PROPERTY developer JEG Development Corp. (JDC) and Vivant COREnergy Inc. are pushing forward their goal of achieving sustainability through renewable energy with the launching of the first solar-powered commercial building in Cebu City. A 37kWp (kilowatt peak) rooftop solar panel was recently installed at the 22-story JEG Tower @ One Acacia to power daytime energy […]
Marcos backing for RCEP premature, think tank says
PRESIDENT Ferdinand R. Marcos, Jr.’s declaration of support for the Regional Comprehensive Economic Partnership (RCEP) is premature pending the resolution of the agriculture industry remaining unresolved, a think tank said. Policy research group Focus on the Global South said that the RCEP agreement is awaiting the Senate’s concurrence, where the trade deal is being studied […]
Organics industry touts waste reduction approaches to mitigating climate change
THE organics industry said it advocates minimizing waste as a response to climate change, an approach that requires food waste to be minimized and plant-based diets to be embraced. At the Organics Fair on Thursday staged by the Mother Earth Foundation (MEF), MEF said it aims to promote “positive ripple effects in catalyzing action for […]
Peso rises to new 7-month high on GDP
THE PESO climbed to a new seven-month high against the dollar on Thursday as the Philippine gross domestic product (GDP) growth was above target in 2022. The local currency closed at P54.40 versus the greenback on Thursday, rising by 23 centavos from Wednesday’s P54.63 finish, data from the Bankers Association of the Philippines showed. This […]
PSEi down on profit taking after GDP, trade data
SHARES dropped on profit taking after the release of full-year 2022 Philippine gross domestic product (GDP) and trade data. The benchmark Philippine Stock Exchange index (PSEi) went down by 38.66 points or 0.54% to close at 7,042.70 on Thursday, while the broader all shares index lost 9.87 points or 0.26% to end at 3,692.89. “The […]
Marcos wants to beef up maritime security duties of PHL Coast Guard
PRESIDENT Ferdinand R. Marcos, Jr. wants the Philippine Coast Guard (PCG) to go beyond its sea rescue mission and maritime patrol duties to strengthen the country’s territorial defense, according to the presidential palace. Members of the PCG should become “frontliners ready to confront whatever threats are coming through the country’s coastlines,” Mr. Marcos said during […]
Economists, legal experts frown upon charter change
AMENDING the Philippine Constitution should not be the top priority of Congress at this point, economists and legal luminaries said on Thursday, citing the need to focus more on measures that will address poverty and development as well as changing the political landscape dominated by dynasties. At a House committee meeting on Thursday tackling proposed […]
Over 50% of Filipinos see POGOs as damaging
MORE THAN half of Filipinos believe offshore gaming operations are harmful to the Philippines, according to a Pulse Asia survey commissioned by Senator Sherwin T. Gatchalian. The survey, conducted from Nov. 27 to Dec. 1, showed that 58% of 1,200 respondents see the adverse effects of the continued presence of Philippine Offshore Gaming Operators (POGOs). […]
68 diplomatic protests sent to China under Marcos government
THE DEPARTMENT of Foreign Affairs (DFA) on Thursday said 68 diplomatic protests over maritime incidents have been filed against China since the Marcos administration began in July. “That’s 68 NVs (note verbale),” DFA Spokesperson Maria Theresita C. Daza told reporters. “From 2016 to 2021, there were 262 NVs sent. In 2022, 195, and as of […]
Remains of Filipino worker murdered in Kuwait to be repatriated on Friday
THE REMAINS of a Filipino worker who was allegedly murdered by the 17-year-old son of her employer will be repatriated from Kuwait on Friday, according to the Department of Foreign Affairs (DFA). The Filipino domestic helper, Jullebee Cabilis Ranara, was reportedly abused and killed brutally, then left in a desert by the perpetrator. “The remains […]
Proposed new term limits for president, VP opposed
A FORMER lawmaker opposed the proposed change in term limits for the two highest elected positions in the country to five years with a chance to run for a second 5-year term. “The basis (of this provision) is not clear, especially that there are examples of (Congress) in other countries that are able to do […]
Slain labor activist’s wife appeals dismissal of murder raps vs cops
THE WIFE of slain labor activist Emmanuel Asuncion has asked the Department of Justice (DoJ) to reconsider its decision clearing 17 cops linked to the murder of her husband during a series of police raids in March 2021 where nine activists died. In her appeal filed on Thursday, Liezel Asuncion said the police officers involved […]
BoC intercepts P9.5-M smuggled onions in Zamboanga
CUSTOMS and law enforcement authorities seized P9.49 million worth of suspected smuggled red onions inside boats that arrived in Zamboanga City on two separate operations. In a statement on Thursday, the Bureau of Customs (BoC) said the onions have no Sanitary and Phytosanitary Import Clearance from the Department of Agriculture’s Bureau of Plant Industry. BoC […]
AF Payments’ Beep launches advance booking feature for Manila-Davao bus route
AF PAYMENTS, Inc., operator of the reloadable contactless smart card Beep, announced on Thursday a new advance booking system feature for a Manila-Davao bus route. The system will be implemented initially by the Davao Metro Shuttle in its Metro Manila-Davao route, AF Payments said in an e-mailed statement. Passengers of the bus company will be […]
Sarangani obtains P-B LANDBANK loan for development projects
LAND BANK of the Philippines (LANDBANK) has approved a P1-billion loan for the Sarangani provincial government to fund development projects. Sarangani will spend half of the money to buy heavy equipment, P200 million for hospital and medical equipment, and P300 million for the establishment of a provincial agri-fisheries complex, the state-owned bank said in a […]
Kurita Water Industries and Hitachi Launch a Co-creation to Implement Solution in Society and Build an Ecosystem for a Sustainable Society with “Zero Environmental Impact”
TOKYO, Jan 26, 2023 – (JCN Newswire via SEAPRWire.com) – Kurita Water Industries Ltd. and Hitachi, Ltd. recently concluded a memorandum of understanding (MOU) after reaching an agreement on launching a co-creation to implement solution in society and build an ecosystem with a focus on manufacturing industry and with a view to a sustainable society. […]
Four Companies Announce Joint Feasibility Study of Large-Scale and Wide-Area Carbon Capture and Storage (CCS) Value Chain Project Using Ship Transportation
TOKYO, Jan 26, 2023 – (JCN Newswire via SEAPRWire.com) – ITOCHU Corporation, Mitsubishi Heavy Industries, Ltd., INPEX Corporation, and Taisei Corporation announced today that they have signed a memorandum of understanding for a joint feasibility study on a large-scale and wide-area CCS value chain project using ship transportation for companies that emit carbon dioxide (hereinafter […]
Mitsubishi Power Receives Order for H-25 Gas Turbine for Taiwan’s Chang Chun Petrochemical
TOKYO, Jan 26, 2023 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order for an H-25 gas turbine for the Taiwanese firm Chang Chun Petrochemical Co., Ltd. The turbine with 30-megawatt (MW) output capacity will be the core of a new high-efficiency, […]
Fujitsu and Mizuho Bank embark on collaboration for sustainable management information services
TOKYO, Jan 26, 2023 – (JCN Newswire via SEAPRWire.com) – Fujitsu Limited (Fujitsu) and Mizuho Bank, Ltd. (Mizuho Bank) today announced a collaboration focused on the development of services for corporate customers to manage ESG and SDG related data including greenhouse gas emissions. Figure: Image of the joint project The joint effort will combine Mizuho […]
Cantor Fitzgerald Initiates Coverage on Prenetics with “Overweight” Rating
HONG KONG, Jan 26, 2023 – (ACN Newswire via SEAPRWire.com) – It is reported that Cantor Fitzgerald initiated coverage on Prenetics Global (PRE.US) with “Overweight” rating and target price at USD7.00. Cantor Fitzgerald holds a favorable view of the consumer and clinical testing markets, with Prenetics’ focus on diagnostic and preventive testing coupled with personalized […]