A woman buys food items at a supermarket in Quezon City, March 4, 2022. — PHILIPPINE STAR/ MICHAEL VARCAS By Keisha B. Ta-asan, Reporter INFLATION likely slowed for a fourth straight month in May due to favorable base effects and a decline in prices of energy and some food items, […]
Debt service bill more than doubles in March
BW FILE PHOTO By Luisa Maria Jacinta C. Jocson, Reporter THE NATIONAL Government’s (NG) debt service bill more than doubled in March from a year ago, data from the Bureau of the Treasury (BTr) showed. The government’s debt payments surged by 111% to P142.171 billion in March from P67.389 billion […]
BoI approves P532B worth of investment pledges
Philippine flags line the road in the City of Dasmariñas in Cavite, June 2, 2023. — PHILIPPINE STAR/EDD GUMBAN INVESTMENT APPROVALS by the Board of Investments (BoI) more than doubled as of mid-May, led by renewable energy projects. The Board of Investments (BoI) said it approved investment pledges worth P532.27 […]
Gov’t targeting to privatize P2.5-B assets this year
Finance Secretary Benjamin E. Diokno holds a press briefing in Malacañang on May 30, 2023. — PHILIPPINE STAR/KRIZ JOHN ROSALES THE DEPARTMENT of Finance’s (DoF) Privatization and Management Office (PMO) is targeting to dispose of at least 143 properties worth P2.5 billion for the rest of the year. “The aggressive […]
ACEN set to expand battery system in Australia
ACEN Corp. has secured approval from the government of New South Wales to increase the capacity of its battery energy storage system in Australia. In a statement on Sunday, the Ayala-led energy company said the facility’s capacity will be increased to 2,800 megawatt-hours (MW) or 1,400 MW per two hours […]
EDC plans to drill two geothermal prospects
LOPEZ-LED Energy Development Corp. (EDC) is further expanding its geothermal power generation capacity in the Philippines with two prospects scheduled for drilling next year, its president said. Richard B. Tantoco, EDC president and chief operating officer, said between now and next year, the renewable energy arm of listed First Gen […]
A tale of two Kia shops
1 of 4 THE RAPID EXPANSION of Kia Philippines has been further accelerated by the simultaneous opening of Kia Otis and Kia Marikina — both under the multi-branded Autohub Group. These dealerships are the 43rd and 44th Kia dealerships in the country. Both dealerships, which also showcase Kia’s new global […]
BlueFloat: Offshore wind to bring PHL energy security
GLOBAL offshore wind developer BlueFloat Energy said accelerating the development of the vast wind energy resources in the Philippines will help hasten the country’s energy security ambition. “We are thrilled to bring BlueFloat Energy’s expertise and experience in offshore wind energy to the Philippines. We believe that by tapping into […]
Is the future of motoring (still) electric?
Yes, but not yet — at least for most of us A TRIP to any of the advanced economies in Asia and Europe will show how ubiquitous electric vehicles (or EVs) are in the motoring landscape of these countries. The recently held Manila International Auto Show (MIAS) clearly highlighted the […]
Wearing your faith on your wrist, and neck, and ears
IN SEEKING the divine, we turn to the best of what the earth has to offer. Jewelry is never too far from religion: we remember the Breastplate of Judgment in the Bible, made of 12 precious stones; and the numerous rosaries, reliquaries, and other religious items made of precious stones […]