Day: December 3, 2025

Manila: The Philippine Competition Commission (PCC) announced on Wednesday that the proposed joint venture between Prime Infrastructure Capital Inc. and First Gen Corporation is not anticipated to reduce competition in the energy sector. According to Philippines News Agency, the PCC’s Phase 1 review results indicated that the Mergers and Acquisitions Office examined two horizontal and four vertical markets, concluding that the transaction is unlikely to substantially decrease competition in any identified markets. The joint venture agreement involves Prime Infrastructure acquiring a majority stake in seven holding companies under the Lopez-owned First Gen. These holdings include stakes in several gas-fired power

Surigao: Department of Public Works and Highways (DPWH) Secretary Vince Dizon has expressed disappointment over the unfinished infrastructure projects in two towns in the province of Surigao del Norte. During an inspection on Tuesday, the DPWH chief was frustrated to see the unfinished Maasin and Asinan bridges in the municipality of Pilar. Both structures began construction in 2021 and were declared complete in 2022. Dizon was also disappointed when he saw that the flood control project in Barangay Tuburan in Del Carmen town was still under construction. According to Philippines News Agency, a report indicated that the project was at

Manila: Two weather systems will cause rains in parts of the country on Wednesday, the weather bureau said. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) reported that the Intertropical Convergence Zone (ITCZ) affecting southern Mindanao will bring scattered rains and thunderstorms across Basilan, Sulu, and Tawi-Tawi. According to Philippines News Agency, rains triggered by the northeast monsoon, locally known as “amihan,” will prevail in Cagayan Valley, Ilocos Norte, Apayao, Kalinga, and Aurora. PAGASA has advised that moderate to heavy rains in these areas may result in flash floods or landslides. The northeast monsoon is also expected to cause

Pasay city: Risks from a global economic slowdown have been lessened by the institution of the Tatak Pinoy Program, which ensures a national industrialization program that will benefit local businesses. Department of Economy, Planning and Development (DEPDev) Undersecretary Rosemarie Edillon, during a panel discussion at the launching of the Tatak Pinoy Program in Pasay City, said DEPDev officials were concerned about a 47.7-point drop in the Philippines’ S and P Global Manufacturing Purchasing Managers Index (PMI) for November. According to Philippines News Agency, an index of above 50 shows expansion, but numbers below this indicate otherwise. However, Edillon said the

Manila: A nationwide Senate survey has unveiled a significant pattern of dissatisfaction among local water districts concerning their agreements with PrimeWater. The survey indicates that most districts are either initiating or preparing to initiate the termination of their joint venture agreements (JVAs) due to unmet commitments, poor service quality, and stalled infrastructure projects. According to Philippines News Agency, during a public hearing of the Senate Committee on Public Services, chaired by Senator Raffy Tulfo, it was disclosed that survey forms were sent to all local water districts operating under PrimeWater’s 75 JVAs. Out of the 70 water districts that responded,