Palay prices rebound in November as import freeze bites
Farm gate prices of palay posted a modest recovery in November, offering some relief to rice farmers after months of sharp declines. Data from the Philippine Statistics Authority (PSA) showed the national average palay price rose to P16.92 per kilo, up 6.5 percent from P15.89 in October.
NMIA ignites boom in Bulacan, Pampanga
San Miguel Corp.’s New Manila International Airport (NMIA) is fast emerging as a powerful growth engine that could transform Bulacan and Pampanga into the country’s next major investment hotspot.
ERC sets reserve price for offshore wind auction
The Energy Regulatory Commission (ERC) has set the preliminary reserve price for the fifth round of the Green Energy Auction (GEA5) at P10.3859 per kilowatt-hour for fixed-bottom offshore wind projects.
ERC raises WESM secondary price cap limits
The Energy Regulatory Commission (ERC) has approved the upper limit of the secondary price cap (SPC) helping hold the Wholesale Electricity Spot Market (WESM) together, a mechanism meant to protect consumers from sharp price spikes.
Vena Energy secures $210M for Ilocos Norte solar project
Renewable energy developer Vena Energy has secured $210 million in financing for a 300-megawatt solar power project in Ilocos Norte, marking its first full international project financing in the Philippines.
