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Foreign borrowings rise to $14.5 billion in 2023
Foreign borrowings approved by the Bangko Sentral ng Pilipinas jumped by more than 40 percent in 2023 after declining for two straight years, as the national government borrowed more from offshore creditors primarily to bankroll key infrastructure projects......»»
PAGCOR keen on issuing more international gaming licenses
The Philippine Amusement and Gaming Corp. is open to keeping the Philippine Offshore Gaming Operators sector alive, with its top official saying that it provides employment to close to 70,000 Filipinos......»»
RCBC raises $400 million from oversubscribed sustainability notes
Rizal Commercial Banking Corp. (RCBC) has raised $400 million from its return to the offshore debt market as investors swarmed its sustainability note issuance......»»
DOE to NGCP, DUs: Be ready for ILP
The Department of Energ has directed the National Grid Corp. of the Philippines and all distribution utilities to be “fully ready” to implement the Interruptible Load Program amid the dry season......»»
DOE, DOST partner for R& D on renewable energy
The Department of Energy has partnered with the Department of Science and Technology for the conduct of renewable energy research and development ......»»
Energy specialist backs tax breaks for e-motorcycles
Giving tax incentives to e-motorcycles is justified because of their proven contribution in reducing carbon emissions, a specialist from the Department of Energy (DOE) said......»»
Earth Hour electricity savings reached 132.11 megawatts – DOE
Electricity savings from last Saturday’s Earth Hour increased by 110.73 percent to 132.11 megawatts from last year’s savings of 62.69 MW, according to the Department of Energy......»»
DOE, PNP vow stricter LPG regulation
The Department of Energy has tapped the Philippine National Police for the stricter regulation of the liquefied petroleum gas industry......»»
DOE backs emergency takeover of oil industry
The Department of Energy is ready to take over oil firms in case of a national emergency after the Supreme Court upheld its emergency takeover power......»»
SC: DOE may take over oil industry in emergencies
The Supreme Court has ruled that the Department of Energy may take over oil industry operations in times of emergency upon the directive of the country’s president......»»
DOE bares solutions to Visayas blackouts
As another power outage hit the neghboring islands of Negros and Panay on Friday, the Department of Energy has bared short- and long-term solutions to the power problem besetting Western Visayas......»»
Philippines to conduct matching event to help foreign investors
MANILA, Feb. 21 (Xinhua) -- The Philippines will conduct a business-to-business matching event on Thursday to assist foreign investors in finding local partners to support the Southeast Asian country's energy transition program, the Department of Energy (DOE) said Wednesday. "Our main objective for this event is to assist investors, listen and understand the challenges in implementing renewable energy (RE) proje.....»»
Philippines to conduct matching event to help foreign investors
MANILA, Feb. 21 (Xinhua) -- The Philippines will conduct a business-to-business matching event on Thursday to assist foreign investors in finding local partners to support the Southeast Asian country's energy transition program, the Department of Energy (DOE) said Wednesday. "Our main objective for this event is to assist investors, listen and understand the challenges in implementing renewable energy (RE) proje.....»»
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......»»
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......»»
DOE orders creation of nuclear energy body
The Department of Energy will soon create a committee dedicated to achieving a 2,400-megawatt nuclear power capacity for the country by 2032......»»
DOE lauds Philippines largest solar rooftop installation
The Department of Energy has commended the country’s largest consumer-driven solar rooftop installation, JG Summit’s Merbau project in Batangas City......»»
DOE eyes AI use in power sector
The Department of Energy is looking at the use of artificial intelligence to help bolster the power sector’s capabilities in resolving and preventing problems such as power plant outages......»»
DOE urged to prioritize environment in expanding power projects
Environmental advocates of Protect VIP — a network that focuses on safeguarding the Verde Island Passage marine corridor — have urged the Department of Energy to exercise caution in its expansion of power generation projects in the marine biodiversity hotspot. .....»»
Respect
The claim of the Department of Energy that NGCP refuses to recognize their authority to regulate the grid operator reflects badly on the government’s ability to govern. Unfortunately, it seems that DOE has left it at that and is just hoping ERC will pick up the slack......»»