Garin told reporters that the Department of Energy (DOE) is still refining the auction terms after prospective bidders raised concerns over the bidding process for the Philippines’ largest coal mining site. (Philstar.com / File) MANILA, Philippines — The highly anticipated bidding for the Consunji Group’s flagship coal asset on Semirara …
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Manila targets June conclusion for EU free trade deal
A display of European Union flags (Unsplash) The Philippines will hold the next round of negotiations for a free trade agreement (FTA) with the European Union (EU) next month, taking one step closer towards the conclusion of a historic deal that would grant wider market access to the country’s exports. …
Read More »SMC Tollways’ first-quarter profit grew 7%
The new toll gates at the NAIAX, a public infrastructure project operated by the SMC Tollways Corporation. (Courtesy: Presidential Communications Office) SMC Tollways Corp. said Tuesday its first-quarter net income rose 7 percent, led by robust toll revenues across its major expressway networks. The company said it posted a net …
Read More »‘Philippines financial system still on solid footing’
At its quarterly meeting on May 20, the FSCC identified the ongoing Middle East war, vulnerabilities in corporate debt and rising household debt as risks to the Philippine financial system (Philstar.com / Irra Lising) But prolonged ME war may hurt bank profits “We see pockets of vulnerability in energy- and …
Read More »DTI eyes stricter safety certification for solar energy systems
Solar panels attached to a building (Unsplash) The Department of Trade and Industry (DTI) is studying a new policy that would regulate the manufacturing, distribution, and use of solar energy systems in the country as part of efforts to strengthen public safety and address concerns raised by electric utility firms. …
Read More »BCDA pushing Bataan as EV manufacturing hub
In a statement, the BCDA said it is ramping up efforts to advance EV development in Bataan (Pixabay / File) MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) is taking decisive steps to transform Bataan into a leading hub for electric vehicle (EV) development and manufacturing. In a …
Read More »Fast-fashion brand Shein buys eco-conscious Everlane
Everlane CEO Alfred Chang said his company would remain independent and committed to sustainability, quality People walk past the Everlane Soho store on Friday in New York City. Everlane, a U.S. retailer branded as sustainable, was purchased by the online retailer Shein according to Everlane’s chief executive Alfred Chang. The …
Read More »Stellantis unveils $70 billion strategy pivot under Filosa, with blitz of 60 new products
Workers inspect a Opel Mokka sport utility vehicle (SUV) on the production line at the Stellantis automobile plant in Poissy, near Paris, France, May 4, 2026 (Reuters/Benoit Tessier/File Photo) AUBURN HILLS, Michigan ― Stellantis on Thursday laid out a 60-billion-euro ($70-billion) strategy that marks a shift under new CEO Antonio …
Read More »Gov’t seeks to expand P2-b e-transport fund as demand surges
Department of Trade and Industry Secretary Cristina Roque holds a meeting with Angkas chief executive George Royeca to discuss initiatives supporting the expansion of electric vehicle (EV) adoption in the transport sector. Discussions centered on the SBCorp E-Transport Loan Program and potential collaboration opportunities between DTI and Angkas to assist …
Read More »The Pizza Huts from your childhood are making a comeback. Here’s why nostalgia sells
Parent company Yum Brands says 155 locations in the U.S. are ‘retro’ The signature red roof of a classic Pizza Hut is seen in this photo shared by Tim Sparks of Daland Corporation, one of the biggest Pizza Hut franchisees in the U.S. (Tim Sparks) It was once a sacred place, …
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