financing, with Gokongwei-owned low cost carrier Cebu Pacific......»»
Uy inks debt-restructuring deal with Chinabank
PH Resorts Group Holdings Inc, the listed tourism and gaming company of Davao-based tycoon Dennis Uy, has been given a new lease on life after signing a debt restructuring arrangement with Sy-led China Banking Corp. and finding a potential white knight for its $600 million Emerald Bay casino resort in Cebu......»»
Business confidence up among Japan’s big manufacturers
Confidence among Japan's largest manufacturers rose as business conditions improved for the second-straight quarter, a key survey showed Monday. The Bank of Japan's closely watched quarterly Tankan survey is considered the broadest indicator of how Japanese businesses are faring. It reports the difference between the percentage of firms that are upbeat and those that see conditions as unfavorable. A positive figure means more businesses feel optimistic than pessimistic. Among major manufacturers, business confidence rose to plus nine from plus five three months earlier, the survey showed. The headline figure -- the highest level since June last year -- came after the first improvement in seven quarters in July, and beat market expectations of plus six. Optimism also grew among non-manufacturers, from plus 23 to plus 27, which was the sixth-straight quarterly improvement and the highest level since November 1991 and against market expectations of plus 24. Positive figures in the survey are "driven by a strong automotive industry buoyed by the resolution of the semiconductor supply shortage that has plagued the industry this year," Hiroyuki Ueno, senior economist at Sumitomo Mitsui Trust Asset Management (SuMi TRUST), said ahead of the survey's release. "In the non-manufacturing sector, the continued boom in inbound travel is supporting business confidence," he said. Analysts have said the BoJ's latest survey is among the key data affecting the central bank's policy decisions. The post Business confidence up among Japan’s big manufacturers appeared first on Daily Tribune......»»
Vivant unit inks supply deal with solar developer
Vivant Energy subsidiary COREnergy Inc. has entered into power supply deal with a renewable energy developer putting up a solar power plant in Bataan......»»