2023 October

In an interview with Bloomberg Singapore, Cu noted that the country is strategically positioned to capitalize on the shifting dynamics in the region. With Hong Kong’s geopolitical situation and Singapore’s capacity limitations, the Philippines is increasingly seen as an attractive location for hyperscale’s.

President Ferdinand Marcos Jr. signed a law to create a Philippine employment master plan, aiming to improve job quality, address skills gaps, promote digital technology adoption, incentivize skills development, and expand financial services for micro, small, and medium-sized businesses.

The Department of Energy (DOE) is looking to redevelop nine ports scattered across the country to serve as integration ports that will house materials needed for offshore wind development as the government anticipates higher investor interest in the renewable energy.Energy Assistant Secretary Mylene Capongcol told reporters on Tuesday that the DOE was currently assessing the identified ports with multilateral lender Asian Development Bank (ADB).

In line with the Manila Electric Company’s (MERALCO) clean energy endeavors, the company expressed its interest in investing in electric vehicle (EV) assembly or manufacturing, in partnership with other EV companies.MERALCO, however, will not venture into nickel mining. In a report by BusinessMirror, company CEO Manuel V. Pangilinan said they would like to keep MERALCO as a power company. Nevertheless, they are looking at the development of the nickel industry since the future of EVs is bright.