Mining groups warn of risks from ore export ban
The Chamber of Mines of the Philippines (COMP) and the Philippine Nickel Industry Association (PNIA) have raised concerns over the potential economic fallout of Senate Bill 2826, which seeks to ban the export of raw ore unless processing plants are built within five years.
ADB approves $500M PH disaster resilience loan
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to bolster the country’s disaster resilience and response capacity. The loan will support the Second Disaster Resilience Improvement Program, aimed at improving the country’s ability to manage natural hazards and health-related emergencies, ensuring quicker recovery and minimizing economic disruptions.
PSE acquires smaller stake in PDS, adjusts deal with BAP
The Philippine Stock Exchange (PSE) has reached a revised agreement with the Bankers Association of the Philippines (BAP) to purchase a smaller stake in the Philippine Dealing System Holdings Corp. (PDS), a key player in the country’s fixed income market.
SIDC Project on track to boost regional connectivity and economic growth
The Department of Public Works and Highways (DPWH) is progressing steadily on the P23.5 billion Samal Island-Davao City Connector (SIDC) Project, with completion slated for 2028.
21 RE projects qualify under GEA-3
The Department of Energy (DOE) on Wednesday announced that 21 renewable energy (RE) projects have qualified for the third round of the Green Energy Auction (GEA-3), signaling a significant shift in the nation’s energy landscape.
