Government officials inspect prices of rice at a market in Cubao, Quezon City, Jan. 10. The Agriculture department will implement a maximum suggested retail price for imported rice at P58 per kilo starting Jan. 20, 2025. — PHILIPPINE STAR/MIGUEL DE GUZMANBy Adrian H. Halili, ReporterTHE
The Department of Energy (DoE) signed an implementation agreement with Masdar during Abu Dhabi Sustainability Week on Jan. 15. In the photo are Energy Undersecretary Rowena Cristina L. Guevara and Masdar Chief Executive Officer (CEO) Mohamed Jameel Al Ramahi. In the background are Energy Secretary
REUTERSBy Luisa Maria Jacinta C. Jocson, ReporterTHE TOTAL RESOURCES of the Philippine financial system rose by 8.8% year on year as of end-November, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.BSP data showed the resources of banks and nonbank financial institutions (NBFIs) jumped
A European Union flag is seen in Stockholm, Sweden, July 17, 2023. — REUTERSTRADE AND INVESTMENTS between the Philippines and the European Union (EU) are still lower than the level of mutual ambitions and could be improved through a free trade agreement (FTA), the EU
BW FILE PHOTOSIA AND CAKTIONG-LED DoubleDragon Corp. (DD) said it plans to issue up to P10 billion worth of retail bonds in the first quarter to bolster the company’s cash position and balance sheet.The issuance will comprise a P5-billion base offer and a P5-billion oversubscription
ALTERNERGY Holdings Corp., through its unit Solana Solar Alpha, Inc., has secured a P1-billion loan from Rizal Commercial Banking Corp. (RCBC) to fund the construction of its 28-megawatt-peak (MWp) Balsik Solar Power Project in Hermosa, Bataan.“We have signed the omnibus loan and security agreement for
PHILSTAR FILE PHOTOOFFGRID energy generator DMCI Power Corp. (DPC) reported energy sales of 491.2 gigawatt-hours (GWh) for 2024, a 9% increase from the previous year, driven by higher demand.The growth was also driven by the full operations of its 15-megawatt (MW) Palawan thermal power plant,
PHILIPPINE STAR/ MIGUEL DE GUZMANMPOWER, the local retail electricity supplier of Manila Electric Co. (Meralco), has entered into a retail supply agreement with ABS-CBN Corp. to support the power needs of the media company’s operations.“Our renewed partnership with ABS-CBN reflects our constant dedication to delivering
THE DEVELOPMENT Bank of the Philippines (DBP) has raised P11 billion from its offering of dual-tenor fixed rate notes.The bank’s offering of fixed rate Series 6A and 6B bonds was oversubscribed by five-and-a-half times compared to the initial P2-billion program, it said in a statement
FACEBOOK.COM/WATERFRONTMANILATHE WATERFRONT MANILA Hotel & Casino complex in Manila is expected to be fully reopened by the first quarter of 2027 after facing construction delays, its listed operator Acesite (Phils.) Hotel Corp. said.The property’s reopening will happen in three phases, Acesite said in a regulatory
REUTERSThe Philippines faces a growing plastic waste crisis, underscoring the urgent need for massive systemic change. Latest data shows that the country is estimated to produce 60 billion plastic sachets a year, thereby exacerbating environmental degradation and economic losses with reliance on single-use plastics.However, amidst
REUTERSTHE Philippines and Finland on Thursday signed a joint declaration of intent to seal a bilateral labor agreement this year.“Safe, ethical, transparent, and sustainable recruitment will happen and will unfold in the coming weeks and months, so this won’t take long. I’m very optimistic that