Tag: rise
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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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Powering the Future: Exploring the Rise of Solar Energy in the Philippines
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Overview The solar sector in the Philippines is growing at 25% annually, driven by high electricity costs and the need for sustainable energy solutions. The country is transitioning from heavy reliance on fossil fuels to solar energy, reflecting growing climate change awareness and the economic benefits of renewable energy. Solaric…
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Women’s Involvement In Jordan’s Energy Sector On The Rise, Says Ministry Of Energy Secretary-General
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The Secretary-General of the Ministry of Energy and Mineral Resources, Engineer Amani Al-Azzam, highlighted the growing role of women in Jordan’s energy sector at the Fifth CIGRI Jordan Conference, held […] The post Women’s Involvement In Jordan’s Energy Sector On The Rise, Says Ministry Of Energy Secretary-General appeared first on…
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NG debt to rise to P17.35-T in 2025
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THE NATIONAL GOVERNMENT’S (NG) outstanding debt is projected to hit a record P17.35 trillion at the end of 2025, the Department of Budget and Management (DBM) said. The 2025 Budget of Expenditures and Sources of Financing showed the NG’s debt stock is expected to increase by 8.08% from the projected…
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Global Electricity Demand To Rise By 4% In 2024 And 2025: Report Highlights Major Growth And Renewable Contributions
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The International Energy Agency (IEA) has released its Electricity Mid-Year Update, forecasting a robust increase in global electricity demand over the next two years. The report predicts that demand will […] The post Global Electricity Demand To Rise By 4% In 2024 And 2025: Report Highlights Major Growth And Renewable…
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Visitor receipts rise by 33% in first half
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VISITOR RECEIPTS rose by 33% in the first six months of 2024, while international arrivals hit 3.17 million as of July 10, the Department of Tourism (DoT) said on Thursday. In a statement, the DoT said tourism receipts from inbound visitors hit P282.17 billion in the January-to-June period, about 32.8%…
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New vehicle sales rise by 5.5% in May
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PHILIPPINE AUTOMOTIVE SALES rose by an annual 5.5% in May, amid “good consumer demand,” according to an industry group.
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Dollar reserves rise to over 2-year high
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By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES saw its dollar reserves soar to its highest level in over two years, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. Gross international reserves (GIR) rose by 1.8% to $104.48 billion as of end-May from $102.65 billion as of…
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Government to counter the rise of cybercrime rate
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Aligned with the Philippine Development Plan (PDP) 2023 to 2028, President Ferdinand R. Marcos Jr. adopted the National Cybersecurity Plan (NCSP) 2023 to 2028 to address the rising number of cyber threats and serve as a whole-of-nation roadmap in cyberspace. “We are strengthening all our efforts anti-cybercrime, from detection and…