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Gov’t eyes nuclear in power mix by 2032

The Department of Energy (DOE) has reaffirmed the target to integrate nuclear power into the country's energy mix by 2032, while advancing renewable energy (RE) development through more than 10,000 megawatts (MW) of new capacities under the fourth round of the Green Energy Auction (GEA 4).

Philippine economy expands at a slower 4% in 3Q

The Philippine economy expanded 4.0 percent in the third quarter, its slowest pace since the COVID-19 pandemic, as household and government spending were weighed down by bad weather and a high-profile corruption probe into public works projects, the Philippine Statistics Authority reported Thursday.

P8.8-B floating solar project proposed in Tarlac

The Department of Environment and Natural Resources (DENR), through its Environmental Management Bureau (EMB), has set a public scope for the proposed 140-megawatt (MW) floating solar power project in Paniqui, Tarlac.

DA eyes P120/KG limit for imported red onions

The Department of Agriculture (DA) is set to impose a separate maximum suggested retail price (MSRP) for imported red onions as prices remain high, according to DA Secretary Francisco Tiu Laurel Jr.

Ayala Land unit to infuse P19.5B in assets into AREIT via swap

Ayala Land Inc. said the board of its listed real estate investment trust, AREIT Inc., has approved the issuance of 441.1 million common shares...

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Gov’t moves to tighten fishing safety rules, protect fishers

The Philippines is working to strengthen rules that protect Filipino fishers while keeping the local fishing industry competitive.

Ayala Land boosts recurring revenues with Arca South mall

Ayala Land is deepening its push into stable, recurring income streams with the opening of Ayala Malls Arca South, a 100,000-square-meter retail hub set to anchor long-term commercial activity in its emerging Arca South estate.

LT Group to keep P6B–P8B spending plan, but reviews it amid global risks

LT Group Inc., the holding company of tycoon Lucio Tan’s businesses, said it will keep its planned capital spending for the year at P6 billion up to P8 billion, but is reviewing the plan due to uncertainty linked to the conflict in the Middle East.

Globe At Home offers free internet speed boost amid rising costs and energy concerns

Globe At Home is giving its customers a free internet speed upgrade of up to 1Gbps as part of its effort to help Filipino households cope with rising living costs and the ongoing energy situation.
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