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.
Newly confirmed Transportation Secretary Vince Dizon has pledged to fast-track major transportation infrastructure projects to help ease the daily burden of millions of commuters and deliver on President Ferdinand Marcos Jr.’s directive to make travel safer and more comfortable across the archipelago.
In signaling the crackdown on corrupt practices within the customs system, the Bureau of Customs (BOC) on Wednesday arrested two customs brokers for allegedly extorting P2 million from a local freight forwarder. The operation, conducted jointly by the BOC’s Customs Intelligence and Investigation Services at the Manila International Container Port and the National Bureau of Investigation’s Anti-Organized and Transnational Crime Division (NBI-AOTCD), led to the swift arrest of Wyeth Lara Navales and her sister Leila Lara Navales in Ermita, Manila.
ACEN Corp., the Ayala group’s listed energy platform, is expanding its renewable footprint in North Luzon with the 133-megaWatt Cagayan North Solar project in Lal-lo, Cagayan.
Meralco PowerGen Corp. (MGen), a subsidiary of Manila Electric Co., has signed a strategic agreement with Saudi Arabia-based ACWA Power to explore joint renewable energy (RE) ventures in the Philippines and across Southeast Asia.