Maynilad Water Services Inc. has tapped International Finance Corp. (IFC) for a $500,000 infrastructure advisory services project aimed at strengthening the west zone concessionaire’s sustainability and resilience strategy. In a disclosure last Monday, June 15, IFC said the project was approved...
SINGAPORE — The Philippines is among the countries best positioned to help meet Asia’s rapidly growing electricity needs, with its rich geothermal resources as well as expanding wind and solar sectors offering significant potential for renewable energy (RE) development, according to...
Global One Hotel Group, Inc., the management arm of Megaworld Hotels and Resorts, has secured approval from the Securities and Exchange Commission (SEC) for the rental pool program of its condotels. The SEC said the rental pool program was processed under the streamlined guidelines on Securing and...
The Philippines has sought World Bank backing for a $1-billion program aimed at tackling the country ’ s plastic waste problem, starting with Metro Manila. In a June 10 document, the World Bank said that the proposed Clean Philippines Multiphase Programmatic Approach (MPA) is designed to improve...
The World Bank Group (WBG) has lowered its 2026 growth forecast for the Philippines to 3.7 percent, warning that the ongoing war in the Middle East is weighing heavily on energy-importing economies and threatening to push global growth to its weakest pace since the onset of the Covid-19 pandemic....
Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
House Deputy Speaker La Union 1st district Rep. Paolo Ortega V clapped back at the twice-impeached Vice President Sara Duterte on Wednesday, June 10 for likening the Senate leadership squabble to the affairs of the Marcos administration. Ortega was reacting to the Vice President’s supposed...
The World Bank has approved a six-month extension of its $300-million loan for a delayed project aimed at strengthening Metro Manila’s preparedness for “The Big One” earthquake, after the Philippine government sought more time to implement key activities that have yet to begin. In a...
Marks & Spencer (M&S) Group has signed a new franchise agreement in the Philippines with Indonesian lifestyle retailer PT Mitra Adiperkasa Tbk, shifting its local strategy to a centralized regional model just months after the exit by its longtime local operator. In a statement, M&S reported that...
A pair of prodigious chessers from Alicia, Isabela, Jodiel Chloe Banawa and Empress Anika Caole topped their respective divisions in rapid and blitz over the weekend to emerge the only triple gold medal winners in the National Age Group Championships at the SMX Convention Center in Olongapo....
Jasmine Solis put on a clinic in resilience and skill, capturing two singles titles and a doubles crown to spearhead the winners at the Dr. Pablo Olivarez Juniors Age-Group Tennis Championships in Sucat, Parañaque over the weekend. Held at the Olivarez Sports Center and Parañaque Tennis Courts,...
Oscar Joseph Cantela and Jemaica Yap Mendoza threaded through the proverbial eye of the needle to rule the standard event of the premier boys and girls Under-20 divisions of the National Age Group Chess Championships at the SMX Convention Center in Olongapo City. Cantela, a native of General Trias,...
