Solar energy projects planned for Cavite, Baguio under PEZA, UGEP partnership

THE PHILIPPINE Economic Zone Authority (PEZA) has partnered with Upgrade Energy Philippines, Inc. (UGEP) for solar energy projects within economic zones in Cavite and Baguio City.     In a statement on Thursday, PEZA said UGEP will develop and implement 10-megawatt (MW) solar projects at the Cavite Economic Zone (CEZ) and Baguio City Economic Zone (BCEZ) under […]

NIA seeking to make irrigation attractive for PPP

THE National Irrigation Administration (NIA) said many irrigation projects are currently unattractive for public-private partnership (PPP) financing because of the low likelihood of earning commercial returns, but added that it is considering ways to raise the return on investment (RoI) for private partners. It described irrigation projects as being of “low economic viability” because their […]

Find and Join New IDOs through Uplift, Verified by Blockpass

HONG KONG, Sep 19, 2022 – (ACN Newswire via – Compliance provider and expert Blockpass is proud to reveal its new partnership with Uplift, an IDO launchpad platform that facilitates and accelerates the launch of innovative blockchain projects. Besides providing KYC options for Uplift’s platform, in this exciting new partnership Blockpass and Uplift will […]

Senate panel hears proposal to tap 2024 payables

SENATORS explored the possibility of “frontloading” a P715-billion allocation in the proposed 2023 budget which is intended to fund obligations due in 2024. Senator Ana Theresia N. Hontiveros-Baraquel made the inquiry of the Department of Budget and Management (DBM) at a Senate finance committee hearing. The budget scrutiny comes as the National Government (NG) scrambles to […]

Electric tricycle, floating solar projects top Singapore investment deals from Marcos visit

ELECTRIC TRICYCLE and floating solar energy projects headlined the deals signed in Singapore during the state visit of President Ferdinand R. Marcos, Jr., the Palace said. The electric tricycle deal was valued at $5 billion, Press Secretary Rose Beatrix L. Cruz-Angeles said in a statement, noting that the proposed upgrades will curtail the air pollution […]

Maxim: Society Pass (Nasdaq: SOPA) Raise Estimates on Expected Contributions from M&A, Positive on the South East Asia E-commerce Market

SINGAPORE, Aug 23, 2022 – (ACN Newswire via – Maxim Group LLC (“Maxim”) issues Equity Research Report on Society Pass Inc. (Nasdaq: SOPA) (“SoPa”). Click Here (on Society Pass website) to view the full Maxim Equity Research Report. Summary Points: – SOPA is in the early stages of building an online South East […]

PNR cancels bids for 3 projects after finding them ‘non-feasible’

THE Philippine National Railways (PNR) has canceled procurement for three projects, including a P1.8-billion design and build contract relocating track between Solis and Sucat stations, which were declared “no longer feasible.” The other two cancellations involve a scheduled bid opening for the P404.3-million design and construction of the New PNR Pandacan Railway Bridge, and a […]

Fisherfolk seek halt to reclamation on municipal fisheries

A FISHERFOLK organization said the government must declare municipal fishing grounds for the exclusive use of small fishermen, and bar the encroachment of reclamation projects, particularly around Manila Bay. “Apart from modernization, we need to fight for the exclusive rights of our small fishers in their communities. What is the point of modern technology and […]

Alternergy project secures P600-M funding from DBP

RENEWABLE ENERGY company Alternergy Holdings Corp. said a mini hydropower project it is co-developing has received approval for P600-million funding support from the Development Bank of the Philippines (DBP). In a media release on Wednesday, Alternergy said its 4.6-megawatt (MW) Dupinga mini hydropower project, has been backed by DBP’s program that aims to help access […]

China loan application for three rail projects ‘deemed canceled’; PPP, funding from other countries eyed

By Arjay L. Balinbin, Senior Reporter The Beijing funding commitment for Calamba-Bicol, Clark-Subic, and Mindanao railway projects is “deemed canceled” as China has been unresponsive to the Philippine government’s loan application since 2019, a Transport official said on Friday. “There was no explicit communication” from China indicating they were withdrawing their commitment to lend money […]

AI-enabled platform allows remote management of construction projects

REAL ESTATE consultancy firm JCV & Associates Project Management & Development, Inc. (JCVA) and Digiscript Philippines, Inc., a reality capture solutions provider, recently inked a partnership to offer a platform that allows construction companies to conduct remote site inspections. “With our partnership with JCVA, OpenSpace empowers stakeholders by bringing builders, engineers, and developers to manage […]

RDC 7 proposes increase in cost of BRT, container port projects

THE Regional Development Council in Central Visayas (RDC 7) has recommended increasing the costs of two already approved big-ticket infrastructure projects in Metro Cebu.National Economic Development Authority (Neda) Central Visayas director and RDC vice chairperson Efren Carreon said these projects are the Cebu Bus Rapid Transit (BRT) and New Cebu International Container Port (NCICP).Currently, the […]