Business NEWS

The Duterte administration’s chief economic manager has called on lawmakers to support temporary increased in pork imports at lower tariff rates to address the scarcity in the domestic supply of hog meat.

Lopez-led Energy Development Corporation (EDC) has handed over P4.16 million electrification fund to Negros Oriental I Electric Cooperative (NORECO I), a power utility servicing the host community of the power generation firm.

Energy Development Corporation (EDC)  is planning to issue P3 billion worth of Green Bonds with an oversubscription option of up to P2 billion.

Lopez-led Energy Development Corporation (EDC) is scheduling P15 billion worth of bond issuance under its maiden “green bond framework”, of which proceeds will be used to bankroll new renewable energy (RE) projects as well as to refinance loans for existing RE facilities.

Big ticket geothermal firms Energy Development Corporation (EDC) of the Lopez Group and Sy-owned Philippine Geothermal Production Company (PGPC) as well as Mase Power Corporation have submitted bids for the geothermal blocks tendered by the Department of Energy (DOE) via the 3rd open and competitive selection process (OCSP) for conventional renewable projects.

The country’s largest geothermal energy producer Energy Development Corporation (EDC) had taken its first cardinal step to become a ‘zero waste company’, in line with its goal for a regenerative and decarbonized future.

Lopez-led Energy Development Corporation (EDC) had tapped Japanese firm Mitsubishi Heavy Industries Ltd. for the supply of equipment that will power up its 29-megawatt capacity expansion project at its existing Bacon-Manito (BacMan) facility in the Bicol region.

 The Export Development Council (EDC) has approved a revised Philippines exports growth target to $105 billion by 2022 or 19.23 percent lower than the original forecast of $130 billion taking into consideration impact of pandemic and weaker global demand.

Electricity service restoration in typhoon-ravaged provinces in the Bicol region is now on its accelerated pace, with power supply already back in Naga City and three towns in Camarines Sur; while several towns in Camarines Norte already gained back their power service.