"Nowhere to go but up." The Philippines and the Republic of Korea (South Korea) officially elevated their 75-year diplomatic relationship to a strategic partnership, citing common values and robust partnerships in various fields. ELEVATING TIES — President Ferdinand 'Bongbong' Marcos Jr. meets...
A whopping scale of capital mobilization that will reach as much as $500 billion (roughly P27.5 trillion) will have to be concretized so the country’s energy systems will be substantially decarbonized, according to the Department of Energy. As cited by the energy department, “the Philippines is...
Danish firm Copenhagen Infrastructure Partners (CIP) is eyeing to diversify its capital formation for renewable energy (RE) projects in the country, with its investment sight now expanding into solar and energy storage systems. The Danish firm first entered the Philippine market last year with its...
BACOLOD CITY – The city government is planning to enter into a public-private partnership to establish a P2.2-billion centralized command system. THE construction of the Bacolod City Disaster Risk Reduction and Management Command Center in Barangay Taculing is ongoing. (Photo courtesy of Disaster...
London-headquartered private equity firm Actis is injecting colossal investment of $600 million (approximately P34 billion) for its 40 percent equity acquisition in the $4 billion Terra Solar project being advanced to commercial fruition by SP New Energy Corporation (SPNEC) of the Manila Electric...
Senator Juan Miguel "Migz" Zubiri said that the Philippine government should formulate better investment pitches for prospective foreign investors to successfully land more investments for the country. Sen. Juan Miguel "Migz" F. Zubiri expresses his support for the Regional Comprehensive Economic...
The Department of Energy (DOE) is batting for the corporate life extension of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) so it can serve as counterparty to the investing-entity that will rehabilitate the Agus hydropower complex in Mindanao. Energy Secretary Raphael...
Senator Grace Poe says public-private partnership (PPP) remains a viable option for developing Philippine airports and make them attractive to tourists. "Ang aviation sector natin ay parang isang eroplanong hindi maka-take off dahil sa delays, cancellations, at kung ano-ano pang aberya," the...
Addressing climate change has never been more urgent than when Intergovernmental Panel on Climate Change's Sixth Assessment Report found that climate risks are emerging sooner and will worsen faster than anticipated, making adaptation more difficult with rising global temperatures. Low-income...
The National Economic and Development Authority (NEDA) has approved the new guidelines on the reviewing and approval of national Public-Private Partnership (PPP) proposals. The NEDA board, chaired by President Marcos, has agreed to the new guidelines of the Investment Coordination Committee (ICC)...
President Marcos has directed all government agencies to support efforts mitigating hunger and promoting proper nutrition in the country. President Ferdinand 'Bongbong' Marcos Jr. Through Memorandum Circular No. 47 signed by Executive Secretary Lucas Bersamin on April 19, Marcos...
Four local government units (LGUs) from the Philippines have been accepted into the global partnership that focuses on promoting transparency, fighting corruption, and strengthening governance. In a statement on Tuesday, April 16, Budget Secretary Amenah F. Pangandaman said that Tagbilaran (Bohol),...
