NPC to begin renewable energy procurement for off-grid plants in February
The National Power Corporation (NPC) on Thursday committed to begin the procurement phase of its accelerated hybridization plan (AHP) in the first two weeks of February 2025, marking a significant step toward integrating renewable energy (RE) into the state-run firm’s off-grid power plants.
House OKs landmark P200 daily wage hike for private sector workers
The House Committee on Labor and Employment has approved a bill mandating a P200 daily across-the-board wage increase for private sector workers, marking a significant step forward in the push for higher wages.
Developers seek growth beyond Metro Manila as condo glut worsens
With a growing supply glut in Metro Manila’s condominium market, developers are increasingly looking to regional areas for growth, according to Colliers Philippines.
Moderna shares struggle as earnings outlook weakens
Shares of biotechnology company Moderna Inc., which are listed on the NASDAQ, continued to struggle on declining demand for its COVID-19 vaccine, which drove its revenue in 2021 and 2022 and helped propel it to prominence during the pandemic.
Philippine aviation accident-free in 2024
The Civil Aviation Authority of the Philippines (CAAP) on Thursday reported a 48 percent reduction in aviation-related accidents in 2024 compared to the previous year.
