Weekly Updates

THE GOVERNMENT hopes to make a nine-module interactive financial education program available online by January, citing the need to promote broader financial literacy.At the 2023 Financial Education (Fin-Ed) Stakeholders Congress on Tuesday, said the e-learning module is currently being pilot tested.The central bank has said that the Fin-Ed e-Learning Course will tackle financial planning, saving and budgeting, debt and investment management, digital-financial literacy, fraud and scam prevention, the Personal Equity and Retirement Account, and financial-consumer protection.

Winds, natural gas, and solar power projects make up most of the projects in the medium-term pipeline, the Department of Energy (DoE) reported, citing data on “indicative” projects compiled as of August.The project timelines are between 2024 and 2026.The government hopes to increase the share of RE to 35% by 2030 and to 50% by2040. Last year, the DoE raised the Renewable Portfolio Standards requirement to 2.52% per annum starting 2023, from 1% per annum previously.

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).