Twenty-eight top-performing engineering students from across the Philippines have completed the 280-hour PowerCamp internship program of the Meralco Power Academy (MPA), gaining hands-on technical skills, industry exposure, and leadership training to prepare them as the country’s next generation of energy professionals.
Advent Upgrade Solar Inc. (AUSI) and Proterial Philippines Inc. have signed a 20-year power purchase agreement (PPA) to supply solar power to Proterial’s LIMA Estate facility, marking the industrial park’s first ground-mounted solar project.
Philippine inflation eased to a five-month low of 6.1 percent in August, offering some relief after prices accelerated sharply earlier this year, but the reading remained elevated enough to underscore the Bangko Sentral ng Pilipinas’ decision to raise interest rates last week.
SteelAsia Lemery Works Inc. has secured investment incentives for a P19-billion project in Batangas that will produce medium steel sections locally, marking a shift in government policy toward using incentives to fill specific gaps in the domestic industrial base.
The Bureau of Internal Revenue (BIR) is testing a digital document tracking system designed to cut processing delays, reduce misplaced records and strengthen accountability as the tax agency pushes to make taxpayer services faster and more efficient.
Electrified vehicles could account for as much as 30 percent of Philippine automotive sales by yearend, underscoring the rapid shift toward alternative powertrains even as the broader vehicle market is expected to contract.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is targeting up to 1 gigawatt (GW) of renewable energy capacity in Casiguran, Aurora, as it seeks to build the power infrastructure needed to attract manufacturers and accelerate industrialization in the province.
Japan Tobacco International (JTI) is warning that further increases in excise taxes on cigarettes could accelerate the decline of the Philippines’ legitimate tobacco market, potentially creating more room for illicit cigarettes to expand.