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Tanay wind power prospects attract potential partners

Renewable energy developer Alternergy Holdings Corp. said that subsidiary, Alternergy Tanay Wind Corp. has received proposals from global and local energy companies to co-develop the proposed...

Consumer sales, ad revenue help cut ABS-CBN 2022 losses by 54%

ABS-CBN Corp. on Thursday reported a sharp 54 percent reduction in net loss to only P2.6 billion in 2022 from P3 billion in 2021...

Monetary Board raises policy rate by 25 basis points

The policy-making Monetary Board on Thursday decided to raise the interest rate on the Bangko Sentral ng Pilipinas’ overnight reverse repurchase facility by 25 basis...

SMC water savings reach 33.8 billion liters

On World Water Day, San Miguel Corp. (SMC) reported that its businesses collectively saved some 33,865,901,000 liters of water from 2017 to 2022--equivalent to...

PLDT core profits widen to P33.1B last year

PLDT Inc. on Thursday reported telco core net income growing 10 percent last year despite the  challenging economic environment. The country’s largest telco said telco...

Just in

FAST backs backhaul logistics to curb food prices

Farmers and agricultural stakeholders are being urged to consolidate output and adopt backhaul logistics to help stabilize food prices and cut fuel use amid the ongoing energy crisis, according to FAST Logistics Group.

Philexport pushes stronger reforms on MSME Magna Carta

Business groups are urging lawmakers to strengthen proposed amendments to the Magna Carta for Micro, Small and Medium Enterprises (MSMEs), warning that persistently weak credit access shows decades of policy efforts have fallen short.

Nickel sector seeks incentives, zones for competitiveness

Industry leaders are pressing the government to roll out stronger fiscal incentives and establish dedicated industrial zones to accelerate the Philippines’ shift into value-added nickel processing and close the gap with regional competitors.

Prolonged Middle East conflict threatens Asia growth outlook

The Asian Development Bank (ADB) warned that a prolonged conflict in the Middle East could shave up to 1.3 percentage points off economic growth in developing Asia and the Pacific over 2026–2027, while pushing inflation higher by as much as 3.2 percentage points if energy disruptions persist for more than a year.
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