December, 2024

• 2 December

  Phl climate action gets boost with $500-M loan from ADB

  

  The Asian Development Bank (ADB) has approved a USD500-million policy-based loan to enhance the Philippines’ efforts in addressing climate change. In a statement released recently, the ADB announced that the Climate Change Action Program (CCAP) Subprogram 2 will support the country in meeting its Nationally Determined Contribution (NDC) goals. The NDC includes the Philippines’ commitment to reducing greenhouse gas emissions …

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• 2 December

  Recto inks financing deals with WB to rebuild typhoon-damaged schools

  

  Finance Secretary Ralph Recto has officially entered into a USD500-million financing agreement with the World Bank-International Bank for Reconstruction and Development (WB-IBRD) to support the reconstruction of over 3,000 schools across the Philippines that were impacted by typhoons. In an announcement made Wednesday last week, the Department of Finance (DOF) confirmed that the deal was signed by Recto and Zafer …

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• 2 December

  Governor Remolona leads switch-on of BSP Christmas Lights

  

  Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (right) leads the ceremonial switch-on of BSP Christmas lights at its head office in Manila on 28 November 2024. Festive lights also adorn Christmas trees and buildings at the BSP Security Plant Complex in Quezon City and various Regional Offices and Branches, while BSP’s EDPC Building façade along Roxas Boulevard …

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• 2 December

  The Lake Hotel lights up Christmas in Tagaytay

  

  Christmas came rushing in November at Cavite’s new landmark hotel, The Lake Hotel in Tagaytay City. Sparkling lights, joyous atmosphere, vibrant music, festive melodies, and a generally classic Christmas spirit with drinks and lavish food galore marked the Christmas tree lighting ceremony amid the cool air of November 23. This year marks the 15th anniversary of The Lake Hotel, which …

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• 2 December

  Jungo Pinoy streams live sports, Korean dramas, and more for free

  

  Jungo Pinoy is giving Filipinos one of the best gifts we can get for the holidays – exciting entertainment you can stream for free! Created by Los Angeles-based media company Jungo TV, Jungo Pinoy is opening its full library of quality content for Pinoys to freely access on jungopinoy.com. Viewers can also stream anytime, anywhere on their mobile phones when …

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• 2 December

  CCP brings the Classic Opera of Puccini to Dumaguete City

  

  In an effort to share the experience of opera with Filipinos in the provinces, the Cultural Center of the Philippines (CCP) recently brought Italian composer Giacomo Puccini’s timeless tragedy La Bohème to Silliman University in Dumaguete City. This outreach program was made possible in partnership with the National Music Competitions for Young Artists (NAMCYA), Filipinas Opera Society Foundation, Inc. (FOSFI), …

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• 2 December

  PBBM optimistic on food industry with new URC plant

  

  By Jinky Jorgio President Ferdinand R. Marcos Jr. expressed optimism that the Universal Robina Corp.’s (URC) 10-hectare flour milling plant in Sariaya, Quezon would fuel economic growth, saying he expects it to shape the future of the Philippine food industry. “With this new plant, the URC has positioned itself as a key player in our nation’s food security, driving economic …

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• 2 December

  Billionaires Sia, Caktiong plan for expansion

  

  Double Dragon Properties Corp., a joint venture between billionaires Injap Sia and Tony Tan Caktiong, has issued the third batch of Golden Visas to unit owners at its Hotel 101-Madrid property, marking a significant milestone in the company’s expansion strategy. This follows the earlier issuance of two batches, demonstrating growing demand for Hotel101 units as a preferred investment option for …

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• 2 December

  Pangilinan’s PowerGen submit bid for Singapore energy construction

  

  Meralco PowerGen Corp.-led PacificLight Power Pte Ltd. (PLP) has submitted a bid to Singapore’s Energy Market Authority for the construction of a 600-megawatt (MW) combined cycle gas turbine (CCGT) power plant, officials said. The tender, submitted on Nov. 1, is under evaluation, with a decision expected by the end of 2024 or early 2025, PLP and Meralco PowerGen officials confirmed. …

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• 2 December

  NGCP addresses power demand in Bohol

  

  The National Grid Corp. of the Philippines (NGCP) said that it has energized the 230-kilovolt (kV) Cebu-Bohol interconnection project (CBIP), which will address growing power demand in Bohol. In a statement last week, the grid operator said that the transmission project will play “a crucial role in improving transmission services and grid stability in the Central Visayas.” “It will also …

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