The third Green Energy Auction (GEA-3) for geothermal, impounding hydro, and pumped-storage hydropower is expected to conclude before the end of the year. During a recent budget hearing, the Department of Energy (DOE) Undersecretary Rowena Guevara assured the Senate that this auction would...
Senate President Francis "Chiz" Escudero admitted on Thursday, Oct. 10, that it will be tough for the chamber to pass Senate Bill (SB) No. 2034, or the measure that sought to make the controversial Reserve Officers' Training Corps (ROTC) program mandatory. (Senate Public Relations and...
The Department of Trade and Industry (DTI) has announced stricter regulations for vaporized nicotine and non-nicotine products (VNNDPs) and heated tobacco products (HTPs) in the country. In a statement, the DTI said this move comes through amendments to the Implementing Rules and Regulations...
The Department of Budget and Management (DBM) increased its 2025 funding for education but reduced its cash assistance allocation or ayuda for poor Filipinos. Of the proposed P6.352 trillion national budget for next year, P977.6 billion, or over one-sixth of the total, will be poured into...
Despite a slight reduction in the government's infrastructure budget for 2025, the Marcos administration is banking on increased investments in Public-Private Partnership (PPP) projects to bridge the gap. In a statement, Budget Secretary Amenah F. Pangandaman confirmed that the proposed 2025 budget...
The Department of Trade and Industry (DTI) is optimistic about a potential partnership with Masdar, a leading global renewable energy company, to boost the Philippines' renewable energy sector. In a recent meeting, DTI Secretary Cristina A. Roque met with top executives from Masdar to discuss...
The Department of Agriculture (DA), in partnership with the Korea Agricultural Machinery Industry Cooperative (KAMICO) and Cabanatuan City, has signed an agreement to establish the Philippines' first-ever local agricultural machinery manufacturing cluster. In a statement, the DA said the initiative...
By DERCO ROSAL After securing the deal, President Marcos’ chief economic manager stated that South Korea’s funding for three major infrastructure projects will create more jobs and expand businesses in the country. “Beyond enhancing mobility, they will create jobs, spur businesses, boost...
The proposed Capital Market Efficiency Promotion Act (CMEPA) being pushed by the Legislative-Executive Development Advisory Council (LEDAC) has removed the planned reimposition of excise tax on pick-up trucks such that the bill, if passed into law, would result in foregone revenues for the...
Fuel retailers announced increases in the pump prices, marking the third consecutive week of hikes for diesel and the second week for kerosene, while gasoline prices will remain stable. Beginning Tuesday, Oct. 8, diesel prices will rise by P1 to P1.20 per liter. Gasoline prices are set to stay...
The Department of Energy (DOE) and the Department of Natural Resources (DENR) have partnered to speed up the exploration, utilization, and development of offshore wind projects. In a statement, the DOE said the two agencies entered into a memorandum of agreement (MOA) that allows access...
As the push for renewable energy (RE) gains momentum, the Department of Energy (DOE) emphasized the need for a fair transition for the private sector that has invested in coal facilities. During the Powertrends International Business Forum 2024, DOE Assistant Secretary Mario Marasigan...
