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DA highlights tuna industry impact on economy, food security

Agriculture Secretary Francisco P. Tiu Laurel Jr. on Wednesday underscored the important role played by the tuna industry in generating investments, creating jobs and ensuring the country’s food security at the start of the 24th National Tuna Congress and Trade Exhibit in this southern city hailed as the tuna capital of the Philippines.

Meralco acquires additional SPNEC shares

Meralco PowerGen Corp., a unit of power distributor Manila Electric Co., is buying an additional 11.6 percent stake in SP New Energy Corp. worth P7.5 billion from shares owned by Leandro L. Leviste.

DOE mulls 55 percent biodiesel blend for power generation

The Department of Energy (DOE), likely in coordination with the National Power Corp. (NPC), plans ramping up the biodiesel mix sharply to 55 percent among power generation companies as part of the larger goal of reducing the country's carbon footprint.

PNOC helps NEDA manage electricity consumption across Calabarzon

The National Economic Development Authority in Calabarzon (NEDA-Calabarzon) has asked the Philippine National Oil Co. (PNOC) for help in managing its electricity consumption across facilities in Cavite, Laguna, Batangas and Quezon.

First Gen seeks bids for new cargo of LNG needed by Batangas power plants

Lopez-owned First Gen Corporation is seeking bids for a cargo of liquefied natural gas (LNG) for its gas-fired power plants at the First Gen Clean Energy Complex in Batangas.

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Sari-sari stores, farmers hit by proposed SSB tax

Industry groups are calling on the government to review a proposal to sharply raise excise taxes on sweetened beverages under the ProGRESS Bill, warning it would hurt local sugar farmers, businesses and consumers while raising questions over its real benefits.

New DICT chief bares revamp plan; affordable internet for Filipinos

Newly installed Department of Information and Communications Technology Secretary Robert Joseph M. de Claro is pushing for an organizational restructuring to boost the department’s performance and deliver more effective digital public services to Filipinos.

GCash anniversary offers free MRT rides, P10 meals

GCash is marking its 22nd anniversary with a nationwide promotional campaign offering free MRT-3 rides, P10 chicken meals and prizes worth up to P100,000, as the financial technology platform seeks to reward users through October 31.

$1.5-B ADB loan targets fuel costs, jobs amid crisis

The Philippine government has secured USD1.5 billion in emergency financing from the Asian Development Bank (ADB) to help cushion households, commuters and businesses against rising fuel prices and economic disruptions stemming from the Middle East conflict.
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