The Philippines is expanding its submarine cable network and has contracted the Japanese telecommunications giant IPS Inc. and affiliate InfiniVAN Inc. in a $150 million project linking Luzon to islands in the Visayas and Mindanao.
President Ferdinand Marcos Jr. has set price ceilings on rice to counter alleged price manipulation that has driven higher the cost of the country’s staple food, his office said Friday.
Rice prices in key exporting countries including Thailand and Vietnam have climbed around 20 percent since India, the world's biggest shipper of the grain, banned shipments of a key variety in July, tightening global supplies.
Aboitiz Power Corp. on Thursday targets to covert 40 percent of its fleet of four-wheelers and bikes into electric vehicles by 2030 and fully electric by 2040.Aboitiz Power said the target supports the Electric Vehicle Industry Development Act which mandates industrial and commercial firms to keep at least five percent of its fleet as EVs.
The National Power Corp. (NPC), in tandem with the European Union (EU) and the World Bank (WB), has turned over completed solar power plants to electric cooperatives (ECs) in Samar, South Cotabato and Sultan Kudarat in ceremonies held Thursday in General Santos City.
The Department of Environment and Natural Resources (DENR) will hold a public scoping on January 27, 2026, for the proposed expansion of the Sangilo gold and silver mines in Itogon, Benguet.
COL Financial Group Inc. is advising investors to stay invested in the stock market, citing low inflation, easing interest rates, and cheap stock prices despite economic and global headwinds.
Meralco PowerGen Corp. (MGEN) moved to dispel mounting speculation over its renewable energy investments, stressing that its stake in SP New Energy Corp. (SPNEC) has no connection to the solar franchise held by Solar Para Sa Bayan Corp. (SPBC), a company linked to the Leviste group.
The Philippine Stock Exchange Inc. (PSE) said it could raise about P170 billion in capital funds this year through initial public offerings (IPOs), private placements and preferred share sales, about 20 percent higher than the P140 billion raised last year.