DOE eyes reserve market resumption on Aug. 5

MANILA: The Department of Energy (DOE) is set to restart the reserve market early this month.

In a statement Friday, the agency said it directed the Independent Electricity Market Operator of the Philippines (IEMOP) to coordinate with the Energy Regu…

Innovation Council OKs initiatives to develop PH ecosystem

MANILA: The National Innovation Council (NIC) recently approved several critical initiatives to enhance the country’s innovation ecosystem and address critical barriers to development.

In a statement on Friday, the National Economic and Development A…

Economy grew 6% in Q2

MANILA: The Philippine economy likely grew at 6 percent in the second quarter of the year, an economist said on Friday.

In a Viber message, Rizal Commercial Banking Corporation chief economist Michael Ricafort said drivers of growth include the highe…

2 bettors bag jackpots in separate Lotto draws

MANILA: Two bettors from the provinces of Laguna and Cavite bagged the jackpot prizes in two separate Lotto draws on Thursday, the Philippine Charity Sweepstakes Office (PCSO) said on Friday.

In an advisory, the PCSO said a bettor guessed the winning…

PM meets Timor-Leste President

Prime Minister Pham Minh Chinh met President of Timor-Leste Jose Ramos-Horta in Hanoi on August 2. The President is paying a state visit to Vietnam from July 31 to August 3.

Source: Vietnam News Agency

Senator: PTMP achievable with adequate gov’t support

MANILA: The Public Transport Modernization Program (PTMP) will succeed if there is enough support from the government.

Senator Sherwin Gatchalian, one of the 22 who signed the resolution recommending the temporary suspension of PTMP for further revie…