Proterial, AUSI seal 20-year clean energy PPA
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.
August inflation eases, but price pressures remain
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 gets incentives for P19-billion steel project
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.
Philippines pitches Polish investors on high-growth industries
The Philippines is pitching itself to Polish investors as an emerging production and technology hub in Southeast Asia, highlighting opportunities in semiconductors, digital services, food processing, renewable energy, shipbuilding, and other industries as companies seek to diversify supply chains.
PH urged to commercialize homegrown innovation for growth
The Philippines needs to move more homegrown innovations from laboratories and prototypes into commercial use to raise productivity and sustain economic growth as the country moves into upper-middle-income status, government officials said Thursday.
