SP New Energy suspended again for public float violation
SP New Energy was suspended at the close of trading on Friday by the PSE after a block sale pushed SPNEC’s public float down to 19.57%, below the PSE’s minimum public float requirement of 20%......»»
SP New Energy suspension lifted after Solar Philippines donates another 220 million SPNEC shares
The PSE lifted the suspension that had affected SP New Energy shares since January 26 after SPNEC said that Solar Philippines Power Project Holdings Inc. had donated 220 million SPNEC shares to Asia Pacific Institute for Green Development on January 24, and that the donation had increased SPNEC’s public float [link] back above the 20% minimum threshold for active trading......»»
Samal resort gets notice of violation over hawksbill turtle hatchlings
The Department of Natural Resources-Davao Region (DENR-Davao) has issued a notice of violation to Isla Reta Beach Resort in Samal for the illegal possession of hawksbill turtle hatchlings. The resort violated Republic Act 9147, which prohibits the exploitation of wildlife resources and their habitats. The law strictly prohibits collecting, hunting, or possessing wildlife or their by-products, with penalties including imprisonment and fines. In response to the notice, the resort's owner must release the turtle hatchlings within a day, or face legal action. Despite the resort's intention to care for and release the hatchlings after six months, DENR-Davao found 130 hatchlings inside styro boxes and emphasized the critical importance of immediately releasing them to ensure their survival. The Philippines recognizes five sea turtle species, with hawksbill and leatherback classified as critically endangered. DENR-Davao encourages individuals to report wildlife sightings and pledges to conduct public awareness campaigns for wildlife conservation. Isla Reta Beach Resort faced criticism for unauthorized plans to raise the hatchlings......»»
Belle Corp sets PLC tender offer price at P0.85/share
Belle Corp and Premium Leisure Corp were both voluntarily suspended for the day yesterday after BEL disclosed details of its proposed tender offer to acquire PLC’s public float and eventually delist PLC from the exchange......»»
Philippines, Indonesia seek to strengthen cooperation for energy security
MANILA, Jan. 10 (Xinhua) -- The Philippines and Indonesia on Wednesday agreed to strengthen energy cooperation to safeguard energy security. Energy ministers of the two countries signed a memorandum of understanding (MOU) on energy cooperation at the presidential palace in Manila, where Indonesian President Joko Widodo was received by his Philippine counterpart Ferdinand Romualdez Marcos. Widodo arrived i.....»»
DOE slates 3rd round of Green Energy Auction
Another round of the Green Energy Auction will be conducted this year as part of the country’s utilization of renewable energy resources and attainment of energy security and reliability, the Department of Energy said......»»
DENR-Davao mipagawas og ‘notice of violation’ batok Isla Reta Resort sa pagkupot og pawikan
DENR-Davao mipagawas og ‘notice of violation’ batok Isla Reta Resort sa pagkupot og pawikan.....»»
Metro Global given 6 months to avoid involuntary delisting
The PSE gave notice to Metro Global Holdingsthat it has six months to increase its public float above 10% to comply with the PSE’s Minimum Public Ownership (MPO) rule or be “automatically delisted” from the stock exchange......»»
Basic Energy, Renova sign MOU for construction of 50MW Mabini Wind Energy Project
I reported last week on Basic Energy and its progress toward signing a memorandum of understanding with Renova Inc. to set the framework for signing an eventual Joint Development and Shareholders Agreement for the construction of the 50MW Mabini Wind Energy Project......»»
NEWS BRIEFS | 27 February 2024
Energy exploration in BARMM opened for bidding The Department of Energy has opened four areas in the Bangsamoro Autonomous Region in Muslim Mindanao for exploration, development, and production of indigenous energy sources. Energy Undersecretary Alessandro Sales said coal exploration marked as “PDA-BC-1” covering 14,856 hectares in Kapai and Tagoloan towns in Lanao del Sur is […].....»»
Basic Energy signs MOU for joint development of 50MW Batangas wind project
Basic Energy announced that its board authorized the signing of a memorandum of understanding with Renova Inc., a Japanese renewable energy company, to set the framework toward signing a definitive Joint Development Shareholders’ Agreement for the 50 megawatt Mabini Wind Energy Project......»»
39 LGUs in Davao region suspend classes due to bad weather
DAVAO CITY (MindaNews / 16 January) – At least 39 localities in the Davao region, including this city, suspended classes in public and private schools as of 7:55 a.m. Tuesday due to heavy rains since Monday night, which triggered flooding in some areas. The local government unit (LGU) of Davao City suspended classes in all […].....»»
AREIT eyes up to P9 billion additional share offering
AREIT Inc. is planning a follow-on offering or private placement of shares to boost its public float which would decrease following a major property-for-share swap transaction with its sponsor Ayala Land Inc......»»
RLC sells P8.5 billion shares in REIT unit
Robinsons Land Corp., the diversified real estate firm of the Gokongwei family, has sold P8.49 billion worth of shares in RL Commercial REIT Inc., increasing the listed REIT’s public float to 49.95 percent......»»
NGCP, ECCP sign deal to advance renewable energy development
In a landmark move toward fostering innovation and sustainability in the energy landscape of the country, the National Grid Corp. of the Philippines and the European Chamber of Commerce of the Philippines have inked an agreement to formalize their commitment to mutually advocate the utilization of renewable energy resources in the Philippines to increase the country’s power supply and energy generation......»»
Groups urge to include placemaking in planning for public spaces
The push for placemaking in planning for public spaces was emphasized by various groups during a recent forum in Davao City. ATTY. Mark Peñalver, executive director of Interfacing Development Interventions for Sustainability (Idis), stressed the importance of incorporating placemaking in public space planning to not only enhance the physical environment but also to promote inclusivity. He highlighted the exclusion of certain sectors in existing public spaces and emphasized the need for stakeholders' input and acknowledgment of their stories in the planning process. Dr. Derlie Mateo-Babiano, an associate professor in Urban Planning Assistant, described placemaking as a means to transform places into spaces that people will cherish. She emphasized the significance of engaging the community in the planning process to understand their cultural, environmental, and other needs. Peñalver also cited a successful placemaking project in Davao Executive Homes, which catered to children, the elderly, and individuals with special needs, demonstrating the positive impact of placemaking. Furthermore, Peñalver advocated for the institutionalization of placemaking in the Comprehensive Land Use Plan and other development plans in Davao City. He highlighted the potential of placemaking to ensure that government projects are beneficial to the community. Architect Harold Delima, co-convenor of Placemaking Davao, discussed ongoing workshops with various demographics to integrate placemaking into the city's development. The groups involved are hopeful that placemaking will become a fundamental aspect of public space planning in Davao City, aiming to create inclusive and community-centered environments......»»
Roxas Holdings suspended for reporting failure
The PSE suspended Roxas Holdings for its continued failure to submit its Annual Report for its fiscal year ending Sept. 30, 2023......»»
Nuclear energy is safe, DOE says
Given historical adversities involving nuclear power plants across the world, the Department of Energy has assured the public of careful planning for the use of nuclear energy in the Philippines......»»
Senior citizen commission executive suspended for neglect of duty
A National Senior Citizens Commission official has been suspended for three months following allegations of gross neglect of duty, among other offenses......»»
PetroWind supplies power to Panay
PetroWind Energy Inc., a joint venture between Yuchengco-led PetroGreen Energy Corp., EEI Power Corp. and BCPG Public Co. Ltd. of Thailand, continues to ramp up its clean energy projects......»»
Suspended UE coach blasts UAAP decision
UE head coach Jerry Yee has been suspended by the UAAP for the remainder of the Season 86 women’s volleyball tournament, the league announced Sunday......»»