Car makers want perks for electric, hybrid vehicles production

MANILA — Automotive vehicle manufacturing groups have pushed for incentives to support the production of electric vehicles (e-vehicles) and hybrid vehicles in the country. During the pre-event press conference for the 1st ASEAN Electric and Hybrid Vehicles Summit Friday, Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) President Rommel Gutierrez said providing fiscal and … Read More

Pres. Duterte asks Putin for arms

MOSCOW — President Rodrigo Duterte has requested Russian President Vladimir Putin for a soft loan for weapons which will be used by the Philippine government in its fight against terrorism. President Duterte made this request during his bilateral meeting with the Russian leader at the Grand Kremlin Palace here Tuesday evening (early Wednesday morning in … Read More

Pres. Duterte back in PHL

MANILA, May 24 — President Rodrigo Duterte has arrived in Manila from Moscow at 4:30 p.m. Wednesday. President Duterte left Moscow at 1:38 a.m. Wednesday (Moscow time) or 6:38 a.m. in Manila. The Chief Executive flew back to Manila and cut short his four-day official visit in Russia after declaring martial law in Mindanao on … Read More

President Duterte arrives in Moscow with 19 high-level official delegation

MOSCOW — President Rodrigo Duterte has arrived here in Moscow, Russia past 11 p.m. Monday (past 4 a.m. May 23, Manila time). Nineteen high-level officials are joining the President’s official visit to Russia which include Senate President Aquilino Pimentel III, Executive Secretary Salvador Medialdea, Foreign Affiars Secretary Alan Peter Cayetano, National Defense Secretary Delfin Lorenzana, … Read More

Peso, stocks up on Tuesday

MANILA — Both the local currency and stocks closed higher on Tuesday. The Philippine peso inched up to 49.68 against a U.S. dollar from Monday’s finish of 49.69. It opened the day stronger at 49.60 from last day’s kick off level at 49.74 to a dollar. It traded better to a range of 49.59 to … Read More

German firm to put up state-of-the-art plasterboard, other building solutions factory in Batangas

MANILA — Knauf Gypsum Philippines, Inc. breaks ground Tuesday its plasterboard and other building solutions plant within the Calaca Seaport in Batangas. Knauf Gypsum Philippines will put up the manufacturing facility in a six-hectare property within the industrial park, formerly known as Phoenix Petroterminals & Industrial Park. The company is a partnership of two German … Read More

BOI okays Php 410-M biomass project in Isabela

MANILA — The Board of Investments (BOI) has approved a Php 410-million biomass energy project in the northern part of the country. In a statement Friday, BOI said the biomass plant was a project of Isabela La Suerte Rice Mill Corp. which develops, constructs, and operates the five-megawatt renewable energy facility in Aurora, Isabela. The … Read More