Tag: philippines
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Philippines raises $2B from dollar bond sale
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THE PHILIPPINES raised $2 billion (P114.7 billion) from its first global bond sale this year, the Bureau of the Treasury (BTr) said on Wednesday.
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Philippines readies offering of dual-tranche dollar bonds
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THE PHILIPPINE government is readying a benchmark-sized issuance of dual-tranche dollar bonds, which would be its first global bond offering for this year. The country is looking to issue 10- and 25-year dollar bonds, based on a report by Reuters. Benchmark-sized issues are typically worth at least $500 million. The…
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Week In ASEAN: Over 1,984.775 MW Of Solar Energy Capacity Set To Surge In The Philippines; Beacon VC And SUN Group Close $3 Million Series A Funding Round For ION Energy; And More
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Powering The Future: Over 1,984.775 MW Of Solar Energy Capacity Set To Surge In The Philippines In a bid to fortify the country’s energy infrastructure and ensure grid stability, the […] The post Week In ASEAN: Over 1,984.775 MW Of Solar Energy Capacity Set To Surge In The Philippines; Beacon…
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Smart drives increase in 5G data traffic powered by the Philippines’ Best 5G Coverage Experience
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As 5G is fast becoming the connectivity of choice among mobile subscribers in the country, leading integrated telco network PLDT Inc (PLDT)’s wireless subsidiary Smart Communications, Inc (Smart) saw a sustained increase in average monthly 5G data traffic in 2023, bolstered by its award-winning 5G mobile network. In 2023, average…
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Philippines’ ongoing power crisis is not artificial, says Marcos
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PRESIDENT Ferdinand R. Marcos, Jr. on Monday dispelled fears that the Philippines was experiencing an artificial power crisis after the country’s sole grid operator again raised a yellow alert in the Luzon and Visayas grids, citing an El Niño-driven increase in demand. “It definitely is not an artificial crisis because…
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A significant fixture in the Philippines’ sustained economic progress
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Infrastructure serves as the backbone of economic activity, enabling the efficient movement of goods and people, facilitating trade, and enhancing overall productivity. Research indicates that every public dollar invested in infrastructure yields a substantial economic return. For instance, a 2022 analysis by the World Bank revealed that public investment has…
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Barriers to Solar Adoption in the Philippines
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What are the barriers to solar adoption in the Philippines? High initial cost and financing Lack of awareness and education Technological and technical challenges Better policy and regulatory framework Grid constraints and issues Overview This article discusses the challenges hindering the widespread adoption of solar energy in the Philippines and…
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Week In ASEAN: Gurīn Energy Approves Final Investment Decision for Capas Solar Power Project In The Philippines; ADB and Buskowitz Solar Inc. Sign $12 Million Deal To Boost Solar Energy In The Philippines; And More
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Gurīn Energy Approves Final Investment Decision for Capas Solar Power Project in the Philippines Singapore-based renewable energy developer Gurīn Energy has announced today the approval of a final investment decision […] The post Week In ASEAN: Gurīn Energy Approves Final Investment Decision for Capas Solar Power Project In The Philippines;…
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Philippines lags Southeast Asian neighbors in smart tourism index
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By Beatriz Marie D. Cruz, Reporter THE PHILIPPINES lags behind some of its Southeast Asian neighbors in terms of readiness in developing smart tourism ecosystems, hampered by high internet costs and accessibility issues in rural areas, the Asian Development Bank (ADB) said. In a report entitled “Smart Tourism Ecosystem Development…
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Philippines’ main grids placed under red, yellow alerts
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By Ashley Erika O. Jose, Reporter THE PHILIPPINES’ main grids on Wednesday experienced a shortfall of energy supply for the seventh time this month, with a yellow alert being raised over the Mindanao power grid for the first time in 2024. In a statement, the National Grid Corp. of the…