Chinese companies are investing abroad at fastest pace in 8 years
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
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China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
THE Asian Development Bank (ADB) has committed to supporting the Philippines in enhancing digitalization, human capital and infrastructure, and disaster preparedness through a new Country Partnership Strategy (CPS) for the Philippines.
THE Philippine government’s decision to impose a moratorium on greenfield coal plants may have cut financing for coal projects but it was not enough to raise funding for renewables, according to the Center for Energy, Ecology, and Development (CEED).
MORE investments that can create quality jobs are crucial for the Philippines if it wants to continue increasing its potential growth rate, according to the World Bank.
INVESTMENT projects approved under the green lane in the first quarter of 2024 amounted to P1.4 trillion, largely occupied by Renewable Energy projects, according to the Department of Trade and Industry (DTI).
Solar power is expected to dominate global electricity markets in the next few decades, and already accounts for three-quarters of renewable energy capacity, according to the International Energy Agency. This year, BloombergNEF predicts solar builds will climb another 25 percent, adding more than 500 gigawatts of capacity.
FUNDS raised by BDO Unibank Inc. (BDO) financed 28 projects that supported employment generation and the expansion of renewable energy sources in the country.
PRESIDENT Ferdinand R. Marcos, Jr. on Monday said he wants to accelerate “structural changes” in economic policies to draw more sustainable investments in the country amid ongoing global decarbonization and de-risking initiatives.
THE Philippines secured $1.53 billion or P86 billion worth of investments from 12 business deals signed with Australia during a business forum on the sidelines of the Asean-Australia Special Summit held in Melbourne on Monday.
MORE stakeholders on Boracay Island are calling for a stop to the Nabas-2 wind farm project of the Yuchengco-owned PetroWind Energy Inc., which is seen affecting the Nabaoy River, the primary water source of the municipality of Malay, including Boracay. The project is located in the Northwest Panay Peninsula Natural Park.
THE growth of the renewable energy (RE) sector could accelerate faster than anticipated with new investment interest coming from hyperscale data companies, the Department of Energy (DOE) said.
THE Department of Energy (DOE) and the Department of Environment and Natural Resources (DENR) on Thursday signed a memorandum of agreement (MOA) to jointly assist interested developers of offshore wind (OSW) technology.
The Boracay Foundation Inc. (BFI) has passed a resolution that forbids the construction of wind turbines in the proposed 14-megawatt (MW) Nabas-2 wind power project (Nabas-2) of PetroWind Energy Inc. (PWEI).
GERMANY is eyeing to invest in renewable energy and import raw materials from the Philippines, but stressed the need for the Philippines to have clearer rules for foreign investments.
RECOGNIZING Japan as a technological leader and one of Association of Southeast Asian Nations’ (Asean) important strategic partners, President Ferdinand R. Marcos Jr. is now pushing for the creation of a new 10-year economic road map, which allows both parties greater cooperation on climate resilience and food security.
THE PHILIPPINES landed in the fourth spot as among the most attractive developing economy for renewable energy (RE) investment.
The lack of women leaders and champions in climate change-related activities and sectors, such as renewable energy and agriculture, could make it difficult for countries like the Philippines to make the just transition to a green and more sustainable future.
EVEN if the Philippines reduces its greenhouse gas (GHG) emissions by 75 percent, the country will still fail to meet its nationally determined contributions (NDCs) as well as net-zero targets, according to the World Bank.
The Philippine Economic Zone Authority (PEZA) on Friday reported it secured P20.6 billion in investment leads and pledges from Taiwanese investors, particularly in the area of packaging manufacturing, among others.
China’s Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns.
ASKED to weigh in on the renewed interest in mining because of the huge demand for energy transition metals, the anti-mining group Alyansa Tigil Mina (ATM) admitted the issue is quite “tricky.”
PetroSolar Corporation (PSC), a subsidiary of Yuchengco-led PetroGreen Energy Corporation (PGEC), signed a 20-megawatts (MW) Power Supply Agreement (PSA) with Shell Energy Philippines Inc. (SEPH).
PRESIDENT Ferdinand R. Marcos Jr. prioritized seeking more investments on renewable energy during his ongoing working visit in Singapore to bring down the country’s high electricity rates and help in achieving the country’s “climate targets.”
THE Philippines is turning to the Middle East to seek billions of dollars worth of renewable energy (RE) investments that could sustain the country’s socioeconomic transformation until 2040, according to the National Economic and Development Authority (Neda).
PRESIDENT Ferdinand R. Marcos Jr. has approved the proposed interisland connection of Palawan and Mindoro Islands to expand the national grid.
THE Institute for Energy Economics and Financial Analysis (IEEFA) cited ACEN Corporation, Citicore Energy REIT Corp. (CREIT), and Solar Philippines as among the power firms that have demonstrated “impressive innovativeness” in their renewable energy (RE) journey.
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