Thursday, 09 October 2025, 10:30 am

    Tag: Editors' Picks

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    DOE reiterates support for sustained decommissioning of coal-fired power plants

    The Department of Energy (DOE) on Wednesday reiterated its support to replace coal-fired power plants with renewable energy generators and lauded ACEN Corp. for voluntarily retiring its 246-megawatt South Luzon coal-fired power plant.

    Japan signs 3 new grant contracts under the GGP scheme

    Japan Ambassador to the Philippines Koshikawa Kazuhiko signed three grant contracts under Grant Assistance for Grass-Roots Human Security Projects (GGP) at the Japan Information and Culture Center Hall, Embassy of Japan in Pasay City. The total grant amount of USD 237,390 (approximately P13.27 million) will fund the construction of a one-story four-classroom high school building, provision of an ambulance, and provision of a portable chest X-ray machine.

    Programs seen reducing road accident deaths by 35%

    The Department of Transportation (DOTr) targets to reduce road accident deaths in the Philippines by 35 percent by 2028 through implementation of various programs under the  Philippine Road Safety Action Plan. 

    Laurel reworks rice import system with a mandatory bond

    Agriculture Secretary Francisco Laurel Jr. has overhauled the process by which rice stocks are fortified to ensure uninterrupted supply, saying henceforth rice importers post a mandatory bond equal to 10 percent of any shipment.

    DOE all set for greater investor participation in green energy

    The Department of Energy (DOE) is sanguine that geography and reputation will help drive investments in the energy sector, more so now when the Philippines ranked high in the BloombergNEF Climate 2023 report as among the most attractive emerging markets for investments in the power sector.

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    New app services help OFWs stay connected

    PLDT Global Corp. has deepened its partnership with stc Pay Bahrain to enhance digital services for overseas Filipino workers (OFWs) in the Kingdom of Bahrain.

    BSP recognizes Visayas partners for advancing financial inclusion and stability

    The Bangko Sentral ng Pilipinas (BSP) honored ten outstanding institutional partners from the Visayas during the 2025 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC), underscoring the critical role of collaboration in achieving a stable, inclusive financial system.

    ACEN invests P1.9B in affiliate NAREDCO

    ACEN Corp. has invested P1.9 billion in its affiliate, Natures Renewable Development Corp. (NAREDCO), through the subscription of 419,690 redeemable preferred shares priced at P4,527.16 each.

    UnionBank to inject P1.5B into CitySavings

    Union Bank of the Philippines, the banking arm of the Aboitiz Group, has approved a capital infusion of up to P1.5 billion into its thrift bank subsidiary, City Savings Bank Inc. (CitySavings), to support the latter’s continued expansion and operational needs.

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