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Firms bid 7,500 MW of renewable energy capacity in DOE’s latest green auction
MANILA, Philippines – Energy developers bid 7,530.887 megawatts (MW) in renewable energy (RE) capacity in the third round of the Green Energy Auction (GEA-3), exceeding the government’s target...
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LRT1 fare hike approved: End-to-end tickets to cost P55 by April 2
MANILA, Philippines – Fares for commuters taking the Light Rail Transit (LRT) Line 1 will be more expensive starting April 2. The approval notice dated February 14 comes over a month after the...
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Cebu Pacific, PAL offer flights from Cebu to Ho Chi Minh
MANILA, Philippines – Is Vietnam the next top travel destination for Filipinos, specifically those in the Queen City of the South? Flag carrier Philippine Airlines (PAL) and budget airline Cebu...
View ArticleSaudi oil giant Aramco is returning to Philippines as Unioil levels up
MANILA, Philippines – Competition in the Philippines’ petroleum industry is heating up. After 17 years, Saudi oil giant Aramco is reentering the Philippine market as an investor after signing a deal...
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After NGCP, Maharlika injects $76.4 million into Makilala Mining Company
MANILA, Philippines – After its maiden investment in the National Grid Corporation of the Philippines (NGCP), the Maharlika Investment Corporation (MIC) is taking its funds to the country’s mining...
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NGCP wins Singapore arbitration case vs PSALM, TransCo
MANILA, Philippines – The National Grid Corporation of the Philippines (NGCP) claimed victory in its arbitration case against the Power Sector Assets & Liabilities Management Corporation (PSALM)...
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[Vantage Point] Is Maharlika’s mining venture worth it?
The Philippines’ sovereign wealth fund, Maharlika Investment Corporation (MIC), has pivoted to investing in the country’s resource development sector with the recent signing of a binding term sheet...
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UNIQLO Philippines opens first ‘roadside store’ in Taytay, Rizal
MANILA, Philippines – UNIQLO Philippines opened a big “roadside store” in a suburb east of Manila on Friday morning, March 7, signifying how retailers are tapping growth areas outside of the capital...
View ArticleUS to levy fees on China-linked ships, push allies to do likewise, draft...
LONDON, United Kingdom – The United States is planning to charge fees for docking at US ports on any ship that is part of a fleet that includes Chinese-built or Chinese-flagged vessels and will push...
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Gokongwei group launches fifth ‘Go’ brand
First it was Go Hotels, then CebGo, Go Rewards, GoTyme — now there’s GoCharge. The Gokongwei group has unveiled a new brand that again pays homage to the Chinese ancestors of the Gokongwei family....
View ArticleManila Water to impose rate hike, Maynilad to defer
MANILA, Philippines – The Metropolitan Waterworks and Sewerage System (MWSS) approved water bill rate hikes in the second quarter of 2025. Concessionaires Manila Water and Maynilad may implement rate...
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Abolish BIR? Tax expert says agency should be free from politics
MANILA, Philippines – A tax expert believes the Bureau of Internal Revenue (BIR) should be abolished and replaced with an independent tax collection agency. Asian Consulting Group founding chairman...
View ArticleSan Miguel nets P52 billion in 2024 amid ‘strong operations’
MANILA, Philippines – San Miguel Corporation’s (SMC) net income grew 22% to P52 billion in 2024 thanks to higher sales volumes across its units. Tycoon Ramon Ang’s conglomerate booked P1.6 trillion in...
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[ANALYSIS] Aboitiz Power gearing up to increase its energy assets
A strong player in the nation’s energy security program, Aboitiz Power Corporation (Aboitiz Power), is gearing up to increase its power distribution and retail business as part of its strategic goal...
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ERC to study San Miguel Global Power’s P34-billion recovery request
MANILA, Philippines – The Energy Regulatory Commission (ERC) is studying a possible hike in electricity rates following the termination of power supply agreements (PSA) between San Miguel Global Power...
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Philippines now VAT-free for foreign tourists
MANILA, Philippines – Foreign tourists coming to the Philippines may now avail of value-added tax (VAT) refunds. Finance Secretary Ralph Recto, Customs Commissioner Bienvenido Rubio, and Internal...
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SM for all: Conglomerate eyes provinces ‘where growth is accelerating’
MANILA, Philippines – As SM Investments Corporation (SMIC) marked the 20th anniversary of its listing on the Philippines Stock Exchange (PSE), the conglomerate promised to continue opening doors for...
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More Veggies Please? Metro Pacific eyes 10 more vegetable greenhouse facilities
BULACAN, Philippines – Business mogul Manny V. Pangilinan launched a new brand focused on making high-quality vegetables more accessible to businesses and households. It’s called “More Veggies Please”...
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It may take 8 years before Metro Manila condos are bought. Where are people...
MANILA, Philippines – Metro Manila has more condominium units available versus what it can sell. According to Colliers Philippines, a property consultancy firm, it may take over 8 years before the...
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Air Canada inaugurates non-stop route between Manila, Vancouver
MANILA, Philippines – Air Canada began direct flights between Manila and Vancouver on Thursday, April 3. Its maiden flight from Vancouver with flight code AC17 arrived at Ninoy Aquino International...
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