A worker is seen inside the new Mega manufacturing plant in Sto. Tomas, Batangas, March 1, 2023. — PHILSTAR/KRIZ JOHN ROSALESTHE ECONOMY requires stronger industry spending if gross domestic product (GDP) is to move beyond its current growth track, the Bank of the Philippine

SAMSUNGSEM.COMTHE Philippine Economic Zone Authority (PEZA) said Samsung Electronics’ $1-billion expansion project in Laguna is targeted to begin construction by early next year.“The latest on Samsung is that their fiscal incentives have been approved, and we are now working on the power subsidy,” PEZA Director

PRIME INFRASTRUCTURE Capital, Inc. said it is on track to finish its 1,400-megawatt (MW) pumped storage hydroelectric power project in Pakil, Laguna within the next five years.The $5.03-million Pakil Pumped Storage Project developed by group company Ahunan Power, Inc. is expected to provide electricity to

BW FILE PHOTOHIGHER TRANSMISSION charges for July will be reflected in power bills for August, after the National Grid Corp. of the Philippines (NGCP) moved to collect its maximum allowable revenue (MAR).In a briefing on Wednesday, Julius Ryan D. Datingaling, NGCP head of business and

NFA starts selling P20 rice to farmers - BusinessWorld Online                                    PHILIPPINE STAR/NOEL B. PABALATETHE National Food Authority (NFA) has started selling P20-per-kilogram rice to rice farmers

BoC monitoring ports of entry during rice import freeze - BusinessWorld Online                                    PHILSTAR FILE PHOTOTHE Bureau of Customs (BoC) said it will step up its watch

Air passenger traffic grows 9.25% in 1st half - BusinessWorld Online                                    Passengers are seen at the departure lobby of the Ninoy Aquino International Airport (NAIA) Terminal

CSC taps Chinese partner to build P1.36-billion facility in Mariveles - BusinessWorld Online                                    CONCRETE STONE Corp. (CSC) said it tied up with a Chinese construction solutions

SMCGLOBALPOWER.COM.PHSAN MIGUEL Global Power Holdings Corp. (SMGP) said the show-cause order issued by the Energy Regulatory Commission (ERC) over the Ilijan gas power plant’s alleged anti-competitive practices is “outdated and without basis.”In a statement on Wednesday, SMGP said that South Premiere Power Corp. (SPPC), the

On July 28, the 20th Congress officially convened for its first regular session, marking the final half of the current administration’s term. Interestingly, even prior to this formal opening of session, we saw several Senators who proactively introduced and filed priority bills.Among the notable bills

REUTERSPHILIPPINE SHARES jumped on Wednesday as the market tracked gains on Wall Street after the July US consumer inflation data released overnight bolstered expectations of a September rate cut by the US Federal Reserve.The benchmark Philippine Stock Exchange index (PSEi) rose by 0.56% or 35.24