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 […]
Tag: project
VAT zero-rating application never goes out of style
Various changes relative to VAT have been implemented through the years. It cannot be denied that with the removal of the cross-border doctrine relative to sales to ecozones and freeport zones, VAT zero-rating has been suspended but is now fully implemented. VAT zero-rating application was implemented starting 2005 but came into focus again recently due […]
Davao WTE project still up for NEDA approval, full funding
DAVAO CITY’S proposed waste-to-energy (WTE) project is still up for final approval by the national government and has yet to secure the full funding needed to set up the facility, according to a local council member. Councilor Temujin “Tek” B. Ocampo, chair of the city council’s environment committee, said the WTE plan has already been […]
‘Missing’ documents stall Mactan reclamation project
THE Lapu-Lapu City Council has given the proponent of the 400-hectare Mactan North Reclamation and Development Project (MNRDP) until Tuesday, Jan. 24, 2023, to submit the required documents to push through with the construction, or lose the contract to undertake the project. City Councilor and lawyer Eugene Espedido said Dr. Noli Arnulfo Igano, the president […]
Lion One Secures US$37 Million Financing Facility from Nebari
North Vancouver, BC, Jan 20, 2023 – (ACN Newswire via SEAPRWire.com) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce that it has entered into a facility agreement with Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural […]
Lapu-Lapu mayor won’t sue Goldfin over drainage project
LAPU-LAPU City Mayor Junard “Ahong” Chan will no longer press charges against Goldfin Construction and Development Corp., the contractor of the long-overdue drainage project on the Ibabao-Agus Road in Barangay Agus, Lapu-Lapu City. Chan made the decision after noting that the contractor had completed the P30 million project following his ultimatum to finish it on […]
3 must-watch movies for 2023
The national entertainment industry has started off on the right foot as Filipinos will witness the collaboration between MAVX Productions and Star Magic Cinema. The collaboration is set to release three movies with compelling stories exploring the complexities of self-discovery, hope and healing. Compared to the occasional romantic flick people are used to watching, RC […]
USAID launches five-year, $18-M project to boost SME digitalization
THE United States Agency for International Development (USAID) said on Wednesday that it launched a five-year project to raise the level of digitalization at Philippine small and medium enterprises (SMEs). MaryKay L. Carlson, United States ambassador to the Philippines, said during the launch event in Makati City that the Strengthening Private Enterprise for the Digital […]
PHL obtains $6M to fund rail feasibility studies
THE GOVERNMENT has obtained access to more than $6 million in loans to fund feasibility studies for three railway projects outside the capital region, the Transportation department said on Monday. The three proposed projects are the planned Panay Railway, the Bataan Railway, and the North Long Haul Interregional Railway, which will connect provinces to the […]
PHL gov’t eyes WB loan for agriculture project ’scale-up’
THE PHILIPPINE government is looking to obtain a $550-million loan from the World Bank (WB) to boost its rural development program. A document uploaded on the World Bank website showed the Philippine government is seeking funding for the proposed Philippine Rural Development Project (PRDP) Scale-up. “The PRDP Scale-up aims to improve farmers’ and fisherfolk’s access […]
Green Power Energy’s 20 MW Taungdaw Gwin Build-Own-Operate Solar Plant Commissioned in Myanmar
Mandalay, Myanmar, Dec 30, 2022 – (ACN Newswire via SEAPRWire.com) – Myanmar’s latest solar energy plant, the 20 megawatt (MW) build-own-operate (BOO) Taungdaw Gwin project, has been officially opened, adding a new chapter to the country’s sustainability and electrification efforts, its developer announced today. The 20-megawatt Taungdaw Gwin mega-scale solar PV project will contribute to […]
Expanded private sector role eyed in DPWH projects
THE DEPARTMENT of Public Works and Highways (DPWH) said it plans to seek more private sector bids for operations and maintenance (O&M) contracts, including those financed by official development assistance (ODA). “We are promoting projects under ODA, especially expressways, for PPP (public–private partnership) O&M,” DPWH Senior Undersecretary Emil K. Sadain told BusinessWorld recently when asked […]
PHL bags P6B in investments from Unilever, European firms
THE PHILIPPINES has secured over P6.2-billion worth of investment pledges from four European firms, whose executives met with President Ferdinand R. Marcos, Jr. in Brussels, according to the Presidential Palace. Mr. Marcos met with European businessmen for a roundtable discussion on the sidelines of the Southeast Asian Nations-European Union (ASEAN-EU) Commemorative Summit, Malacañang said in […]
Capitol to sue DPWH 7 officials for delay in road completion
THE Cebu Provincial Government will file a case against the Department of Public Works and Highways Central Visayas (DPWH 7) next week. It also wants to declare persona non grata officials who are proven to be involved in the delay of projects in the province, particularly the unfinished road project on UN Avenue in Mandaue […]
Filipino-Indonesian power firm expands Tawi-Tawi operations
KALTIMEX Rural Energy Corp. (KREC), a Philippine subsidiary of Indonesian firm PT. Kaltimex Energy, is expanding its power supply operations in the island province of Tawi-Tawi through a P75.55-million investment on its off-grid plant. In a statement on Tuesday, the Regional Bangsamoro Board of Investments (BBOI) said it approved the project on Dec. 9, which […]
UREEQA partners i-Create to validate new NFT collection Joe Ravioli
ONTARIO, CA, Dec 10, 2022 – (ACN Newswire via SEAPRWire.com) – The founders of i-Create LLC are excited to announce the launch of their NFT project Joe Ravioli. This innovative and unique NFT collection tells a creative and fun story for buyers of any age. With the entire collection being validated by UREEQA, buyers will […]
Korean-funded Panguil Bay Bridge in Northern Mindanao more than halfway done
THE DEPARTMENT of Public Works and Highways (DPWH) announced on Thursday that the Korean-funded Panguil Bay Bridge, a sea crossing bridge project in Mindanao, is now 61% complete. The P7.375-billion bridge project will connect Tangub City in Misamis Occidental to Tubod town in Lanao del Norte, both within the Northern Mindanao Region. The department and […]
Philippines signs deal to prepare agencies to tap climate financing
THE Department of Finance (DoF) said it has signed an agreement with the Global Green Growth Institute (GGGI) to prepare government financial institutions and agencies to tap the Green Climate Fund (GCF) for project financing. “This program will bolster the country’s capacity in planning, accessing, delivering and monitoring climate finance through this new global financial […]
MOU between playNomm and Superchief for a collaboration in South Korea
Seoul, Korea, December 07, 2022 – (SEAPRWire) – NFT marketplace 2.0 playNomm and Superchief Gallery NFT signed a Memorandum of Understanding (MOU) to hold a collaboration project in South Korea. Source: Superchief gallery The NFT marketplace 2.0 playNomm, the first platform of LeisureMetaverse project, is based on its self-developed LeisureMetaverse blockchain mainnet. Unlike other open NFT marketplaces, NFTs […]
Government to build mid and high-rise units for poor
PRESIDENT Ferdinand R. Marcos, Jr. on Monday bared his government’s plan to build more mid- and high-rise houses for poor Filipinos. In a speech at an event in Naic, Cavite province where housing units were turned over to 30,000 Filipino families, the president cited the lack of land for housing projects in Metro Manila and […]