January 6, 2025
Maharlika plans its 1st investment in Q1
Rafael D. Consing, Jr. — COURTESY OF THE PRESIDENTIAL COMMUNICATIONS OFFICE By Aubrey Rose A. Inosante, Reporter THE MAHARLIKA Investment Corp. (MIC) is expected to make its first investment this quarter, most likely in the energy sector, its top official said. “Definitely the first quarter. I think we had a year to set up. We […]
January 6, 2025
DA wants maximum SRP on imported rice
A MAN unloads sacks of rice at a store along Dagupan St., Manila. — PHILIPPINE STAR/RYAN BALDEMOR By Adrian H. Halili, Reporter THE DEPARTMENT of Agriculture (DA) is seeking to impose a maximum suggested retail price (MSRP) for imported rice in an effort to further lower rice prices and curb profiteering by traders. “We will […]
January 6, 2025
‘No new taxes’ stance likely to hamper fiscal consolidation progress
People are seen shopping in Divisoria, Manila, Dec. 31, 2024. — PHILIPPINE STAR/RYAN BALDEMOR THE PHILIPPINE government must consider passing “politically acceptable” tax measures, such as those related to wealth, luxury goods, and carbon emissions, if it wants to achieve its fiscal consolidation goals. “The Marcos administration’s pledge to introduce ‘no new taxes’ has made […]
January 6, 2025
Roads, railways support needed for airport upgrades — analysts
PHILIPPINE STAR / MIGUEL DE GUZMAN By Ashley Erika O. Jose, Reporter THE Philippines is poised to boost its aviation sector by upgrading the Ninoy Aquino International Airport (NAIA) and other key airports, but this will only be successful if critical infrastructure projects are developed at the same time, according to analysts. More than three […]
January 6, 2025
NGCP sees timely completion of grid projects
IN JANUARY last year, the National Grid Corporation of the Philippines (NGCP) inaugurated the Mindanao-Visayas Interconnection Project, the Cebu-Negros-Panay 230-kilovolt (kV) backbone in April, and the Mariveles-Hermosa-San Jose 500-kV Line in July. THE NATIONAL Grid Corporation of the Philippines (NGCP) said it remains optimistic about keeping its ongoing grid projects on track despite encountering challenges. […]
January 6, 2025
JFC’s Milksha to acquire 70% stake in Taiwan’s Moon Moon Food
BW FILE PHOTO JOLLIBEE Foods Corp. (JFC) announced that its subsidiary Milkshop International Co., Ltd. will acquire a 70% stake in Taiwan’s Moon Moon Food, a wellness soup brand, for NT$103.8 million (P184 million). Milkshop, the company behind the Taiwanese bubble tea brand Milksha, signed a share sale and purchase agreement with Tien Hsia Sheng […]
January 6, 2025
Aragon-GoBio to succeed Gokongwei as RLC president, CEO
Maria Socorro Isabelle “Mybelle” V. Aragon-GoBio ROBINSONS Land Corp. (RLC) announced that Lance Y. Gokongwei is stepping down as its president and chief executive officer (CEO) and will be replaced by Maria Socorro Isabelle “Mybelle” V. Aragon-GoBio effective Feb. 1. Mr. Gokongwei will remain as RLC’s chairman despite relinquishing his role as president and CEO, […]
January 6, 2025
First Gen secures permit for LNG terminal in Batangas
BW FILE PHOTO FGEN LNG Corp., a wholly owned subsidiary of Lopez-led First Gen Corp., said it has received a permit from the Energy department to operate and maintain its interim offshore liquefied natural gas (LNG) terminal in Batangas. The permit allows the operation of the project for its own use and is valid for […]
January 6, 2025
MGen unit to build 600-MW gas-fired power facility in Singapore
MERALCOPOWERGEN.COM.PH PACIFICLIGHT Power Pte. Ltd. (PLP), a subsidiary of Meralco PowerGen Corp. (MGen), is set to build a 600-megawatt (MW) gas-fired power facility in Singapore after being awarded a contract by the Energy Market Authority (EMA). PLP has been awarded the right to build, own, and operate a hydrogen-ready combined cycle gas turbine (CCGT) facility […]
January 6, 2025
Machiavellian leadership and the quest for political reformation: Can strong leadership save a nation in crisis?
FREEPIK The nation is teetering on the brink of chaos. A fragile political ecosystem is under intense strain, especially with the scrutiny surrounding the 2025 national budget, which is laden with accusations of corruption. If not addressed with urgency and precision, this may reach a point where the people’s frustration boils over into civil unrest. […]
January 6, 2025
ERC to review $3-B LNG deal after PCC approval
BW FILE PHOTO THE ENERGY Regulatory Commission (ERC) said it will review the $3-billion energy landmark deal between Manila Electric Co. (Meralco), Aboitiz Power Corp. (AboitizPower), and San Miguel Corp. (SMC) following the recent approval by the Philippine Competition Commission (PCC). This is to ensure that the companies are in compliance with the market share […]
January 6, 2025
5 months’ worth of live music
SEBASTIAN-ERVI-UNSPLASH THIS YEAR will be another strong one for music lovers, with local and international acts populating the live concert lineup. Filipinos can expect hitmakers, indie artists, rockstars, rappers, and balladeers all throughout the year. Here is a rundown of live music to look forward to (and block off on your calendar) for the first […]
