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US helping Ph in workforce capacity building ahead of wind energy boom

The United States Agency for International Development (USAID) is helping the Department of Energy (DOE) train a local workforce head of the anticipated boom in offshore wind (OSW) and other renewable energy (RE) projects in the country.

Bautista commits to accelerate big-ticket infra projects

The Department of Transportation (DOTr) on Wednesday vowed to accelerate the completion of big-ticket infrastructure projects worth P4.8 trillion designed to sustain the country’s transport industry.

Water franchisees, MWSS partner in watershed management roadmap

The water distribution utilities serving Metro Manila have committed to the Metropolitan Waterworks and Sewerage System to help fund and carry out programs to protect and rehabilitate the watershed areas that supply water to Angat, Ipo and La Mesa dams.

Phoenix Petroleum to raise P1B from SG subsidiary divestment

Phoenix Petroleum Philippines Inc. on Wednesday said it will raise as much as $19,210,000 or P1.09 billion from the divestment of its stake in PNX Petroleum Singapore Pte. Ltd. (PNX SG).

DBM allots P22 billion to strengthen healthcare services nationwide

Budget Secretary Amenah F. Pangandaman on Wednesday confirmed an allocation of P22.98 billion for the Health Facilities Enhancement Program (HFEP) of the Department of Health (DOH) designed to boost  healthcare standards 

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Philippines aims to become Asia clinical research hub

The Philippines is positioning clinical research and life sciences as a potential new high-value growth engine as the Department of Trade and Industry (DTI) works with AstraZeneca to expand clinical trials and attract more health-related investments.

AboitizPower sells two power barges to MORE Power

Aboitiz Power Corp. has sold two mothballed power barges to Iloilo-based utility More Electric and Power Corp. (MORE Power), transferring ownership and operational control as the power sector continues to reshape its generation assets.

Benitez seeks emergency powers to fix Visayas power crisis

House Deputy Speaker and Bacolod Rep. Albee Benitez is pushing Congress to grant President Ferdinand Marcos Jr. emergency powers to tackle the Visayas power crisis.

PSEi, peso pressure builds ahead of inflation

Philippine markets enter Monday under renewed pressure, with the PSEi vulnerable to a test of 5,500 and the peso hovering near P63 to the dollar as investors await September inflation and reassess the outlook for monetary policy.
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