The Philippines faces a potential 16-percent surge in electricity prices by April unless the government takes urgent action, Energy Secretary Sharon Garin told Reuters last Friday.
As I mentioned in a previous article, we should expect our electricity prices to spike in the coming months. We only have to look at the Ukraine and Middle East crises for an explanation.
The war in Iran and the resulting disruption of shipping through the Strait of Hormuz have jolted global oil and gas markets, with Brent crude and LNG prices spiking as tankers sit stranded off Fujairah and other Gulf hubs.
Public-Private Partnerships (PPPs) are not a panacea. They are not automatic, “no-brainer,” one-size-fits-all solutions to every infrastructure or service gap. But when properly structured, they can be powerful tools for delivering projects that genuinely serve the public good.
A unique feature of PPP financing is the concept of step-in rights. Loan agreements typically grant lenders the right to “step in” and take corrective measures if the private partner defaults.
Doing good is good business. This quote, attributed to Anita Roddick, founder of the multinational cosmetics brand, The Body Shop – whose belief that business should be a force for good was found to be revolutionary at the time – resonates with many of today’s businesses.
The move to Bulacan is a calculated shift toward future-proofing. By building a massive, integrated “Aerocity” (with parallel runways and direct links to expressways and rail systems) the project aims to move the country’s economic center of gravity. This is an upgrade to an entirely different league.
In the Philippine mining sector, the narrative often follows a predictable pattern: a company identifies a mineral-rich area, community concerns surface, and a government agency steps in as mediator.