THE THIRD ROUND of the Department of Energy’s (DoE) open and competitive selection process (OCSP3) was unsuccessful as firms did not bid for 18 geothermal and hydropower projects in pre-determined areas (PDA), according to an advisory posted on the department’s website on Friday.  Two geothermal and eight hydropower PDAs did not receive any bid applications. These were the geothermal projects ...

SENATORS have filed a resolution to ensure coconut farmers would benefit from coco levy funds and assets with two weeks left for them to be listed in the Philippine Coconut Authority’s registry.  Senators Francis Pancratius N. Pangilinan and Risa N. Hontiveros-Baraquel filed Resolution No. 736, which calls for an inquiry into the status of the registration of some 3.5 million coconut farmers in the ...

THE CENTRAL BANK has raised P100 billion as planned from its auction of short-term debt papers on Friday.   The Bangko Sentral ng Pilipinas (BSP) fully awarded the 28-day debt it offered on Friday as bids reached P152.1 billion, higher than the P135.1 billion in bids seen at last week’s auction.    The bills fetched an average rate of 1.7704%, down marginally ...

THE PESO continued to climb against the dollar on Friday after S&P Global Ratings affirmed its “BBB+” rating for the Philippines on expectations that the economy would rebound from the coronavirus pandemic’s impact.  The local unit closed at P47.80 versus the dollar on Friday, strengthening by 18.5 centavos from Thursday’s finish of P47.985, data from the Bankers Association of the ...

Boris Johnson has been warned by business leaders that a fresh package of economic support would be required if rising Covid-19 infections prevent the further relaxation of pandemic restrictions next month. After the reopening of hospitality venues indoors across all four nations of the UK, the Guardian’s latest monthly assessment of economic developments suggests the country is on course ...

KUALA LUMPUR — Malaysian volunteers, who help to give virus victims a Muslim burial, say they are being stretched like never before, as the Southeast Asian country struggles to cope with its worst coronavirus disease 2019 (COVID-19) outbreak since the start of the pandemic.  Dressed in full protective gear, the Malaysian Funeral Management Squad is usually called in by hospitals to help families to ...

Three hundred fisherfolks in Dingalan, Aurora will soon be able to properly monitor weather conditions for safe sailing, especially during the typhoon season as ISDApp launches in their coastal community this May. ISDApp was developed by iNON IT Solutions and is powered by Globe, in partnership with the National Fisheries Research and Development Institute (NFRDI) and the Bureau of Fisheries ...

BEIRUT — Syrian President Bashar al-Assad won a fourth term in office with 95.1% of the votes in an election that will extend his rule over a country ruined by war but which opponents and the West say was marked by fraud.  Mr. Assad’s government says the election on Wednesday shows Syria is functioning normally despite   the decade-old conflict, which has killed hundreds ...

Lives would be more stressful, difficult, inconvenient, and less secure if not for Filipino frontliners’ commitment to their duties as we all struggle with the pandemic. These include bank employees who help clients access cash for their basic needs. From Korea with Love Sangsik Shim of Daelim Philippines Sangsik Shim of Daelim Philippines is happy that even during the strictest ...

Global annual spending to protect and restore nature needs to triple this decade to about $350 billion by 2030 and rise to $536 billion by 2050, a United Nations (UN) report said on Thursday, urging a shift in mindset among financiers, businesses and governments.  The inaugural State of Finance for Nature report looked at how to tackle the planet’s climate, biodiversity and land degradation ...

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