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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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    Japan warm to PH investment drive

    Japanese investors gave a strong vote of confidence in the Marcos Jr. administration’s economic agenda during the Philippine Economic Briefing (PEB) held in Osaka, which drew over 280 investors and guests.

    SSS taps BDO to manage balanced fund mandate

    BBDO Unibank, Inc. has been appointed as the trustee for the Social Security System’s (SSS) Balanced Fund mandate, marking a significant step in the agency’s efforts to safeguard and grow pension funds for Filipino workers and retirees.

    AEV backs landmark Coca-Cola Plant in Tarlac

    Aboitiz Equity Ventures Inc. (AEV), a major shareholder in Coca-Cola Europacific Aboitiz Philippines (CCEAP), has marked a significant milestone with the groundbreaking of CCEAP’s new 42-hectare manufacturing facility at TARI Estate in Tarlac City—one of the largest Coca-Cola plants globally and among its most substantial infrastructure investments to date.

    Aboitiz signs P7.4B deal for Olongapo solar project

    Aboitiz Renewables Inc., through its wholly-owned subsidiary AP Renewable...

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