The Economy and Development (ED) Council, which operates under the Department of Economy, Planning and Development (DEPDev) has given the green light to amendments covering the North-South Commuter Railway (NSCR) Operations and Maintenance (O&M) deal and the Mactan-Cebu International Airport (MCIA) public-private partnership (PPP) project, alongside adjustments to three major development programs and a review of class suspension rules.
The Philippines is capturing only a fraction of the value of its creative economy despite the sector already accounting for about 7.6 percent of gross domestic product, according to Isla Lipana & Co./PwC Philippines.
Manila Electric Co. (Meralco) is pushing for electricity distribution to be treated as strategic national infrastructure as rooftop solar, battery storage, and electric vehicles reshape how power is produced, delivered, and consumed.