Category: Uncategorized
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DBM submits P6.352-T national budget to House
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THE DEPARTMENT of Budget and Management (DBM) on Monday submitted to the House of Representatives its proposed P6.352-trillion national budget for 2025, which increases allocations for education by less than 1% and for defense by 6.4%, while more than doubling the budget for transportation.
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Senate ratifies bicam report on 12% VAT on foreign digital service providers
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THE SENATE on Monday adopted the bicameral conference committee report on a bill imposing a 12% value-added tax (VAT) on digital service providers without a physical presence in the Philippines such as e-commerce giants Amazon, Shein and Taobao. The reconciled version of the bill reinforces the Bureau of Internal Revenue’s…
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Philippines ranks 4th in Southeast Asia for IPO proceeds in first half
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THE PHILIPPINE STOCK Exchange (PSE) ranked fourth in Southeast Asia for proceeds generated from initial public offerings (IPOs) in the first half of the year, according to a report by multinational professional services network Deloitte. “Despite only having two new listings during the first half of 2024, the Philippines’ capital…
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SPCG Aims for Carbon Neutrality by 2030 and Partners with INNOPOWER to Trade Renewable Energy Certificates
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Dr. Wandee Kunchorayakong Juljarern, Chairman and Chief Executive Officer of SPCG Public Company Limited (“SPCG”), has announced the company’s goal to achieve carbon neutrality by 2030. SPCG, a leading pioneer […] The post SPCG Aims for Carbon Neutrality by 2030 and Partners with INNOPOWER to Trade Renewable Energy Certificates appeared…
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EBRD Boosts North Macedonia’s Green Finance With €3.5 Million Loan To Komercijalna Banka AD Skopje
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The European Bank for Reconstruction and Development (EBRD) is intensifying its commitment to green finance by providing new funds to Komercijalna Banka AD Skopje in North Macedonia. The EBRD’s loan […] The post EBRD Boosts North Macedonia’s Green Finance With €3.5 Million Loan To Komercijalna Banka AD Skopje appeared first…
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U.S. Secretary Of Energy, Granholm Highlights Urgency Of Clean Energy Transition At P-TECC Ministerial In Romania
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During her address at the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) Ministerial, U.S. Secretary of Energy Jennifer M. Granholm emphasized the critical importance of advancing clean energy initiatives […] The post U.S. Secretary Of Energy, Granholm Highlights Urgency Of Clean Energy Transition At P-TECC Ministerial In Romania appeared…
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Development Finance Institutions Play A Crucial Role In Global Energy Investments – Analysis
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In a recent analysis, the International Energy Agency (IEA) has underscored the pivotal role of Development Finance Institutions (DFIs) in driving global energy investments, particularly in emerging markets and developing […] The post Development Finance Institutions Play A Crucial Role In Global Energy Investments – Analysis appeared first on SolarQuarter.
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SONATRACH And TOSYALI Sign MoU To Produce Green Hydrogen For Steel Industry In Algeria
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At SONATRACH’s headquarters, a Memorandum of Understanding (MoU) was signed between SONATRACH and TOSYALI Iron Steel Industry Algeria SPA. The ceremony was attended by Mr. Rachid Hachichi, President & CEO […] The post SONATRACH And TOSYALI Sign MoU To Produce Green Hydrogen For Steel Industry In Algeria appeared first on…
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High rates seen to weigh on growth
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METROPOLITAN Bank & Trust Co. (Metrobank) Research trimmed its gross domestic product (GDP) forecast for the Philippines this year as elevated interest rates continue to crimp domestic demand.
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PHL to resume sugar exports to US
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THE PHILIPPINES will resume exports of raw sugar to the United States amid an increase in domestic production this year, the Sugar Regulatory Administration (SRA) said in an order.