Philippine companies are sharpening their sights on Saudi Arabia as Manila ramps up a trade push to plug local exporters into the Kingdom’s surging infrastructure and consumer markets.
The 797-megawatt Caliraya-Botocan-Kalayaan (CBK) hydroelectric complex in Laguna has been formally turned over to the Thunder Consortium, marking a major step in strengthening the country’s power system as more renewable energy comes online.
Vibrio cholerae, a bacterium that can cause severe gastrointestinal illness, has been detected in fish, fishery resources, and environmental water samples from aquaculture farms around Manila Bay, according to a study published in the December issue of the Philippine Journal of Science.
The Philippine Coffee Board Inc. (PCBI) has welcomed the Department of Agriculture’s creation of a Coffee Industry Development Office (CIDO), calling it a timely move that could strengthen the country’s coffee sector and benefit both farmers and consumers.
The Energy Regulatory Commission (ERC) has raised the Green Energy Auction Reserve (GEAR) price for offshore wind projects to P11 per kilowatt-hour (kWh) under the fifth round of the government’s Green Energy Auction (GEA-5) program.
Ayala Land Inc. is setting aside between P70 billion and P80 billion in capital spending this year, lower than last year’s P92.9 billion, as it shifts focus toward leasing and hospitality projects that generate steady income.