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Category: economy

Council proposes limited eligibility for dual-use projects in Horizon Europe

Photo credits: European Union EU governments want to change Horizon Europe eligibility rules to limit the countries that can participate in dual-use and defence projects. The suggestion adds guard rails to the European Commission’s plan to allow dual-use start-ups to receive grant funding and equity.

European Commission cancels €45M Horizon Europe call for generative AI projects

Photo credits: BigStock An abruptly cancelled €45 million Horizon Europe call for generative AI projects has already been added to the newest draft Horizon Europe work programme for next year. The postponed call, with the reference Horizon-CL4-2025-03-Digital-Emerging.

More BSP rate cuts likely ahead, says Fitch unit

MANILA, Philippines – A solid cushion of foreign reserves and an anticipated easing action by the US Federal Reserve (Fed) this month could give the Bangko Sentral ng Pilipinas (BSP) room to front-load further rate cuts, supporting growth without putting too much pressure on the peso. In a note to clients, BMI Research, a unit

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

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