Full foreign ownership possible for geothermal, major hydro
SOME TYPES of renewable energy like geothermal are open to full foreign ownership, while other clean power sources are also being studied for similar liberalization, according to the National Renewable Energy Board (NREB).
Pagbilao project certified as ‘nationally significant’
ENERGY WORLD Corp. Ltd. (EWC) said its 650-megawatt (MW) power project in Pagbilao, Quezon was certified as an “energy project of national significance” by the Department of Energy (DoE).
April taxes plummet amid crisis
GOVERNMENT tax collection continued to plunge in April, largely because of the extension of tax payment deadlines amid lockdown measures, the Department of Finance (DoF) said on Tuesday.
PSEi climbs on vaccine news, bargain hunting
STOCKS ended in green territory on Tuesday following positive developments on a coronavirus disease 2019 (COVID-19) vaccine candidate and bargain hunting.
Peso strengthens as BSP keeps interest rates steady
THE PESO strengthened on Thursday as markets expected the central bank to keep rates steady at its policy meeting later in the day.
Peso inches up vs dollar as sentiment improves
THE PESO inched up versus the greenback on Wednesday on the back of market optimism over the possible partial lifting of restrictions in the United States as well as gains in the local stock market.
PHL urged to use fintech to lower remittance costs
THE PHILIPPINES must take steps to make remittances more efficient, even as financial technology has improved in the country, money transfer solutions company Ripple said.
PSE index drops to 7,300 level as virus spreads
THE MAIN INDEX fell to the 7,300 level on its fourth consecutive day of decline on Thursday as investor worries on the novel coronavirus continued to drag the local market.
PSE index drops further amid lack of catalysts
THE MAIN INDEX continued to go down on Wednesday as investors erred on the side of caution, with the growing number of coronavirus disease 2019 (COVID-19) cases threatening economic recovery.
NREB confirms higher quota for contracted RE power
THE National Renewable Energy Board (NREB) confirmed Thursday that it recommended an increase the minimum level of electricity contracted from renewable energy (RE) developers to 2.5% from the current 1%.
PHL-France sign tourism cooperation agreement
FRANCE AND the Philippines have signed an agreement to strengthen tourism ties and increase the flow of visitors both ways.
Q2 GDP contraction seen deeper
THE PHILIPPINE ECONOMY is widely expected to have declined much faster in the second quarter compared with the previous quarter, according to economists.