Tag: expected
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Electricity Rates Expected to Rise Amid Summer Heat and Election Campaigns
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MANILA, Philippines — Electricity rates in the country’s power spot market may increase in the coming months as demand rises due to hotter temperatures and political campaign rallies. The Wholesale Electricity Spot Market (WESM), where electricity is traded, recorded an average price of P2.96 per kilowatt-hour (kWh) last month, the…
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Fuel Prices Expected to Rise Next Week – DOE
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Motorists should brace for higher fuel prices next week, according to the Department of Energy (DOE) on Friday. Based on international trading over the past four days, DOE-Oil Industry Management Bureau Assistant Director Rodela Romero shared the estimated price adjustments for petroleum products: Gasoline – Increase of P0.45 to P0.75…
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Improvements at the Manila International Airport expected by early 2025
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The number of travelers who go through the Manila International Airport (MIA) have grown from 32 million to 50 million per year, according to Department of Transportation (DOTr) Secretary Jaime J. Bautista. “Pag pupunta ka rito sa MIA ay makikita mo na napakacongested. Mahaba ang pila, kung minsan walang maupuan,…
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Gov’t urged to prepare for expected surge in rice imports
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THE MARCOS ADMINISTRATION should ensure that the lower tariffs on imported rice will not result in a further decline in rice self-sufficiency, the Philippine Chamber of Agriculture and Food, Inc. (PCAFI) said. In a letter to President Ferdinand R. Marcos, Jr., PCAFI President Danilo V. Fausto aired the group’s “grave…
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Neoen Inaugurates 93 MWp Fox Coulee Solar Farm in Alberta, Expected to Generate 100 GWh Annually
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Neoen , a global leader in renewable energy production, has announced the launch of its Fox Coulee solar farm in Starland County, Alberta. The plant, with a capacity of 93 […] The post Neoen Inaugurates 93 MWp Fox Coulee Solar Farm in Alberta, Expected to Generate 100 GWh Annually appeared…
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BSP expected to keep rates steady
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THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to extend its policy pause for a fifth straight meeting this week as inflation risks remain.
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Proposed Luzon corridor expected to attract more investments from businesses de-risking from China
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AN ECONOMIC CORRIDOR that the United States proposes to put up in the Philippine main island of Luzon would help the country attract American and Japanese companies seeking to reduce dependence on China, according to trade experts.