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Offshore wind developers asked to disclose plans for infrastructure

Business World Philippines

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July 02, 2025

THE Department of Energy (DoE) is asking offshore wind farm developers to submit their infrastructure plans to improve government planning in the runup to 2028, when the wind farms are expected to first start feeding power into the grid.

"Developers are encouraged to submit infrastructure plans at the earliest stages to support inter-agency coordination, reduce bottlenecks, and enhance accountability," the DoE said in a statement on Tuesday.

The DoE recently consulted stakeholders to refine the draft terms of reference for the fifth round of the green energy auction (GEA-5), the first Philippine auction dedicated to offshore wind projects.

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Business World Philippines

Business World Philippines

ACEN-Citicore JV secures P2.59-B loan for solar operations

ACEN CORP. and Citicore Solar Energy Corp.'s joint venture (JV) Greencore Power Solutions 3, Inc. has secured a P2.59-billion loan from the Development Bank of the Philippines (DBP), aimed at supporting the Pampanga solar plant and its renewable energy operations, the companies said.

time to read

1 min

December 12, 2025

Business World Philippines

DragonFi Securities partners with CIMB Bank PH for in-app savings account

DRAGONFI Securities, Inc. has partnered with CIMB Bank Philippines, Inc. (CIMB Bank PH) to launch a savings account for traders that is accessible within its app.

time to read

1 mins

December 12, 2025

Business World Philippines

Taiwan eyes closer economic links with PHL amid China tensions

Taiwan is looking to bolster its economic ties with the Philippines through potential engagements and industry expansion, as both grapple with shared security concerns in the region, Taiwanese officials said.

time to read

3 mins

December 12, 2025

Business World Philippines

P20-per-kilo rice program rolled out to 82nd province

THE Department of Agriculture (DA) said it completed the nationwide rollout of its P20-per-kilo rice program, which is now present in all 82 provinces following launches in Sultan Kudarat and Maguindanao.

time to read

1 min

December 12, 2025

Business World Philippines

ADB approves $500-million loan to support PHL'S blue economy

THE ASIAN Development Bank (ADB) has approved a $500-million (around P29.56-billion) policy-based loan to support the development of the Philippines' blue economy and improve the resilience of coastal communities.

time to read

2 mins

December 12, 2025

Business World Philippines

Business World Philippines

We are hardwired to sing and it’s good for us, too

ON THE FIRST SUNDAY after being named leader of the Catholic Church in May 2025, Pope Leo XIV stood on the balcony of St. Peter’s Basilica in Rome and addressed the tens of thousands of people gathered.

time to read

4 mins

December 12, 2025

Business World Philippines

Business World Philippines

PNB raises P15.7 billion from sustainability bond offering

PHILIPPINE National Bank (PNB) has raised P15.7 billion from the sale of dual-tranche bonds to fund sustainable initiatives.

time to read

1 mins

December 12, 2025

Business World Philippines

Flood control fiasco imperils PHL credit rating-Fitch Ratings

THE Philippine economy continues to bear the brunt of the ongoing flood control corruption scandal, Fitch Ratings said, noting that further unrest could spill over to the country's credit rating.

time to read

3 mins

December 12, 2025

Business World Philippines

Why some countries stay happier

My wife and I arrived in Copenhagen, Denmark on a gray afternoon after a business trip in Paris, expecting the usual European chill, yet what struck us first was not the weather but the calmness of life unfolding around us, in contrast to the hum of Paris and the chaos in Manila.

time to read

4 mins

December 12, 2025

Business World Philippines

Business World Philippines

A risk conscious pause for monetary policy?

A rate cut may be misinterpreted, not as support for growth, but as a reaction to worsening political conditions or an attempt to mask deeper structural issues.

time to read

6 mins

December 12, 2025

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