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At 99,396 megawatts, the Philippines owns the largest batch of prospective wind and solar projects that have been hatched by any sovereign in southeast Asia, larger than even Vietnam's 86,218 MW, the think tank Global Energy Monitor has reported.

Filipinos working overseas sent back to the Philippines in November USD2.7 billion in cash, up 2.8 percent from the USD2.6 billion remitted in the year-earlier period, data from the Bangko Sentral ng Pilipinas said Tuesday.

The Philippines is seen growing its economy at a rate faster than six percent in terms of the gross domestic product (GDP) between this year and 2026, the financial information and analytics firm S&P Global recently reported.

At the meeting convened only last week, the DENR sought the participation of local chief executives from the five GEM sites to highlight the urgency of the matter. The five GEMS include the prime tourist destinations of El Nido and Coron in Palawan; Panglao in Bohol; Puerto Galera in Oriental Mindoro; and Siargao Island in Surigao del Norte.

The World Bank projects local output growth in the Philippines accelerating by 5.8 percent this year and next, up from an estimated growth of 5.6 percent in 2023.