After the successful bidding to privatize the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants, the government and private-sector players may next look forward to another public-private partnership (PPP) in rehabilitating the decades-old Agus-Pulangi hydropower complex in Mindanao. Power...
The Philippine Coast Guard (PCG) announced Sunday, July 6, that it has placed all its units on a heightened alert as the country braces for the impact of the rainy season. PCG Commandant Adm. Ronnie Gil Gavan ordered intensified readiness measures to ensure the safety of coastal communities,...
The consortium led by the Aboitiz conglomerate emerged victorious on Friday, July 4, as it won the right to take over the 797-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants in Laguna—a prime Luzon energy asset—from the state-run Power Sector Asset and Liabilities...
The Department of Agriculture (DA) is set to receive a loan financing from the Washington-based multilateral lender World Bank next year for a project aimed at supporting small agri-businesses. A June 26 document published on Thursday, July 3, showed that the DA is seeking an investment project...
Senator Ronald Bato Dela Rosa has filed a bill seeking to expand the grounds for the refusal or cancellation of registration of party-list groups. This includes the promotion or use of violence and unlawful acts involving vulnerable sectors such as children and youth; and any form of association...
The Filinvest Group’s Cotabato Sugar Central Co. Inc. has processed over one million metric tons (MT) of sugarcane this milling season, the first time since the Gotianun-led conglomerate acquired the facility in 2002. In a statement, the company said the figure exceeds the original target for the...
Authorities arrested 94 persons illegally facilitating online and offline raffle draws without the required permits and legal documentation in Tarlac province, the Philippine National Police Anti-Cybercrime Group (ACG) said on Wednesday. In a press conference in Camp Crame, Quezon City, PNP-ACG...
Three years ago, President Ferdinand Marcos Jr. took the helm of the country as the world continued to grapple with the Covid-19 pandemic and economies, including the Philippines, strove for recovery after crippling lockdowns. Governments worldwide faced the delicate task of balancing public health...
As widely expected, the Philippines remained classified as a lower-middle-income country (LMIC) after narrowly missing the lowered threshold to achieve upper-middle-income country (UMIC) status, based on the World Bank’s latest country income classification. The latest data released by the...
As part of its strategy to broaden its footprint, Antonio-led developer Century Properties Group Inc. is venturing to Mindanao for the first time, with the foray to be led by its housing unit PHirst Park Homes Inc. During the firm’s annual stockholders’ meeting, CPG President and Chief...
Amid the continued glut in the Metro Manila middle-income condominium market, Antonio-led Century Properties Group Inc. is ramping up the launch of residential projects in the provinces for the affordable and upscale segments of the real estate sector. During the firm’s annual stockholders’...
Despite delays, the Metro Manila flood control project being funded by loans from the Washington-based World Bank Group (WBG) and the China-led Asian Infrastructure Investment Bank (AIIB) has so far benefitted over half a million residents in flood-prone areas. “To date, more than 600,000 people...
