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

Energy & Mining Context.ph Context.ph -
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

Banking & Insurance Context.ph Context.ph -
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%

Transport & Logistics Context.ph Context.ph -
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 Context.ph Context.ph -
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

Energy & Mining Context.ph Context.ph -
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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Monsoon rains dampen 7-Eleven sales; company eyes long-term growth amid challenges 

Corporate 0
Philippine Seven Corp. (PSC), the operator of 7-Eleven convenience stores in the country, has reported a significant dip in sales, by as much as 20 percent, attributed to the incessant monsoon rains experienced over the past two weeks. Despite a strong performance up until July, bolstered by its annual "7-11 day" promotion, the company acknowledges the sensitivity of its sales to adverse weather conditions.

Habagat, TCs Luis & Maymay damage to agriculture sector reaches P1.42B

Agriculture 0
The Department of Agriculture (DA) reported a P1.42 billion damage to the agriculture sector due to the enhanced southwest monsoon (Habagat) and Tropical Cyclones Luis and Maymay, as of August 17. This figure rose from P1.03 billion earlier that day.

BPI eliminates corporate PESONet fees via BizLink to drive business efficiency

Banking & Insurance 0
To boost business operations and lower digital transaction hurdles across the country, the Bank of the Philippine Islands (BPI) has waived all PESONet transfer fees for payments processed through the Pay Non-BPI disbursement feature on its corporate platform, BPI BizLink.

TD SYNNEX expands IBM distribution footprint across Asia Pacific, Europe and Latin America

Communications & Technology 0
Tech Data, a TD SYNNEX company and leading global IT solutions distributor, has announced the expansion of its IBM distribution network. The initiative covers 20 new markets across Asia Pacific, Europe, and Latin America. In the Asia Pacific region, the expansion adds six new markets – Hong Kong, Macau, Malaysia (operating under the Tech Data brand there), Indonesia, Cambodia, and the Philippines. This builds on the company’s existing IBM operations in Australia, India, Singapore, and Vietnam, bringing the total number of APJ markets supported to ten.

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