
Philippines Relaunches Coal Mine Bidding Amid Investor Concerns
The Philippine Department of Energy (DOE) has relaunched its controversial coal mine bidding, aiming for contract awards early next year. However, investors have voiced concerns regarding the asset-surrender rule, as the DOE prepares to receive proposals from potential new operators.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- SM Investments Posts 9% Net Income Growth to P70.2 Billion Amid Economic Slowdown
SM Investments Corp. (SMIC), a leading Philippine conglomerate, reported a 9% year-on-year increase in net income to P70.2 billion for the first three quarters of the year, demonstrating resilience despite a slowdown in economic growth, largely driven by robust consumer spending.
- Luzon Power Spot Prices Surge 51% in October, Burdening Households and Businesses
Electricity spot market prices in Luzon, Philippines, surged by 51.2% to P7.83 per kilowatt-hour in October. This increase is expected to lead to higher electricity bills for households and businesses, according to data from the Independent Electricity Market Operator of the Philippines (IEMOP).
- Philippines on Track to Hit P1-Trillion Investment Target by 2026
The Philippines' Board of Investments (BOI) is confident of achieving its annual P1-trillion investment approval target by 2026, driven by major projects in renewable energy and infrastructure. This marks a significant step towards sustained economic growth and enhanced international competitiveness.
- TESDA Eyes $250-M World Bank Funding by Year-End
The Philippine Department of Finance aims to secure $250 million (approximately P14.3 billion) in financing from the World Bank by year-end to bolster technical and vocational education programs, enhancing employability.