Landmark power joint venture to cost $3.3 billion
Energy powerhouses Meralco PowerGen Corp. (MGen), Aboitiz Power Corp. and San Miguel Global Power Holdings Corp. (SMGP) have forged a $3.3-billion deal to help boost the country’s energy security and make affordable power accessible to more consumers......»»
Japanese offer tech to cut cost of road repairs
Japan-backed tech innovators are bringing into the Philippines a new service that lowers the cost of fixing road damage by analyzing and recording them through a satellite......»»
Increasing demand for electric vehicles
The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»
Cebu Pacific wins accolades as among best low-cost, Safe Airlines
Cebu Pacific wins accolades as among best low-cost, Safe Airlines.....»»
Cebu Pacific named among safest budget carriers globally
Low-cost carrier Cebu Pacific has landed as one of the safest low-cost airlines in the world, beating nearly 400 global operators in terms of compliance with international standards, according to AirlineRatings.com......»»
Willie Revillame officially returns to TV5
TV host Willie Revillame has officially returned to TV5 for a new "joint venture.".....»»
2025 automated polls hang as court may stop VCM use
The Commission on Elections might not be able to hold automated elections in May 2025 if the court stops the use of vote counting machines to be manufactured by the joint venture led by Korean firm Miru Systems Inc......»»
Security Bank to form joint venture with Mitsubishi
Security Bank Corp. has partnered with Japan-based Mitsubishi Motors Corp. to offer financing services to automobile customers in the Philippines......»»
MDC, Takenaka form joint venture firm
“This is a wonderful opportunity for our teams to integrate best practices into our developments. The MDC-Takenaka partnership will become an avenue to advance more innovative and sustainable solutions that will benefit the communities that we serve, especially at this time when the Philippines is primed for exponential economic growth.”.....»»
SMC OK to add MPTC Indonesia in joint venture
Diversified conglomerate San Miguel Corp. (SMC) is open to including the Indonesian segment of Metro Pacific Tollways Corp. (MPTC) in the planned merger of the toll road operators......»»
US Bolstering Philippines Amid Increasing Assertiveness by China
washington - The U.S. and Philippines will for the first time venture outside Manila's territorial waters when they begin joint annual combat drills in April, a Philippines government spokesman said Thursday.Colonel Michael Logico said elements of the Balikatan 2024 drills would be conducted about 22 kilometers (more than 12 nautical miles) off the west coast of Palawan, an island in the archipelago nation that.....»»
Razon unit strengthens exposure in water infrastructure
The Razon Group’s joint venture with a privately owned Australian construction company plans to beef up its presence in the water infrastructure space to support its growth in the coming years......»»
Ayala Corp cold storage JV to start construction on massive facility
GMAC Logitech Refrigeration Corporation, the cold storage joint venture between Ayala Corp [AC 675.00 ?1.2%] and private cold storage player Glacier Megafridge, announced it would break ground in a few weeks on a new 11,798-pallet position temperature-controlled facility in Panabo City, Davao del Norte......»»
Upper Wawa Dam project now 93% complete
WawaJVCo Inc., a joint venture led by ports and casino tycoon Enrique Razon, has moved a step closer in completing its planned Upper Wawa Dam project, touted as the largest water supply dam to be constructed in the country in over 50 years......»»
MVP: Tollways listing still possible this year
Tycoon Manuel V. Pangilinan is hoping there would be no delays in the planned listing of a mega tollways joint venture company with San Miguel Corp.......»»
Maharlika fund eyes JV for rural telco towers
The Maharlika Investment Corp.is in the process of tapping foreign partners for a joint venture in building telecommunication towers in rural areas in a bid to address the digital gap......»»
CLI secures PCC approval for JV with Singapore builder
Property developer Cebu Landmasters Inc. has received approval from the antitrust body to proceed with its joint venture with a Singapore-based builder for the construction of high-end residences in Cebu City......»»
Tower companies pool in for 4G, 5G infrastructure
Two independent tower companies – Phil-Tower Consortium Inc. and Miescor Infrastructure Development Corp. – are set to form a joint venture company for 4G and 5G mobile network infrastructure in the country......»»
First Common Man Coffee to open at Ayala Triangle
Jollibee Foods Corp. has incorporated a joint venture company called FCJB Foods Inc. to bring Tiong Bahru Bakery and Common Man Coffee Roasters in the Philippines......»»
‘MORE SOURCES OF POWER’ | Bizmen bracing nuclear, wind power to address growing demand
‘MORE SOURCES OF POWER’ | Bizmen bracing nuclear, wind power to address growing demand.....»»
Squirrel involved in power outage provided shelter and care by More Power
Squirrel involved in power outage provided shelter and care by More Power.....»»