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Alternergy reallocates IPO proceeds to Tanay and Alabat projects
Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»
PPPs eyed for offshore wind farms in ports
The government may consider public-private partnerships (PPPs) in its plan to transform ports into offshore wind projects, as it could take as much as $80 million to redevelop each one of them......»»
10 offshore wind projects to generate power by 2028
At least 10 offshore wind projects with 6.72-gigawatt (GW) capacity are expected to generate power by 2028, according to Energy Undersecretary Rowena Cristina Guevara......»»
DA eyes untapped West Philippine Sea areas to boost fish production
The Department of Agriculture is eyeing to develop untapped areas in the West Philippine Sea to boost the country’s fish production and lessen dependence on importation, a ranking official said yesterday......»»
Pinakamalaking wind mill sa bansa itatayo sa Quezon
Sinimulan nang itayo ang pinakamalaking wind mill sa bansa. The post Pinakamalaking wind mill sa bansa itatayo sa Quezon first appeared on Abante......»»
Pagcor issues 40 licenses to rebranded POGOs
State gaming regulator and operator Philippine Amusement and Gaming Corp. (PAGCOR) has issued a total of 40 licenses to so-called offshore gaming operators – previously referred to as Philippine offshore gaming operators or POGOs – which it has now termed as internet gaming licensees (IGL)......»»
BPI raises $400 million from offshore debt market
Bank of the Philippine Islands has raised $400 million after successfully tapping into the offshore debt market for the first time since 2019......»»
Cerberus, HD Hyundai to kickstart Subic operations in 12-18 months
South Korean shipbuilder HD Hyundai is expected to start manufacturing operations in Subic Bay within the next 12 to 18 months, with an initial focus on offshore wind platforms......»»
‘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.....»»
Green groups seek relocation of planned wind farm outside Masungi
Shifting to cleaner energies like solar and wind is essential to mitigate the impacts of climate change. However, environmental organizations stressed that clean energy initiatives should not come at the expense of the country’s natural heritage......»»
Metrobank eyes return to offshore debt market
Metropolitan Bank & Trust Co. is returning to the offshore debt market to raise at least $500 million to diversify the bank’s funding sources and support its operations......»»
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......»»
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......»»
UPC Power completes purchase of 38MW wind project in US
UPC Power completes purchase of 38MW wind project in US.....»»
Philippines, Vietnam to expand trade ties to $10 billion
The Philippines and Vietnam will explore untapped areas for cooperation to expand their bilateral trade from $7 billion to $10 billion in the coming years, according to President Marcos......»»
CHR: Decent, proper temporary housing for informal settlers
The Commission on Human Rights has lauded the government’s efforts to provide in-city housing to around 170,000 informal settler families in Metro Manila......»»
China bullying hurts our economy
China’s bullying in our exclusive economic zone at the West Philippine Sea is hurting our economy, particularly the energy sector. It is disrupting exploration and development of oil and gas. Whatever resources may be there will remain untapped; a tragedy given our urgent need for domestic energy sources......»»
Spike in gender-based violence cases noted
A DEPARTMENT of Social Welfare and Development (DSWD) official reported a surge in gender-based violence cases in Davao Region, reaching 170 in 2023 compared to 131 in 2022......»»
177 cops charged for drug offenses
More than 170 police officers have been charged with drug-related offenses in Metro Manila and about 120,000 people have been placed behind bars under the administration’s war on drugs, President Marcos reported yesterday......»»
What impact could a potential POGO ban have on the REITs?
I got this question in response to news that the House of Representatives approved two measures that seek to ban POGOs in the Philippines. POGOs, or Philippine Offshore Gaming Operators, are licensed and monitored by the Philippine Amusement and Gaming Corp., and have been controversial since their presence exploded during Rodrigo Duterte’s term as president......»»