Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
By Louis GENOT RIO DE JANEIRO, March 13, 2024 (AFP) – Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America’s biggest economy. Globally, hybrid cars sales are booming, offering consumers fuel savings, sustainability, and the assurance that they won’t find themselves stranded far from a public charging station in a fully electric vehicle. Brazil, with its population […]
By Catherine Hours and Richard Lein Agence France-Presse PARIS, France, May 25, 2023 (AFP) — Investment in solar power is expected to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the IEA said in a report Thursday. While that is a welcome development, the International Energy Agency warned that investment in fossil fuels is rising when it should be falling fast to achieve net zero emissions […]
HONIARA, Solomon Islands (AFP) — The Solomon Islands’ prime minister dismissed criticism of a new maritime investment deal with China on Wednesday, saying there was nothing “sinister” in the draft agreement. The new agreement, a copy of which has been leaked to the media, comes after a controversial security pact was signed last month. The pact sparked alarm in Australia and the United States, which feared it could lead to Beijing securing a military foothold […]
by Joe JACKSON Agence France-Presse LONDON, United Kingdom (AFP) – Prime Minister Boris Johnson on Tuesday urged foreign investors to buy into post-Brexit Britain as he seeks to power future prosperity on renewable energy and green technology. His government also outlined more detailed plans to reach net-zero carbon emissions by 2050, including a drive towards electric vehicles. The moves are part of a £90 billion ($125 billion, 107-billion-euro) plan that ministers say will support 440,000 […]
(Eagle News) — President Rodrigo Duterte signed into law on Friday, March 26, the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act which lowered the corporate income tax rate to 25 percent in hopes of attracting more investments amid the still raging COVID-19 pandemic. Republic Act (RA) 11534 or the CREATE Act introduces reforms to the corporate income tax and incentives systems. Aside from cutting the corporate income tax rate to 25 […]
NEW YORK, New York (AFP) — ExxonMobil announced Monday it will reduce its emissions over the next five years bowing to growing public pressure from activists, including the Church of England, to make changes. The US oil giant said in a statement that by 2025 it will cut emissions from upstream activities, which includes oil drilling and extraction, by between 15 and 20 percent compared to the 2016 levels. It also will cut its flaring […]
WASHINGTON, United States (AFP) — US President Donald Trump has signed an executive order banning Americans from investing in Chinese firms deemed to be supplying or supporting Beijing’s military and security apparatus, earning a sharp rebuke from China. The order listed 31 companies Thursday it said China was using for the “increasing exploitation” of US investment capital to fund military and intelligence services, including the development and deployment of weapons of mass destruction. US-China […]
(Eagle News) – Starting November 1, more foreign investors with valid investor visas issued by the government will be allowed into the country as the Philippine government tries to boost more economic activity amid the COVID-19 pandemic The decision to allow the entry of more foreign nationals was made by the Inter-Agency Task Force (IATF) that set the guidelines for this in its Resolution No. 80 dated Oct. 22. The IATF said that only the […]
(Eagle News) — The Philippines inked almost $85 million worth of business agreements with companies from Israel, where President Rodrigo Duterte is capping off a historic visit. Trade Secretary Ramon Lopez said 790 jobs in the Philippines were expected to be generated from the 22 agreements and letters of intent. Letters of intent were submitted by: Amdocs Philippines Ltd., for the expansion of operations in software development and support services; TrueLogic Online Solutions, Inc., for the […]
KUALA LUMPUR, Malaysia (AFP) — Malaysia’s ousted leader has denied wrongdoing over a $2.4 billion China-backed pipeline deal after the new government said the project was “highly suspicious” and linked it to a massive financial scandal. A company owned by Malaysia’s finance ministry signed the 9.4-billion ringgit deal in 2016 for a Chinese state-owned company to build a gas pipeline and an oil pipeline. Najib Razak — toppled in elections last month — was prime […]
(Eagle News) — President Rodrigo Duterte’s visit to South Korea has yielded $4.9 billion worth of investments, Presidential Spokesperson Harry Roque said on Tuesday, June 5. He said the amount was apart from the $1 billion worth of Official Development Assistance which the Philippines was slated to receive for the Build, Build, Build projects of the government. The government said among the projects in the pipeline under the ODA are the $50-million project preparation facility […]
Also secures P4.13-billion grant from Asian neighbor (Eagle News) –-The Philippines has secured an estimated US$9.8 billion worth of investments from nine business agreements signed with China during President Rodrigo Duterte’s official visit. Duterte himself made the announcement in his arrival speech in Davao City on Friday, April 13. The President said the signing of the business letters of intent (LOI) between the Philippine government and Chinese firms were expected to generate more than 10,000 […]
