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PH urged to be wary of China’s intention on oil exploration after passage of Coast Guard law

Metro Manila (CNN Philippines, February 10)— The Philippines should be wary of China’s intention regarding the countries’ joint oil and gas exploration deal in the West Philippine Sea, a former Supreme Court justice said Wednesday amid issues surrounding Beijing’s new Coast Guard law.

Petron Bataan Refinery may get tax break from CREATE bill

Petron Corporation may be getting its desired sigh of relief for its refinery in Limay, Bataan as the Congress-approved Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill would exempt petroleum refineries from taxes on crude oil imports.

EDC issuing Php15B in green bonds

The Lopezes’ Energy Development Corporation (EDC) is set to issue green bonds worth Php15B within the year in a bid to push for its sustainable power projects.

Financing a ‘green’ economic reboot, recovery from pandemic

Washington-based International Finance Corp. (IFC) of the World Bank Group has introduced financing support for Philippine banks that will lend to climate adaptation and mitigation projects amid a push for “green” recovery from the COVID-19 pandemic to generate trillions of dollars in fresh investments.   Read more: https://business.inquirer.net/317370/financing-a-green-economic-reboot-recovery-from-pandemic#ixzz6nSyc4ITD Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

World Economic Forum founder outlines topics for Singapore meeting in August

SINGAPORE (The Straits Times/ANN): Critical global issues such as climate change, job reskilling and food security will be up for discussion when the World Economic Forum (WEF) meets in Singapore later this year, the first time its key stakeholders will meet in person since the Covid-19 pandemic began early last year.

Chinese energy firms set to benefit from Myanmar turmoil

There is a high risk that political turmoil in Myanmar will negatively affect the energy sector, however, Chinese companies look set to benefit from the tumultuous environment, according to Fitch Solutions Country Risk & Industry Research.

Meralco power bills to fall slightly in February

MANILA, Philippines — Consumers and businesses in areas served by Manila Electric Co. (Meralco) will see slightly lower power bills in February on the back of cheaper supply.

Oil firms to raise prices anew this week

MANILA – Oil companies will increase their pump prices on Tuesday.

Two power plants planned in Laos for sale of electricity to Cambodia

Construction of two coal-fired power plants will begin at the end of this year in Sekong province in the southeast of Laos, according to a senior government official.

DPR Wants Renewable Energy Bill Completed in 2021

TEMPO.CO, Jakarta – Vice Chairman of the House of Representatives (DPR) Commission VII Eddy Soeparmo hoped new and renewable energy bill could be completed this year as targeted.