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Category: economy

DOE: Full RE foreign ownership added 20 GW to Philippine power supply

MANILA, Philippines – The Philippines’ decision to open the renewable energy (RE) space to full foreign ownership has led to the installation of about 20 gigawatts (GW) of new power capacity, a government official said. Department of Energy (DOE) Undersecretary Rowena Cristina Guevara acknowledged the private sector’s role in helping the country hit its target

Meralco rates up 23 centavos/kWh in October

MANILA, Philippines – Customers of Manila Electric Co. (Meralco) will have to spend more for their electricity this month as the power distributor announced a rate hike of 23 centavos per kilowatt hour (kWh). This brings the overall rate for a typical household to P13.3182 per kWh, up from September’s P13.0851 per kWh. READ: Higher

US: Four killed, 20 injured in South Carolina bar shooting

US President Donald Trump reassured China amid trade tensions, praising President Xi Jinping and pledging support. The statement follows China’s export restrictions on rare earth minerals and Trump’s threat of new 100 per cent tariffs, raising concerns over upcoming trade talks.