The Marcos administration is weighing the reversal of the government’s restrictive coal policy as the country grapples with the dual pressures of surging summer demand and volatile global energy prices. Energy Secretary Sharon Garin told reporters on Monday, April 20, that the Department of...
President Marcos said government fuel subsidies and fare discounts will continue as long as oil prices remain high, as he assured the public that more measures are being studied to ease the burden of the ongoing crisis. In an unexpected exchange with a college student following his inspection of...
PetroGreen Energy Corp., the renewable energy arm of the Yuchengco Group, began injecting power into the Luzon grid as it entered the final testing phase for its solar facility in Pangasinan, the company said Monday, April 20. In a disclosure to the Philippine Stock Exchange, the company said the...
With Iran announcing the reopening of the Strait of Hormuz and a possible war deal finally taking shape, the Philippine government’s so-called “energy emergency response” now appears to be a dithering strategy. It looks more like the state sprinted into a trap door—akin to buying a fire...
Ayala-led Globe Telecom Inc. is locking in long-term renewable energy (RE) contracts for its data center operations, moves intended to insulate the company from volatile power costs while meeting the intensifying electricity demands of the digital economy. The telecommunications giant said its...
President Marcos on Sunday announced a larger fuel price rollback next week, saying the reduction will bring much-needed relief to Filipino consumers. “Sa susunod po na linggo, may mas malaking bawas sa presyo ng langis (Next week, there will be a bigger reduction in oil prices),” the President...
The Department of Energy (DOE) ordered an immediate ramp-up in electricity generation at several major facilities on Friday, April 17, tapping natural gas, oil, and coal-fired plants to stabilize the power grid following a series of unplanned outages in Batangas. The directive followed the tripping...
Rising global energy prices driven by Middle East tensions are posing growing risks to the Philippine office real estate sector, as higher power costs threaten tenant demand, rental growth, and asset values, according to property consultancy Colliers. In an April 16 report, Colliers Philippines...
The Department of Energy (DOE) is expanding its renewable energy push in Mindanao, preparing to offer the private sector five times the capacity of earlier rounds in an upcoming auction In a statement on Friday, April 17, the DOE announced the seventh round of the Green Energy Auction program...
BACOLOD CITY – The Department of Agrarian Reform-Negros Island Region (DAR-NIR) is promoting the use of bicycles and other modes of non-motorized transport for the daily commute of its officials and staff. DAR-NIR Director Lucrecia Taberna led the launch of “Padyak to Work” (Pedal to Work)...
The country risks pushing 1.3 million more people into poverty as an energy crisis and record-high fuel prices threaten to drive the national poverty rate to 14.4 percent, the state-run Philippine Institute for Development Studies (PIDS) warned. Before the Middle East conflict triggered a national...
Vena Group has secured ₱2.7 billion in financing for a new solar farm in Northern Luzon, Philippines, expanding its renewable energy portfolio in a region that has become a hub for the country 's green energy transition. In a statement, Vena Group said the renewable energy developer reached...
