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Sounds ironic but mining needed to foster green technology—MVP

Manuel Pangilinan, chairman of Philex Mining Corp., the country’s largest gold and copper producer, said Wednesday that as ironic as it sounds, the success of green technologies needed to pursue global sustainability goals depend on the growth the mining industry.

Government backs ambitious minerals development program with puny P60-million budget

The government has an ambitious minerals exploration and development program this year and beyond but has budgeted only P60 million for its execution.

College equivalency program hurdles House

THE House of Representatives early on Monday approved on third and final reading the proposed law institutionalizing the Expanded Tertiary Education Equivalency and Accreditation Program (ETEEAP), which, if enacted, would allow undergraduate professionals to get a bachelor's degree.

Manila commits to making targeted economic missions

The economic managers on Monday bared plans to persist in making targeted economic missions in the years forward as strategy to sustain not only the economic gains but also to future proof the $404 billion southeast Asian economy.

House leader hints broadly of ad hoc incentives at Monday meet with oil stakeholders

“We will try to find a win-win solution for our people and, of course, those in the oil industry."

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PEZA, Oman target investments across four strategic industries

The Philippine Economic Zone Authority (PEZA) and Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) have identified four priority industries for deeper investment cooperation, as both countries seek to strengthen trade and position their economic zones as complementary gateways to regional markets.

Davao durian shipped to Oman in new trial export

The Department of Agriculture announced Tuesday that 56 boxes of Davao durian, weighing 1.08 metric tons and worth around P183,000 ($3,000), have been sent to Oman. The shipment from Engseng Food Products of Davao City is bound for Jeel Almaaly International in Al Dakhiliyah Governorate.

Petron net income drops 28% on high oil costs

Petron Corp. reported a 28 percent fall in first-half net income to P3.8 billion from P5.3 billion a year earlier, the company said Tuesday. The decline was mainly due to Middle East tensions pushing crude, import and freight costs higher. Dubai crude averaged $91 a barrel, up 27 percent year-on-year.

Singapore’s USEL eyes Philippine logistics, data center investments

Singapore-based Universal Success Enterprises Limited (USEL) is exploring investments in logistics parks and data centers in the Philippines, underscoring growing foreign interest in sectors benefiting from the country's expanding digital economy and infrastructure buildout.

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