Last year’s Geological Conference or GEOCON 2023 of the Geological Society of the Philippines (GSP) (Dec. 5-6, 2023) highlighted 57 oral reports and 86 poster presentations throughout 10 sessions. The theme of the conference is “Our Natural Resources: Fueling the Energy Transition Journey”. There was a rich discussion among the presenters and the audience...
Australian-based global financial services firm Macquarie Group Ltd. has expressed interest in investing in renewable energy, value-added mining, and digitalization efforts in the Philippines, Malacañang said Tuesday. The commitment was made during President Ferdinand R. Marcos Jr.’s meeting with Macquarie Group executives on the sidelines of his parti...
The Department of Energy (DOE) launched on Monday eight predetermined areas (PDAs) for exploration, development, and production of indigenous energy sources across the country. Four of these are in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), three of which are for petroleum and one for coal. DOE Undersecretary Alessandro Sales, duri...
The Manila Electric Company (Meralco) has expressed its support to the government’s 2032 nuclear power target by installing 1,200 megawatts capacity using small modular reactor technologies. Meralco executive vice president and chief operating officer Ronnie Aperocho said in an interview early this week that the company aims to usher this target of the...
Listed upstream oil and gas company PXP Energy Corp. remains interested in exploration activities for new sources of energy in the country. “PXP will assess and study other projects in the Philippines,” it disclosed to the Philippine Stocks Exchange on Thursday. It said the company and its subsidiary, Forum Energy Ltd., would continue to coordinate ...
Sustained construction on the next phase of the Pasig River Urban Development Project would interconnect the showcase area at the back of the Manila Central Post Office with the walled city of Intramuros. The 500-meter showcase area of the Pasig River rehabilitation project, dubbed the “Pasig Bigyan Buhay Muli” (PBBM), was completed on Jan. 17 with the...
Vietnam’s largest real estate firm Vingroup has expressed interest in investing in the production of electric vehicle (EV) batteries in the Philippines, Malacañang said Tuesday. The plan was discussed during President Ferdinand R. Marcos Jr.’s meeting with Vingroup executives on the first day of his state visit to Vietnam on Monday, Presidential Commun...
Danish firm Copenhagen Infrastructure Partners (CIP) is investing PHP108 billion to develop the 650 megawatt (MW) offshore wind power project in Northern Samar, the provincial government announced on Friday. The local government said that Board of Investments (BOI) Assistance Service Director Ernesto de los Reyes confirmed this in a meeting with Govern...
The Philippines and Indonesia on Wednesday signed a memorandum of understanding (MOU) to strengthen their cooperation in the field of energy. President Ferdinand R. Marcos Jr. and Indonesian President Joko Widodo witnessed the exchange of MOU on energy cooperation between the Department of Energy and Indonesia’s Ministry of Energy and Natural Resources...
House Speaker Ferdinand Martin G. Romualdez on Thursday said the signing of two agreements on nuclear cooperation constitute a significant stride towards providing Filipinos with cheaper, cleaner and sustainable electricity. Romualdez made this remark as he witnessed the signing of a groundbreaking cooperative agreement between Meralco and Ultra Safe N...
Last September 5, 2023, Australian Embassy in the Philippines Deputy Head of Missions, Dr Moya Collett, led a media briefing at the Australian Embassy to announce the launch of Australia’s Southeast Asia Economic Strategy to 2040. These strategies are intended to improve bilateral trade and investments with Southeast Asia. Australian Embassy’s First Secre...
Meralco chairman Manuel V. Pangilinan said the 3,500 megawatts of direct current (MWdc) solar power farm project in Nueva Ecija of SP New Energy Corp. (SPNEC), over which a unit of Meralco will have the majority shares, will need PHP200 billion worth of investments. In Meralco’s press conference in Ortigas Monday, Pangilinan said the project will also ...
On October 10, 2023, the sixth Philippines–Australia Ministerial Meeting (PAMM) was held in Adelaide, South Australia. The dialogue was headed by Trade and Tourism Minister Senator, the Honorable Don Farrell. The event was chaired by the Australian Ambassador to the Philippines, Her Excellency HK Yu PSM, along with other representatives from the private s...
MANILA, Philippines – The German Philippine Chamber of Commerce and Industry (GPCCI) welcomes the announcement by the European Union (EU) regarding their intention to explore the relaunch of negotiations for a Free Trade Agreement (FTA) with the Philippines. [1] GPCCI Executive Director, Mr Christopher Zimmer said, "We are glad to see that the EU...
Celebrating its 10th anniversary, the Philippine Extractive Industries Transparency Initiative (PH-EITI) epitomizes the nation's undying commitment to transparency and accountability within the realms of oil, gas, and mineral resource management. This beacon of transparency, adhering to the global standards set by the EITI, illuminates the Philippine gove...
The country bagged USD50-million worth of funding for renewable energy (RE) projects during the state visit of President Ferdinand R. Marcos Jr. to Malaysia this week. In a statement Sunday, Philippine-based private equity investor New Wave Strategic Holdings, Inc. and its partner, Emissary Capital Partners Sdn Bhd, said their investments here could ge...
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