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Gymnast Carlos Yulo wins Philippines 2nd Olympic gold

Great things do come in small packages. And Filipino gymnast Carlos Yulo proved that in Paris on Saturday, winning the Philippines’ second Olympic gold and the first for gymnastics.

Less than a third of renewable energy proponents push ahead and build power plants

A fairly large number of renewable energy firms propose sending their output to the National Grid Corporation of the Philippines (NGCP) and undergo so-called system impact studies (SIS), based on end-June data at the Department of Energy (DOE).

AG&P contracted to deliver 70 MW of geothermal power in Eastern Visayas

The Philippine-headquartered Atlantic, Gulf and Pacific Company of Manila Inc. (AG&P Industrial) has ventured into the renewable energy sector and partnered exclusively with Cresphil Inc., Energy Stream Power Corp. and Royal Eijkelkamp in a project delivering geothermal power in Eastern Visayas.

President Marcos accepts resignation of DTI chief Pascual effective 2 August

Trade Secretary Alfredo Pascual has decided to quit his post to return to the private sector, Malacanan Palace announced Wednesday. The Presidential Communications Office said...

Target 1,200-MW PH power capacity requires technology larger than micro or small nuclear reactors

The Manila Electric Co. (Meralco) recently acknowledged the inadequacy of original plans to embrace either the micro or small modular reactor (MMR/SMR) concept of power generation for the Philippines over the medium term given the need to generate 1,200 megawatts more capacity by 2032.

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SMFL expands Philippine footprint with RCBC stake

Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) is expanding its Philippine footprint after completing the acquisition of a 30 percent stake in RCBC Leasing & Finance Corp. (RLFC), positioning the Japanese financial services group to tap growing demand for leasing and asset financing.

UP study backs Maharlika fund for chip industry

A University of the Philippines study is urging the government to consider using the Maharlika Investment Fund (MIF) to finance a dedicated semiconductor development fund that could help the Philippines move into higher-value segments of the global chip industry.

DTI targets CARS arrears settlement before EVIS rollout

The Department of Trade and Industry (DTI) is targeting the settlement of outstanding incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program within the year before fully rolling out a new generation of automotive incentives, including the Electric Vehicle Incentive Strategy (EVIS).

CREBA urges housing reforms without hurting supply

The Chamber of Real Estate and Builders’ Associations (CREBA) is pushing for housing reforms that protect buyers while keeping homebuilding commercially viable, warning that excessive regulation and tax uncertainty could ultimately squeeze housing supply.

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