The Philippine trade deficit widened further to USD4.13 billion in March, as export growth failed to keep pace with the double digit expansion in imports, the Philippine Statistics Authority said Wednesday.
A Negros Occidental lawmaker is pushing for an immediate increase in the country’s ethanol-blended fuel from 10 percent (E10) to 15 percent (E15), calling it a “practical and timely” solution to rising fuel prices and the worsening crisis in the sugar sector.
Mead Johnson, a United Kingdom-based nutrition company, is relocating its Philippine headquarters to Uptown Bonifacio in Taguig City, underscoring continued demand for premium office space from multinational firms.
Jobin-SQM Inc. (JSI), part of Nickel Asia Corp.’s clean energy unit Emerging Power Inc. (EPI), has handed over P4.44 million to the Peninsula Electric Cooperative (Penelco) to fund the expansion of power lines in Bataan.
Farmers in Camarines Sur now have a more affordable and reliable way to water their crops after the Department of Agrarian Reform (DAR) turned over P332 million worth of solar-powered irrigation systems.