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Thai stevia firm eyes Philippine investment

Trade & Investments Context.ph Context.ph -
A Thai stevia processing company is studying a potential USD30-million investment in the Philippines, signaling growing investor interest in the country’s role in the fast-expanding natural sweetener market.

Charter flights bring home OFWs amid Middle East tension

Economy Context.ph Context.ph -
The Philippine government has begun repatriating overseas Filipino workers (OFWs) from several Middle East countries through chartered and commercial flights as tensions in the region continue to disrupt travel routes.

MORE Power bill heads to Senate

Context Dispatch Context.ph Context.ph -
The House of Representatives has approved on third and final reading a measure expanding the franchise area of More Electric and Power Corporation (MORE Power), sending the bill to the Senate for further deliberation and moving a step closer to widening electricity distribution coverage in Iloilo province.

DENR issues notice of violation over motocross track project in El Nido

Environment Context.ph Context.ph -
The regional office of the Department of Environment and Natural Resources (DENR) in MIMAROPA Region has issued a Notice of Violation to the developer...

Power rates rise in March; households, businesses face higher electricity bills

Energy & Mining Context.ph Context.ph -
The Manila Electric Company (Meralco) announced a power rate increase for March, raising electricity prices by P0.6427 per kilowatt-hour (kWh).
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Honda hits breaks on EVs, faces JPY2.5T losses

Transport & Logistics 0
Honda Motor Co. Ltd. said Thursday, March 11, it is scrapping three planned electric vehicle models for North America in a dramatic strategy reset that could saddle the Japanese automaker with losses of up to JPU2.5 trillion (around USD16–billion).

DOTr cracks down on steep hikes in shipping rates

Transport & Logistics 0
The Department of Transportation (DOTr) has warned domestic shipping lines against imposing steep passenger fare hikes, signaling tighter oversight from regulators led by the Maritime Industry Authority (MARINA).

Subic charts bold course into cruise facility

Transport & Logistics 0
The Subic Bay Freeport Zone is plotting a major leap into the regional cruise tourism market with plans to build a dedicated cruise ship terminal worth about P10 billion, an investment that also coincides with renewed shipbuilding activity and expanding container operations in the port hub.

Frasco out as DOT chief, stays in Cabinet

Context Dispatch 0
Secretary Christina Garcia Frasco will remain in the Cabinet of President Ferdinand Marcos Jr. but will step down as head of the Department of Tourism to become Presidential Adviser for Sustainable and Resilient Communities. Malacañang said tourism Undersecretary Verna Buensuceso will serve as officer in charge of the agency until a new tourism secretary is appointed. The Palace did not immediately explain the leadership change, and it remains unclear whether recent criticism surrounding the tourism department’s promotional campaign had any bearing on Frasco’s reassignment. Palace Press Officer and Undersecretary Claire Castro said President Marcos expressed his appreciation for Frasco’s leadership at the tourism department.
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