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Pilmico, LGU back Iligan farmers with new drying facility

Aboitiz Foods' agribusiness arm Pilmico has partnered with the Iligan City government to establish a corn drying facility aimed at boosting post-harvest efficiency for yellow corn farmers in the region.

Meralco sees stronger 2H sales on construction sector rebound

The Manila Electric Co. (Meralco) expects a boost in energy sales in the second half of 2025, driven by rising demand from the construction sector and related commercial activities.

Jollibee expands to Oregon amid surging U.S. demand

Jollibee has officially entered the Oregon market with the opening of its first store in the state, located at Tanasbourne Village Shopping Center in Hillsboro. The launch, held on 30 May, represents a milestone in the Filipino fast-food giant’s continued North American expansion, marking its 105th store in the region.

WESM prices drop 3.9% in June, easing power costs

The average electricity price at the Wholesale Electricity Spot Market (WESM) declined by 3.9 percent in June, bringing the national rate down to ₱3.86 per kilowatt hour (kWh) from ₱4.01/kWh in May, according to data from the Independent Electricity Market Operator of the Philippines (IEMOP).

RCBC renewable energy loans surpass coal for first time

Rizal Commercial Banking Corp. (RCBC) said Wednesday that its renewable energy (RE) loan portfolio has surpassed its coal financing for the first time, marking a major milestone in its shift toward sustainable finance.

Just in

The electric car is no longer asking for permission

The Philippine automotive market is beginning to look like a family reunion where everybody has arrived in a different vehicle, but everyone wants to talk about electricity. There are fully electric sedans, plug-in hybrid pickups, hybrid SUVs, and battery-powered crossovers competing for attention. The gasoline engine has not been invited to leave, but it is beginning to notice that the conversation has changed.

Panga exits PEZA after 28 years, cites 100,000 jobs

Tereso Panga is ending 28 years at the Philippine Economic Zone Authority (PEZA), citing more than 100,000 jobs created during his leadership as his most meaningful contribution to the investment promotion agency.

APECO secures P177M to study proposed Aurora international port

The Aurora Pacific Economic Zone and Freeport Authority (APECO) has secured P177 million in government assistance to prepare a feasibility study for a proposed international seaport in Casiguran, a project envisioned to turn Aurora into a gateway for manufacturing, logistics and Pacific trade.

BCDA targets P165B in new partnerships over three months

The Bases Conversion and Development Authority (BCDA) is targeting about P165 billion in additional investment partnerships within three months, expanding its development pipeline in agriculture, energy and aviation while seeking to turn rising private-sector interest into sustained government revenues and jobs.
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