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“Optimize use of existing coal-fired infrastructure”

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Coal-fired power plants will continue to provide the base load upon which electrical grids in the Philippines will provide in the next forty years unless a new power source is found, the Department of Energy (DOE) said.

“Taking care of reserve system key to ensuring uninterrupted power during La Nina”

Agriculture Context.ph Context.ph -
The Department of Energy supports a prompt lifting of the mandate suspending the payment of billions of pesos worth of electricity generated by companies...

Discounted rice sale of only P29 a kilo muster NFA Council approval

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The National Food Authority (NFA) Council is selling aging buffer rice stocks via the various Kadiwa rolling stores for only P29 a kilo. 

Rice, corn output seen lower in 2Q on El Nino impact—PSA estimates

Agriculture Context.ph Context.ph -
Rice and corn production is projected to have dropped in the second quarter, with water shortage caused by El Nino reducing both yield and areas cultivated for the important grains, the latest estimates from the Philippine Statistics Authority showed. 

Four-month remittances aggregate $12 billion

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The personal remittances of overseas Filipinos, an important source of foreign exchange for the Philippines, grew by 2.8 percent in the first four months this year to USD 12.01 billion, the Bangko Sentral ng Pilipinas reported on Monday.
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Gov’t orders cut in airport fees to help lower air travel costs

Transport & Logistics 0
Transportation Secretary Giovanni Lopez has directed the Civil Aviation Authority of the Philippines (CAAP) to reduce Passenger Service Charges (PSC) and airport navigation fees in airports operated by the agency.

Coffee costs clip Universal Robina profits

Corporate 0
Universal Robina Corp., the listed food unit of the Gokongwei Group, posted modest revenue growth last year but saw profits ease as unusually high coffee input costs squeezed margins, highlighting how volatile commodity prices continue to challenge food manufacturers.

ASEAN ministers urge restraint in Middle East, shield region’s economy

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Economic ministers of the Association of Southeast Asian Nations on Friday called for urgent de-escalation of tensions in the Middle East, warning that prolonged conflict could ripple across global energy markets and threaten Southeast Asia’s fragile economic recovery.

Fuel price spike clouds Cebu Pacific growth

Energy & Mining 0
Cebu Pacific, the budget carrier unit of the Gokongwei Group, is bracing for potential turbulence from rising global fuel prices, even as the Philippines’ largest budget airline continues to post steady passenger growth early this year.

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