Gen X Energy enters into a joint venture with ACE Enexor Inc., a subsidiary of AC Energy Corp., to develop Batangas Clean Energy, Inc.’s (“BCE”) 1,100 MW combined cycle power plant project. The project will be capable of using natural gas and green hyd…

The Bureau of Customs (BOC)-Port of Davao seized 1,020 master cases of smuggled cigarettes with an estimated value of Php 28,872,000.00 on Jan. 18, 2022, at Davao International Container Terminal (DICT), Panabo City, Davao Del Norte.Derogatory informat…

The Department of Agriculture (DA) released a total of 3-billion-peso worth of agricultural interventions to aid farmers and fisherfolk affected by Typhoon Odette, which caused havoc in almost 10 regions, with the Visayas severely hit.“For the last two…

The local government is extending its deadline for the renewal of business permits upon the request of the Department of the Interior and Local Government (DILG) to help business owners affected by the pandemic. Geraldine Zamora, head of Business Permit and Licensing Division Office (BPLDO), said Wednesday the city council has approved a resolution for the extension of the January 20 deadline for the renewal of business permits. The extension based on the approved resolution from the city council has now been extended until Feb. 28, 2022 without surcharges and penalties. “Mayor Ronnel Rivera had earlier requested the extension to

The main stock gauge returned to the negative territory on Wednesday after a recovery in the previous session on volatile trading overseas, while the peso managed to close the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 1.12 percent, or 82.42 points, to 7,261.54 points. All Shares followed with a drop of 0.70 percent, or 27.15 points, to 3,855.25 points. The majority of the sectoral indexes tracked the main index, with Property declining by 1.76 percent; Financials, 1.38 percent; Services, 1.15 percent; and Holding Firms, 1.03 percent. On the other hand, the Mining and Oil