Grid operator to appeal P5.1-million ERC fine
THE National Grid Corp. of the Philippines (NGCP) will appeal a P5.1-million fine imposed by the Energy Regulatory Commission (ERC) over its alleged failure to procure adequate reserve power, the NGCP’s 40.2% shareholder Synergy Grid and Development Philippines, Inc. told the exchange.
Philippines urged to spell how offshore wind industry can help meet energy mix targets
THE renewable energy industry needs the government to draft a plan giving offshore wind projects a clear role in decarbonizing the power industry, after the announcement of plans to form a panel that will promote investment in offshore wind farms, renewables advocates said.
Battery tech seen sufficiently mature to support PHL’s renewables push
THE Philippines is ready to tap battery energy storage systems (BESS) to make intermittent power sources like wind and solar suitable for servicing baseload needs, an energy-transition consultant said.
Spain’s Elecnor exploring PHL solar, offshore wind
SPAIN’s Elecnor SA is looking into solar and offshore wind development projects in the Philippines, a company official said.
House bills seeking VAT suspension for utility bills refiled
LEGISLATORS have refiled House bills seeking to suspend value-added tax on utilities like power and water, citing the need to provide inflation relief to consumers.
Agricultural production rises in Q3
AGRICULTURAL PRODUCTION rose in the third quarter, as growth in crops, livestock, and poultry sectors offset the decline in fisheries output, the Philippine Statistics Authority (PSA) said on Wednesday.
Second-quarter GDP revised upward to 7.5%
THE PHILIPPINE ECONOMY grew slightly faster than initially reported in the second quarter, the Philippine Statistics Authority (PSA) said on Wednesday.
Meralco raises electricity rates for November
RESIDENTIAL CUSTOMERS in areas served by Manila Electric Co. (Meralco) will see higher electricity bills this month due to the increase in the generation charge.
Making e-commerce great for business
WHEN THE PHILIPPINE e-commerce industry was in its infant stages, Steve Sy took the chance to learn everything about it and started his own e-distributor company, Great Deals E-commerce Corp. (Great Deals). Today, Great Deals is the leading e-distributor in the Philippines, catering to multinational brands.
Peso up on GDP revision, farm output
THE PESO continued to rise versus the greenback on Wednesday as data showed the Philippine economy expanded faster than initially reported in the second quarter and as agricultural output rose in the third quarter.
PHL shares drop as focus shifts to GDP, US CPI
STOCKS declined on Wednesday as investors stayed on the sidelines ahead of the release of third-quarter Philippine gross domestic product (GDP) data and October US inflation data.
Marcos committed to joining RCEP — Trade dep’t
THE Department of Trade and Industry said the Marcos administration is committed to signing up for the Regional Comprehensive Economic Partnership (RCEP).