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Biz Leaders Welcome Coal-Fired Power Plant Expansion in Toledo City to Prevent Outages

Business stakeholders in Cebu welcomed the expansion project of a coal-fired power plant in Toledo City as a way to prevent outages that happened in Aklan early this year. They said that concerns about the environment will be “outweighed” by the economic benefits that will come with more power supply considering the dwindling reserves in […].....»»

Category: newsSource:  metrocebuRelated NewsJan 29th, 2024

Bangsamoro dangles coal, oil investments

The Department of Energy is bidding out four pre-determined areas or coal and petroleum exploration in the Bangsamoro Autonomous Region in Muslim Mindanao (B.....»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

Envi group raises concern over Aboitiz coal expansion in Cebu

Envi group raises concern over Aboitiz coal expansion in Cebu.....»»

Category: newsSource:  sunstarRelated NewsFeb 9th, 2024

Early retirement of coal plants to significantly cut CO2 emissions

The early retirement of coal supply agreements in the Philippines is expected to significantly reduce carbon dioxide emissions, aligning the country with the objectives of the Paris Agreement......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 24th, 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

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

Indigenous people criticize business as usual mining practices

BRASILIA, Brazil - Indigenous representatives from 35 countries issued a declaration Thursday criticizing the fact that they are too rarely consulted about mining that takes place on or near their lands, an issue that has become more acute with increased demand for minerals needed in the transition to a cleaner energy system.'We recognize and support the need to end fossil fuel reliance and shift to renewable en.....»»

Category: newsSource:  manilanewsRelated NewsApr 21st, 2024

BSP prodded to build up forex reserves

The Bangko Sentral ng Pilipinas should continue rebuilding its gross international reserves amid the wide current account deficit and heavy reliance on debt funding, according to Bank of America Global Research......»»

Category: financeSource:  philstarRelated NewsMar 20th, 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

BSP seen to cut rates by 100 bps this year

The Bangko Sentral ng Pilipinas is seen slashing interest rates by as much as 100 basis points this year as easing inflation could support the growth of the country’s banking sector in the next two years, Fitch Ratings said......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

With clean balance-sheet Indian Banking sector has enough opportunity for growth: K V Kamath

New Delhi [India], May 17 (ANI): India's banking sector is ready and fit to support the growth of India in the coming years highlights KV Kamath, Chairman, National Bank for Financing InfrastructureDevelopment in an interview with ANI. He also pointed out that after the government has solved the problems of NPA (Non-Performing Asset) in India and India's banking sector has come out of the twin balance sheet problem so now.....»»

Category: newsSource:  manilanewsRelated NewsMay 17th, 2024

Loans to agriculture sector ‘quadrupled’ in 2023

The banking sector’s loan disbursements to the agriculture sector quadrupled last year after the government widened the number of projects considered as compliant with the 25 percent requirement, a member of the central bank’s Monetary Board said......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey

New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

Government announces agriculture delegations to better support Primary sector

The coalition Government has announced ministerial delegations to support key areas across the Primary sector to deliver for New Zealand's food and fibre sector, Agriculture Minister Todd McClay announced today."I will be supported in my roles as Minister of Agriculture, Trade, Forestry and Hunting and Fishing, by three Associate Agriculture Ministers, Nicola Grigg (National), Andrew Hoggard (ACT), and Mark Patt.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 14th, 2024

China sending probe to less-explored far side of moon

TAIPEI, Taiwan - China is preparing to launch a lunar probe Friday that would land on the far side of the moon and return with samples that could provide insights into geological and other differences between the less-explored region and the better-known near side.The unprecedented mission would be the latest advance in the increasingly sophisticated and ambitious space exploration program that is now competing.....»»

Category: newsSource:  manilanewsRelated NewsMay 3rd, 2024

China launches probe to get samples from less-explored far side of the moon

China launches probe to get samples from less-explored far side of the moon.....»»

Category: newsSource:  sunstarRelated NewsMay 3rd, 2024

BINI s 2nd, 3rd night concert tickets gone in less than 2 hours

Star Music announced that the second and third-day concerts of P-pop girl group BINI at the New Frontier Theater have completely sold out in less than two hours......»»

Category: newsSource:  philstarRelated NewsApr 10th, 2024

MCWD: Supply Dropped, expect less water

MCWD: Supply Dropped, expect less water.....»»

Category: newsSource:  sunstarRelated NewsApr 4th, 2024

Bantayan Island bliss: Beach getaway for less than P5,000

Bantayan Island bliss: Beach getaway for less than P5,000.....»»

Category: newsSource:  sunstarRelated NewsMar 16th, 2024