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Citicore, SMC Global in a 153.5MW solar farm joint venture

Corporate Context.ph Context.ph -
Citicore Renewable Energy Corp. said it formed a joint venture company with SMC Global Light and Power Corp. that will develop, construct, and operate a153.5 megaWatt solar power farm in Mariveles, Bataan.

ERC sets draft price cap on reserve power sold at WESM

Energy & Mining Context.ph Context.ph -
The Energy Regulatory Commission (ERC) has issued a draft resolution proposing a price cap as a mitigating measure in the sale of reserve power at the Wholesale Electricity Spot Market (WESM).

Globe Telecom projects positive cash flow in two years

Transport & Logistics Context.ph Context.ph -
Globe Telecom over the weekend projected reverting to positive cash flow by 2025 as it optimizes spending in line with strategic cuts in capital expenditure. 

MVP picks Rubio as MGen president and CEO

Corporate Context.ph Context.ph -
Manila Electric Co. subsidiary, Meralco PowerGen Corp. (MGen) has appointed Emmanuel Rubio as its new president and chief executive officer starting the first day of July.

Pinoy travelers to Japan up 20% in only three months

Transport & Logistics Context.ph Context.ph -
Cebu Pacific (CEB) reported flying nearly 110,000 passengers to Japan in only the first three months this year, exceeding the pre-pandemic level by 20 percent and nearly double the figure from the same period last year.
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PhilExport urges MSMEs to turn trade deals into export wins

Trade & Investments 0
The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.

DA asks Senate to back P198.4-B 2027 budget to protect farmers, secure food

Agriculture 0
The Department of Agriculture is urging lawmakers to approve its P198.4-billion proposed 2027 budget, noting farmers and fisherfolk now face rising costs, climate risks, and global economic pressures.

DOE stands firm on new coal bidding rules to bolster national energy strategy 

Energy & Mining 0
The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.

Vingroup plans $500M EV plant in Philippines, EVIS role unclear

Mobility 0
The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.
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