Lopez-led First Gen Corporation, via its subsidiary First Gas Power Corporation, is seeking approval from the Energy Regulatory Commission (ERC) for the extension of its power purchase agreement (PPA) with the Manila Electric Company (Meralco) covering its 1,000-megawatt Santa Rita gas-fired plant,...
The Philippines will continue to lead in climate change mitigation efforts as the world continues to struggle with the realities of ocean governance. Senator Loren Legarda made this promise when she led the reaffirmation of the 2021 Manila Call to Action, Charting Philippine Ocean-Climate Policy...
The Philippines’ first free trade agreement (FTA) with a Middle Eastern country is expected to be signed next month with the United Arab Emirates (UAE), which will likely set the stage for more substantial investments from sovereign wealth funds. In a business forum hosted by the Dubai Chamber of...
The member economies of the Asia-Pacific Economic Cooperation (APEC), including the Philippines, have expressed support for a global measure that provides benchmarks to boost the investment and business climate of its members. In a statement, APEC is calling for the integration of the investment...
The European Union (EU) is open to accelerating the negotiations for a free trade agreement (FTA) with the Philippines amid global trade uncertainties such as the tariff policy of the United States (US). EU Ambassador to the Philippines Massimo Santoro said on Tuesday, May 13, that the 27-member...
The Marcos administration's chief economic manager has signed another loan agreement with the World Bank, committing to repay the concessional financing until 2053. A World Bank document showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine government, signed the loan agreement...
The Philippines and New Zealand have signed the Status of Forces Agreement (SOVFA), a defense deal that will allow the armed forces of both countries to hold joint military drills. President Ferdinand 'Bongbong' Marcos Jr. meets with New Zealand Defense Minister Judith Collins in Malacañan during...
The Japanese government will remain committed to providing the Philippines with much-needed equipment and support for maritime security to ensure a free and open Indo-Pacific region, Japanese Prime Minister Ishiba Shigeru said. Japan Prime Minister Ishiba Shigeru speaks during a news...
Japanese Prime Minister Ishiba Shigeru will arrive on Tuesday, April 29, to meet with President Marcos to discuss regional maritime security, the Japanese Embassy in Manila disclosed. President Ferdinand 'Bongbong' Marcos Jr. and Japanese Prime Minister Ishiba Shigeru (MB, AP File Photos) ...
The Philippines and New Zealand are set to sign a defense agreement that will allow the two countries’ militaries to conduct exercises in each other’s territories, New Zealand’s Defense Minister Judith Collins said on Monday, April 28. Defense Secretary Gilberto Teodoro Jr. and New...
It’s disheartening to see many Philippine businesses, especially in the energy sector, still clinging to the tired excuse that "we pollute less, so we should do less." This perspective misses the point entirely; climate action isn't a competition to see who the worst polluter is, but a collective...
With President Marcos and Japanese Prime Minister Ishiba Shigeru scheduled to discuss regional maritime security, Department of Foreign Affairs (DFA) Secretary Enrique Manalo said that the upcoming visit of the Japanese leader next week shows the strength of the two countries relationship as...
