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CIF allocates $500 million for Philippine’s coal transition plan

The country’s multimillion-dollar transition to clean energy has received a significant boost following an endorsement from the Climate Investment Funds , a multilateral climate fund......»»

Category: newsSource:  philstarRelated NewsJun 5th, 2024

Coal plants named primary culprits for power supply shortage — report

Energy consumer advocacy group Power4People (P4P) coalition condemned coal plants run by different firms in the country, named by a study as the “primary culprits” for the continuous predicaments of the country’s power grids......»»

Category: newsSource:  philstarRelated NewsMay 13th, 2024

Philippines urged to tighten emission standards to protect public health

The government should tighten “outdated” emission standards for sources of air pollution, including coal-fired power plants, to safeguard public health and the environment, a group said on Tuesday......»»

Category: newsSource:  philstarRelated NewsApr 16th, 2024

Small-Scale Mining sa Barangay Obi, May Permit na mula sa DOE

Caramoran, Catanduanes – Mahigpit na tinututulan ng mga residente maging mayoriya ng Barangay Council ang panukalang Small-Scale Mining sa Barangay Obi, Caramoran, Catanduanes. Itoy matapos lumabas na ang sinasabing permit mula sa Department of Energy (DOE) na nakapangalan sa isang nagngangalang Adelbert Z. Almario. Si Almario ay tubong Barangay Mabini, Caramoran na nabigyan ng coal […] The post Small-Scale Mining sa Barangay Obi, May Permit na mula sa DOE appeared first on Bicol Peryodiko......»»

Category: newsSource:  bicolperyodikoRelated NewsMar 30th, 2024

Semirara income drops 30% to P27.9 billion

Lower prices of coal and power rates dragged the net income of Semirara Mining and Power Corp. by 30 percent to P27.9 billion in 2023 from P39.9 billion in 2022......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

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 […].....»»

Category: newsSource:  mindanewsRelated NewsFeb 27th, 2024

The Wallenberg sphere

Marcus Wallenberg, the chairman of Swedish bank Skandinaviska Enskilda Banken, Saab AB, Wallenberg Investments AB, FAM AB, Patricia Industries and The Royal Swedish Academy of Engineering Sciences, quietly flew to Manila last week for a quick three-day visit to renew ties with Philippine government officials and meet with members of top conglomerates the Ayala Group, the Aboitiz, the Gokongweis, the Sys and the Lopezes......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

MPIC to pursue buyout of Ayala stake in LRT-1

Metro Pacific Investments Corp. plans to buy out the 35 percent stake of the Ayalas in the operator of Light Rail Transit Line 1 to beef up MPIC’s portfolio for its eventual bid for other railways......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

More investments in local motorcycle production sought

The Motorcycle Development Program Participants Association Inc. will push for more investments in motorcycle production in the country under the group’s new leadership to promote industry growth......»»

Category: newsSource:  philstarRelated NewsJun 6th, 2024

SSS to boost REIT investments

State-run Social Security System is ramping up its investments in real estate investment trusts as market conditions improve amid expectation of policy easing toward the end of the year......»»

Category: financeSource:  philstarRelated NewsJun 3rd, 2024

Philippines foreign investments yield net outflows in April

MANILA, June 1 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 312 million U.S. dollars in April, the Philippine central bank said Friday night. The Bangko Sentral ng Pilipinas (BSP) said the foreign investment transactions in April, higher than the 236 million dollars net outflows recorded in March, resulted from the 1.2 billion dollars in gross outflows and 914 million dollars in gross.....»»

Category: sportsSource:  abscbnRelated NewsJun 1st, 2024

Government urged to hike, fast-track power investments

The government should increase its investments in the power generation infrastructure and accelerate energy-related projects to address the country’s thinning electricity supply, a think thank said......»»

Category: financeSource:  philstarRelated NewsMay 18th, 2024

Approved foreign investments into Philippines fall 63.6 pct in Q1

MANILA, May 16 (Xinhua) -- The approved foreign investments into the Philippines in the first quarter of 2024 reached 148.43 billion pesos (roughly 2.59 billion U.S. dollars), marking a 63.6 percent decrease year over year, the Philippine Statistics Authority (PSA) said on Thursday. The statistics agency said Singapore posted the highest investment commitment, amounting to 70.06 billion pesos (1.22 billion dolla.....»»

Category: newsSource:  manilanewsRelated NewsMay 17th, 2024

Jerald Napoles and Kim Molina focus on individual careers, investments

Long-time partners Jerald Napoles and Kim Molina are at the stage in their lives where they are focusing on their individual careers and investments, and at the same time, planning their future together......»»

Category: entertainmentSource:  philstarRelated NewsMay 8th, 2024

Luzon Economic Corridor project to draw foreign investments

President Marcos has expressed confidence that the Philippines will do better in luring investments once the Luzon Economic Corridor discussed during his recent visit to Washington is completed......»»

Category: newsSource:  philstarRelated NewsMay 4th, 2024

P1.7 trillion investments show confidence in Philippines

For some members of the House of Representatives, the P1.7 trillion in investments infused by local and foreign traders in 2023 proved business confidence in the country and in President Marcos......»»

Category: newsSource:  philstarRelated NewsMay 3rd, 2024

Philippines foreign investments yield net outflows in March

MANILA, May 1 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 236 million U.S. dollars in March, the Philippine central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the foreign investment transactions in March resulted from the 1.6 billion dollars in gross outflows and 1.4 billion dollars in gross inflows for the month. "The recorded net outflows are a reversal.....»»

Category: newsSource:  manilanewsRelated NewsMay 1st, 2024

Some P1 billion direct investments pledges materialize in Davao City for Q1 2024

Some P1 billion direct investments pledges materialize in Davao City for Q1 2024.....»»

Category: newsSource:  sunstarRelated NewsApr 27th, 2024

Enhancing PH-New Zealand Economic Relations thru increased investments, partnerships

Enhancing PH-New Zealand Economic Relations thru increased investments, partnerships.....»»

Category: newsSource:  sunstarRelated NewsApr 25th, 2024

Ecozone investments slip by 9% in 4 months

Total investments approved by the Philippine Economic Zone Authority reached nearly P30 billion in the first four months of 2024, a nine percent decline from P33.094 billion worth of projects cleared in the same period last year......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024