2024 new RE capacity tops 794 megawatts

NEW renewable energy (RE) capacity hit a record 794.34 megawatts (MW) in 2024, exceeding the combined new capacity installed over the preceding three years,...

FDI inflows fall 20% in November

NET INFLOWS of foreign direct investment (FDI) into the Philippines slumped in November, preliminary data from the central bank showed. FDI net inflows fell...

DA: High pork prices may be due to profiteering

THE DEPARTMENT of Agriculture (DA) is looking at imposing a maximum suggested retail price (MSRP) for pork as prices remain elevated amid reports of...

PHL may hit low end of growth target this year

THE PHILIPPINE ECONOMY will likely hit the low end of the government’s 6-8% growth target this year, Capital Economics said. “Our forecast is that growth...

Philippine motor vehicle production drops 7% in November

MOTOR VEHICLE PRODUCTION in the Philippines declined in November, reflecting the wider downtrend in the Association of Southeast Asian Nations (ASEAN) region, according to...

PSEi drops further on fresh Trump tariff threats

PHILIPPINE SHARES retreated for the third straight day on Monday following new tariff threats from US President Donald J. Trump. The Philippine Stock Exchange index...

Peso weakens on renewed tariff jitters

THE PESO weakened against the dollar on Monday after US President Donald J. Trump said he will introduce new tariffs on all steel and...

DBM: Procurement reform plays role in cutting debt

DEPARTMENT of Budget and Management (DBM) Secretary Amenah F. Pangandaman said that pending revenue measures and procurement reform promise to bring the National Government’s...

Renewables dominate list of ‘significant’ energy projects

RENEWABLE ENERGY projects topped the list of projects classified by the Department of Energy (DoE) as energy projects of national significance (EPNS), granting them...

EV industry lobbies for more policy support

DOMESTIC manufacturing of electric vehicles (EV) and the electrification of the public transport fleet will require stronger policy support to sustain growth, after EV...

Maharlika, CP Group to set up $1-billion agri investment fund

THE Maharlika Investment Corp. (MIC) and Thailand’s Charoen Pokphand Group Co., Ltd. (CP Group) have agreed to set up a private equity fund to raise up to $1 billion for investment in agriculture and food production, digital innovation, and sustainable energy.

BSP to cut rates by 25 bps — poll

THE BANGKO SENTRAL ng Pilipinas (BSP) is expected to cut rates for a fourth straight meeting on Thursday, analysts said, amid within-target inflation and weaker-than-expected gross domestic product (GDP).