Category: Uncategorized
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May inflation likely hit 4% — poll
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HEADLINE INFLATION likely quickened for a fourth straight month in May, mainly due to a spike in electricity costs, analysts said.
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Debt service bill declines by 21% in April — Treasury
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THE NATIONAL Government’s (NG) debt service bill fell in April amid a drop in amortization payments, the Bureau of the Treasury (BTr) said. Data from the BTr showed that debt repayments declined by 21% to P161.695 billion in April from P204.763 billion in the same month a year ago. Month…
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Hot money outflows reach $312M in April
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MORE short-term foreign capital left the Philippines than entered for a second straight month in April, data from the Bangko Sentral ng Pilipinas (BSP) showed. BSP data showed that transactions on foreign portfolio investments registered with the central bank through authorized agent banks posted a net outflow of $312.18 million…
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L’Oréal launches beauty tech startup competition
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To spur the next era of beauty, L’Oréal has launched the Big Bang Beauty Tech Innovation Program in the South Asia Pacific, Middle East and North Africa (SAPMENA) region, including the Philippines. The biggest open innovation competition of this scale for the beauty sector, it offers promising startups the chance…
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Lawmakers urged to consider policy costing before approving new laws
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LAWMAKERS must consider the cost of proposed laws to ease pressure on the government’s finances, according to a think tank attached to the House of Representatives. “The Philippines presently has no office designated to do policy costing,” the Congressional Policy and Budget Research Department (CPBRD) said in a discussion paper.…
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DoST SETUP-backed MSME boosts significant invention in abaca industry
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To upgrade the technological capabilities and improve the productivity and efficiency of micro, small, and medium enterprises (MSMEs) in the country, the Department of Science and Technology (DoST) is taking a notch higher in strengthening its scientific and technological initiatives through its Small Enterprise Technology Upgrading Program (SETUP). The SETUP…
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EDC set to put four geothermal power facilities online in 2024
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The Energy Development Corporation in the Philippines has 82 MW of geothermal power generation projects in the pipeline, all set to begin operations this year. The post EDC set to put four geothermal power facilities online in 2024 first appeared on ThinkGeoEnergy – Geothermal Energy News.
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Brooklyn, New York geothermal project wins Plastics Pipe Institute award
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The 1 Java Street project, a mixed-used development in Brooklyn, New York with a geothermal heat pump system, has won Project of the Year from the PPI. The post Brooklyn, New York geothermal project wins Plastics Pipe Institute award first appeared on ThinkGeoEnergy – Geothermal Energy News.
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PGE, PLN sign agreement to combine efforts to optimize geothermal power in Indonesia
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Pertamina Geothermal Energy and PLN have signed an agreement to jointly develop binary power plants in the existing Ulubulu and Lahendong sites Indenoia. The post PGE, PLN sign agreement to combine efforts to optimize geothermal power in Indonesia first appeared on ThinkGeoEnergy – Geothermal Energy News.