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Oil heads for weekly fall on demand worries, dollar strength

Energy & Mining Context.ph Context.ph -
Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant.

Ayala Group takes controlling stake in EV battery swapping joint venture

Corporate Context.ph Context.ph -
Ayala Corp. said Friday that along with a Globe Telecom Inc. subsidiary, it has taken a controlling stake in an electric vehicle battery swapping joint venture with a unit of Nasdaq-listed Gogoro Inc.

LTFRB lifts ban on sale of CPCs

Top News Context.ph Context.ph -
THE Land Transportation Franchising and Regulatory Board (LTFRB) on Thursday announced the lifting the prohibition on the sale and transfer of Certificates of Public Convenience (CPC) for Public Utility Vehicles (PUVs).

Aurora, Quezon declared avian influenza-free provinces

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) on Thursday cleared the province of Aurora and Quezon from avian influenza (AI).

China quietly recruits overseas chip talent as US tightens curbs

Communications & Technology Reuters Reuters -
For a decade until 2018, China sought to recruit elite foreign-trained scientists under a lavishly funded program that Washington viewed as a threat to U.S. interests and technological supremacy.
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PH, Egypt explore new trade openings, revive economic talks

Trade & Investments 0
The Philippines and Egypt are exploring new avenues for trade and investment cooperation, with discussions ranging from textile manufacturing opportunities using premium Egyptian cotton to the possible revival of a bilateral economic committee aimed at deepening commercial ties.

Mixed fuel price adjustments set this week; supply levels rise

Energy & Mining 0
The Department of Energy (DOE) announced mixed price adjustments for fuel this week. Gasoline may drop by as much as P1.70 per liter or rise by up to P0.30 per liter.

Nine advance in first review of PH offshore wind auction

Agriculture 0
The Department of Energy (DOE) has confirmed that nine companies have passed the initial evaluation for offshore wind projects under the fifth Green Energy Auction (GEA5), down from more than 20 original applicants.

Sectors push corn as bioethanol feedstock amid fuel, food trade-off

Agriculture 0
The Department of Agriculture (DA) has confirmed growing calls to amend Joint Administrative Order No. 2008-1, which limits approved bioethanol raw materials to only sugarcane and molasses, to include corn as an additional feedstock. The proposal remains under review and awaits final decision from the National Biofuels Board, with officials noting the move is being reconsidered amid an ongoing fuel crisis.

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