The Board of Investments (BOI) has partnered with South Korean lender Shinhan Bank to attract more foreign investors to the Philippines. The move comes as Manila anticipates the ratification of a Free Trade Agreement (FTA) with South Korea, which is expected to boost economic ties between the two...
Telecommunications giant PLDT Inc. and its wireless subsidiary Smart Communications, Inc. (Smart) have expanded renewable energy (RE) capacity sourcing from Lopez-led First Gen Corporation to power additional six of their network facilities. According to First Gen, a major PLDT facility that will...
President Marcos assured that his administration is committed to attain lasting peace and development in southern Philippines and the whole country by carrying out all signed peace agreements with various rebel groups. President Ferdinand 'Bongbong' Marcos Jr. leads the opening of the...
Giant players in the domestic power industry will gear up for a new round of battle for their offers in the 400-megawatt capacity procurement of Manila Electric Company (Meralco) that will satiate mid-merit capacity in its supply portfolio. Listed as prospective bidders in Meralco’s competitive...
As it seriously takes its share of the burden on the global decarbonization goal, property developer Arthaland Corporation has signed a new power supply agreement (PSA) with Lopez-led First Gen Corporation for energy services that will ramp up its usage of renewable energy (RE) resources. According...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment platform of Meralco PowerGen of the Manila Electric Company group, has acquired 50% stake in the 450-megawatt (MWac) Bugallon solar farm project in Pangasinan that was under a service contract held by Singaporean firm Vena Energy....
Power utility giant Manila Electric Company (Meralco) has rescheduled to August 27 this year the final submission of offers for its 600-megawatt baseload capacity sourcing that will be slated for delivery by August next year. In a new bid bulletin issued on Monday, Aug. 19, Meralco specified that...
(L-R) German Federal Minister of Defense Boris Pistorius and Department of National Defense (DND) Sec. Gilberto Teodoro Jr. shake hands during a bilateral meeting in Makati City on Aug. 4, 2024. (Photo: Martin Sadongdong / MANILA BULLETIN) The defense departments of the Philippines and...
Alcantara-led Alsons Power has sealed its first retail electricity supply (RES) agreement with Holcim Philippines, Inc., a leading supplier of cement and construction aggregates in the country. In the power supply deal inked by the parties, it was stipulated that “Alsons Power will supply 80% of...
The government is planning to update nuclear agreements with at least five countries in accordance with the nuclear renaissance pathway, as fleshed out in the newly crafted 2024-2050 Philippine Nuclear Energy Program. The updating of multilateral and bilateral nuclear covenants, according to...
The US government is amenable to firming up an agreement on taking back ‘spent fuel’ that had already been irradiated once fissioned or burnt in reactor for nuclear technologies that American suppliers will be deploying to the Philippines. In a roundtable discussion with the Philippine media,...
Department of National Defense (DND) Sec. Gilberto Teodoro Jr. (middle) delivers a speech at Camp Aguinaldo in Quezon City on July 16, 2024 while (L-R) General Charles Q. Brown, Chairman of the Joint Chiefs of Staff (CJCS) of the United States (US), and Armed Forces of the Philippines (AFP) Chief...
