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Monday, June 24, 2024

Business

Reserve market likely to reopen in July, says ERC

The Energy Regulatory Commission (ERC) plans to resume the commercial operations of the reserve market in July 2024 as electricity prices are expected to soften amid cooler temperatures during the rainy season. “It’s in the agenda of the commission this month. So, most likely by next month or sooner we can already resume the commercial operations,” ERC chairperson Monalisa Dimalanta said. The reserve market, now integrated into the Wholesale Electricity Spot...

DOTr to work with DOST on second hybrid electric train

The Department of Transportation (DOTr) will work with the Department of Science...

DOF plans to tap Japan bank on new fundraising activities

The Department of Finance (DOF) is eyeing a collaboration with Japan’s Sumitomo...

Shell PH bullish on bitumen business

Shell Pilipinas Corp. aims to retain its market leadership in the bitumen...

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BSP allays concern on rising prices as inflation rate remains manageable

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said over the weekend there is nothing to worry about the rising consumer prices as the country’s...

Tamiya of Japan investing P1.5N in new Cebu factory

Tamiya Philippines Inc., a part of Japan’s Tamiya Group, announced a P1.5-billion expansion inside the Cebu Light Industrial Park. The plastic model, printing and packaging...

Solar Philippines signs Indonesian supply deal

Solar Philippines (SP), through its joint venture with Medco Energi (Medco), has signed 20-year power purchase agreements with Indonesian state utility PLN on two...

Peso outlook bright despite depreciation

The outlook for the peso remains bright although it has depreciated 2.3 percent against the US dollar since the start of the year, an...

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