The number of unemployed Filipinos climbed in May as there were not enough jobs for the growing working-age population entering the labor market, data from the Philippine Statistics Authority (PSA) showed on Thursday, July 7. Based on the PSA’s May 2022 Labor Force Survey, the country’s...
PAVI Green Renewable Energy Inc., a subsidiary of Prime Asset Ventures Inc. (PAVI) of the Villar conglomerate, has cornered a 20-year power supply agreement (PSA) for its 40.4-megawatt Naga solar farm installation in the Bicol region. The company has been one of the project-developers that won in...
Razon-led MORE Electric and Power Corporation will tap 20 megawatts of its electricity supply from Energy Development Corporation (EDC), a subsidiary of First Gen Corporation of the Lopez group. MORE Power will be utilizing the contracted power supply in servicing its roughly 87,000 customers in...
Solar Philippines cornered 91 percent of the power supply agreements (PSAs) recently awarded by the Department of Energy, boosting the Leviste-owned company's dominance in the local solar energy industry. In a statement to the media, the company emphasized that out of the 1,490 megawatts of awarded...
Bureaucratic and legislative kinks must be ironed out first before the incoming Marcos administration can allow the 100 percent foreign ownership of power generation ventures in the country. President-elect Bongbong Marcos (Noel Pabalate/ MANILA BULLETIN) President-elect Bongbong Marcos's...
The Energy Regulatory Commission (ERC) has provisionally approved the power supply agreement (PSA) underwritten by the Batangas II Electric Cooperative (BATELEC II) with Bac-Man Geothermal Inc. (BGI), which is a subsidiary company of the Lopez-led Energy Development Corporation. The regulatory body...
TDK Philippines Corp., a manufacturing firm for electronic components, had shifted its electricity service usage to renewable energy (RE) and will tap Energy Development Corp. (EDC) of Lopez-led First Gen Corp. for its supply. The TDK Group said it had taken this move for its entire manufacturing...
Hard work and dedication — not simply luck — were the key components of the country’s success in sports for the past years as far as Philippine Sports Commission (PSC) Chairman Butch Ramirez is concerned. PSC Chairman Butch Ramirez “Yung golden year na sinasabi natin sa sports, hindi yung...
GROCERY store workers rest in Iloilo City. (Tara Yap) ILOILO CITY – The unemployment rate in Western Visayas or Region 6 dropped as restrictions from the Covid-19 pandemic ease and businesses are returning to more normal operations. Data released by the Philippine Statistics Authority (PSA)...
Polyfoam-RGC International Corporation, the maker of sought-after Uratex mattresses and foam products, has renewed its power supply agreement (PSA) with ACEN Corporation, the energy company of the Ayala group. According to the Ayala firm, it will be supplying renewable energy-generated power...
Customers of Manila Electric Company (Meralco) will need to allot higher budgets for their electric bills this month, as the utility firm raised its overall tariff by P0.3982 per kilowatt hour (kWh) to P10.4612 per kWh from the May level of P10.0630 per kWh. For household consumers in the...
The country's unemployment fell to 5.7 percent in April, nearing the 5.3 percent pre-COVID level, on continued reopening of the domestic economy, data from the Philippine Statistics Authority (PSA) showed. The April performance was also a significant improvement from 8.7 percent a year ago and...
