Category Archives: Economy

RLC now biggest solar power producer in malls

Robinsons Place Dumaguete’s rooftop solar panels was commissioned in April 2016 and has a total of 5,920 solar panels which produces an annual yield of 1,725,680kW-Hr.

Robinsons Land Corporation (RLC), a subsidiary of JG Sumit Holdings Inc., is further increasing the solar power generation capacity of its malls as the dominant renewable energy generator among Philippine property developers.

To date, Robinsons Land has almost 48,000 rooftop solar panels in its 11 malls, most of which are outside Metro Manila, allowing it to produce over 15 million kilowatt hours (KWH) of clean energy annually. Continue reading

DENR, NIA to get bigger 2018 budget

The Department of Environment and Natural Resources (DENR) and the National Irrigation Administration (NIA) got the House of Representatives’ nod for a higher 2018 budget.

DENR’s budget proposal for next year, amounting to P27.1 billion, is 1.77 percent higher compared to this year’s allocation of P26.6 billion.

Secretary Roy Cimatu expressed gratitude to the lawmakers for their continued support to the DENR, as well as to Rep. Corazon Nunez-Malanyaon of the first district of Davao Oriental, for sponsoring the agency’s budget at the plenary. Continue reading

SM Prime to open mall in Puerto Princesa, Palawan

MANILA, Philippines – SM Prime Holdings Incorporated is set to open its first mall in Puerto Princesa, Palawan on Friday, September 15 – its 64th nationwide.

SM Prime told the Philippine Stock Exchange (PSE) on Wednesday, September 13, that SM City Puerto Princesa will have 54,000 square meters (sqm) of gross floor area (GFA), bringing its total retail space in the Philippines to 7.9 million sqm. Continue reading

SM Puerto Princesa set to open Sept. 15

Glass walls at the main entrance and linear overhang create an inviting appearance.

Known as the Philippines’ last ecological frontier, the province of Palawan is a natural wonder with its vast tracts of tropical rainforests and a huge expanse of marine wilderness.

In the heart of Palawan lies the city of Puerto Princesa, a tropical paradise with a bustling urban center ideal for business with leisure trips. Lush rainforests and white sand beaches are simply hours away from the city proper, where a banking, commercial, IT, and BPO boom have made it one of the country’s fast developing cities.

Glass walls at the main entrance and linear overhang create an inviting appearance.

Continue reading

Brontispa longissima no longer a threat to Palawan coco industry

Image result for Brontispa longissima no longer a threat to Palawan coco industryBrontispa longissima, the two-colored leaf beetle that feeds on young leaves of seedlings and mature coconut palms, has been fully-controlled in Palawan.

Raul Aguilar of the Philippine Coconut Authority (PCA) here said once a serious problem of coconuts in the province, the leaf beetle, has already been subdued through biological pest control (BPC) using black earwig. Continue reading

SM Prime eyes 10 new malls in 2018, says exec

Image result for sm puerto princesaHENRY Sy-led property developer SM Prime Holdings, Inc. is planning to add 10 new malls across the country in 2018, exceeding its existing annual target of five to six malls.

“Every year, we’re opening five to six [new malls]although I think next year it would be more because they’re opening smaller malls next year,” Cora Guidote, SM Investments Corp. (SMIC) senior vice president for Investor Relations and Corporate Communications, told reporters on the sidelines of a forum organized by the Economic Journalists Association of the Philippines (EJAP) on Friday. Continue reading

Palawan to boost rice production by opening loans to farmers

Image result for Palawan to boost rice productionsA measure that seeks to grant fertilizer loans to farmers in Palawan has been approved by the Sangguniang Panlalawigan to boost the province’s rice productivity.

Resolution No. 13296 was approved to establish the Productivity Rice Reform Development (PRRD) project under the Livelihood Component of I-HELP (Infrastructure, Health, Education, Livelihood and Protection of the Environment). Continue reading

Geeks on a Beach 2017 opens in Palawan

Image result for geeks on the beach palawanSome 400 participants from government and the private sector, including successful technology entrepreneurs from Southeast Asia and Silicon Valley, gathered in Puerto Princesa, Palawan for Geeks on a Beach 2017, which started today.

For two days, participants will get to listen to valuable insights from big names in the startup and technology community. There will be keynotes, panels, and discussions with separate breakout tracks in between. Continue reading

Massive highway planned for Philippines’ Palawan Island

Govt bares goal to revive oil and gas exploration

Image result for oil and gas explorationThe Energy Department listed short-term targets,  including the lifting of moratorium on West Philippine Sea exploration, to revive the country’s  oil and gas sector which is now on a standstill amid low prices and industry challenges.

The department said in a budget presentation to Congress that these targets included assessing and reviewing reserves, lifting the moratorium on service contracts affected by the territorial dispute in the West Philippine Sea and monitoring and supervising work programs of contractors. Continue reading

Solon wants Palawan 3rd District declared as ‘mining-free zone’

Image result for Palawan 3rd District A bill filed in the Lower House is seeking the immediate declaration of the Third Palawan District as a “mining-free zone” to protect and preserve its natural environment.

House Bill No. 5597, which was filed by Palawan Rep. Gil Acosta last May 9, seeks the proclamation of the province’s third district as a mining-free zone to avert threats of forest destruction and prevent causing siltation on major water sources. Continue reading

DTI ‘Mentor ME’ program to support more small firms in Palawan

The Department of Trade and Industry’s (DTI) second round of “Kapatid Mentor ME” (KMME) program aims to support more small business owners here in partnership with the Office of the 3rd Palawan District and the Philippine Center for Entrepreneurship-Go Negosyo (PCE-GN).

Jointly launched here on Friday, the Kapatid Mentor Micro Entrepreneurs (ME) or KMME program welcomed in the event 150 micro- and small-enterprises (MSEs) from the 3rd Palawan District represented in the Lower House by Rep. Gil Acosta, and two other districts of the province . Continue reading

DoE renews push to tap Malampaya funds

The Department of Energy (DoE) has renewed a bid to use royalty payments from the Malampaya gas-to-power facility to bring down electricity rates.

Since he assumed the Cabinet post last year, Energy Secretary Alfonso Cusi has been calling on Congress to pass a bill on investing Malampaya funds in energy resource and infrastructure development initiatives. Continue reading

Palawan farmers need add’l post-harvest facilities: NFA

PUERTO PRINCESA CITY, Palawan– The National Food Authority (NFA) here said that Palawan farmers need additional post-harvest facilities to meet the demand for rice grains on time during the lean months and to achieve reasonable prices for them.

Ferlita Ancheta, officer-in-charge of the NFA in Palawan, said farmers need post-harvest drying facilities that would lessen grain moisture content to a safe level for storing. Continue reading

Palawan LGU says no one told them about Nickelodeon underwater theme park

The local government of Busuanga and Coron said no one approached them to discuss the proposed Nickelodeon underwater theme park.

In an interview with GMA News Online, Busuanga Mayor Elizabeth Cervantes said at first, they were not aware that Nickelodeon would be putting up an underwater theme park in Coron.

She said it was only through the news that they have learned about it. Continue reading

Roxaco to develop 87 hectares in Palawan

Roxaco Land Corp., the property development arm of Roxas and Company Inc., signed a joint venture agreement with the Sandoval family to develop an 87-hectare property in Busuanga, Palawan into a master planned resort estate.

RCI chairman Pedro E. Roxas said in a recent interview the project called Sananda Bay would be implemented in phases and would target various segments of the market including local tourists, business travelers and foreign visitors looking for quality resorts in Palawan. Continue reading

Fil-Chinese capitalists eyeing investments in Palawan

A group of Filipino-Chinese businessmen is looking at the possibility of venturing in fish port and water system development projects in this city, and tourism investments in the northern town of San Vicente because of their competitive advantages compared to other areas in the country.

Federation of Filipino Chinese Chamber of Commerce and Industry, Inc. (FFCCCII) vice president Mary Go Ng said their interest was kindled by a presentation Tuesday night of an interesting development master plan made by Palafox Associates. Continue reading

Six of the best AirBnBs in Palawan: From ultra budget to ultra luxury

It seems that the natural hospitality of Filipino culture has found a perfect match with AirBnB, which is booming across these islands. Every day new properties are added, ranging from spare bedrooms in modest family homes to ultra-luxury private islands. Here travel expert Zoe Stephens picks six of her top choices for PalawanContinue reading

DMCI Power earns P228 M in first half

Image result for DMCI PowerDMCI Power Corporation (DPC), the off-grid energy unit of diversified engineering conglomerate DMCI Holdings, reported a first semester net income of P228 million, a 5 percent dip from P240 million during the same period last year.

In a disclosure to the Philippine Stock Exchange, the firm said it posted a slight decline in earnings following the expiration of its income tax holiday for its Masbate operations in September 2016. Continue reading

P25-B discrepancy in Malampaya Fund

It seems that the multibillion-peso Malampaya Fund will never be free of controversy. Four years ago, former president Gloria
Arroyo and her top officials were charged with plunder for the reported diversion of P900 million in Malampaya money meant for typhoon victims to bogus foundations of alleged pork scam mastermind Janet Lim Napoles.

The Sandiganbayan, meanwhile, is trying local officials implicated in the questionable implementation of infrastructure projects funded by the Palawan government’s share of royalties from the Malampaya gas field. Continue reading

Sabah cementing business deal with Palawan

Image result for Sabah cementing business deal with PalawanPUERTO PRINCESA: The number of Sabahan businessmen visiting Palawan to scout for potential business opportunities is on the rise.

BIMP-EAGA Kudat Business Council (BEBC) vice-chairman Datuk James Ibrahim attributed the affirmative reaction from the local business community because of the  much talk-about launching of the Kudat-Palawan Roll-On-Roll-Off ferry service anytime before the year ends. Continue reading

Leni taking hope, inspiration caravan to Puerto Princesa

Image resultVice President Ma. Leonor “Leni” G. Robredo will take her “Istorya ng Pag-asa” campaign to Puerto Princesa City, Palawan this month.

“This August, we will launch it in Palawan,” Robredo said, as she expressed her excitement for the launch.

Puerto Princesa is the seventh city, where Robredo would launch a collection of “extraordinary stories of ordinary people” via a photo gallery.

Continue reading

NEA ordered to report on frequent power outage in Palawan island

Image result for palecoTHE National Electrification Administration (NEA) was given until Friday, August 11, to submit a report on the frequent power outages in Palawan.

Sen. Sherwin T. Gatchalian, chairman of the Senate Committee on Energy, ordered the NEA to conduct its investigation and submit its findings and recommendations to the committee.

Continue reading

Special mango industry roadmap forum sought for Palawan

A Palawan solon has requested the Department of Agriculture (DA) to conduct a special mango industry roadmap forum to find a far-reaching solution to the decades-long mango pulp weevil (MPW) problem besetting the local mango industry.

The request came in the form of a proposed resolution filed Tuesday by Board Member Roseller Pineda of the 1st Palawan District at the regular session of the Sangguniang Panlalawigan. Continue reading