SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) rose to P12.715 billion in February, the Bureau of the Treasury said.Budgetary support to GOCCs rose 35.3% from the P9.401 billion a year earlier.No subsidies were provided in January.In February, the National Irrigation Administration received the most

NEW GUIDELINES that will reduce application processing time for exploration permits and mineral processing operations are due out this year, according to the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA).On the sidelines of the Philippine Chamber of Commerce

FREEPIKTHE PHILIPPINES is around 53 gigawatts (GW) away from hitting its 2040 renewable energy (RE) capacity goal, the Department of Energy (DoE) said.“We would be needing around 53 gigawatts of additional renewable energy capacity by 2040, with an equivalent of 175 terawatt-hours of renewable energy

MOREPOWER.COM.PHPOWER DEMAND in Iloilo City is expected to grow 6-8%, driven by the growth in business activity, according to MORE Electric and Power (MORE Power).“We’re having a peak of about 132 megawatts this year, that’s our projected (demand) and that’s about 9% higher from last

PHILSTAR FILE PHOTOTHE GOVERNMENT needs to focus on strengthening its regulatory capacity rather than re-entering the power generation and distribution industry, a non-government organization (NGO) said.The government’s re-entry into the power sector could result in higher electric consumer charges, according to Nic Satur, Jr., Partners

By Justine Irish D. Tabile, ReporterMORE COMPANIES from the European Union (EU) are seeking to enter the Philippines, with information technology (IT) investments from the bloc already surpassing investments from North America, according to the Philippine Economic Zone Authority (PEZA).In a Viber message, PEZA Director

IN BRIEF:• Upskilling is one clear priority toward upgrading legacy systems, but 94% of CROs say they need new skills and resources to meet the changing needs of the risk management function.• Third-party technology in digital transformation efforts can be revolutionary for customers and for

PHILIPPINE Air Force personnel view the US Air Force air assets displayed at Subic airport as part of Balikatan 2023 exercises in Subic, Zambales on April 23, 2023. — PHILIPPINE STAR/WALTER BOLLOZOS By Kyle Aristophere T. Atienza, ReporterTHE PHILIPPINES, United States, Japan and Australia are

FREEPIKBy John Victor D. Ordonez, ReporterLAWMAKERS should buck the “lowest bidder policy” while considering changes to the country’s Procurement Act to ensure that the government does not get short-changed by contractors, economists said at the weekend.Awarding contracts to the lowest bidder is not always wise

A construction worker is seen working on a new project in Taguig City. — REUTERSPRESIDENT Ferdinand R. Marcos, Jr. on Sunday appealed for the public’s patience as his government pursues infrastructure projects that could worsen traffic congestion in the capital region.In a five-minute video, he