by admin | Mar 28, 2025 | alternative energy, business, energy sector, news, wind energy
MANILA, Philippines – Listed company Alternergy Holdings Corp. has been awarded a contract for the development of a 150-megawatt (MW) onshore wind project in Albay province.
The Department of Energy (DOE) granted the contract via Alternergy’s wind sub-holding entity, Alternergy Wind Holdings Corp. (AWHC). The mentioned power corporation disclosed this information on Thursday.
The AWHC also received a Certificate of Authority (COA) permitting them to conduct exploration and evaluation of wind resources for the Albay Wind Power Project.
READ:
Alternergy seeks funding for its 500-MW target
AWHC President Knud Hedeager stated, ‘We at Alternergy are delighted to have received the DOE’s approval for developing an additional wind project in Luzon.’
“It (the COA issuance) aids developers right from the beginning, thus assisting in reducing project risks and improving the overall feasibility of projects,” he further stated.
The certification enables developers to obtain necessary permissions and clearances from governmental bodies and municipal authorities, allowing them to start working on their planned projects.
Alternergy mentioned that they have a three-year window to finish the pre-feasibility studies along with the permitting processes. The COA will transform into a 25-year wind energy services agreement once evidence shows that the project location holds commercial viability.
The proposed wind plant would encompass multiple municipalities in Albay over an area of 6,318 hectares. After taking part in the Albay Renewable Energy and Investment Summit held last September, AlternEnergy stated they came up with this wind initiative, capable of supporting a minimum of 150 MW of power output.
“This is a thrilling period for us because we are poised to finish building our Tanay and Alabat Wind Power Projects this year. Following these developments, Alternergy will proceed with initiating new wind project ventures,” stated Hedeager.
The Albay wind initiative represents the most recent venture for Alternergy, with plans to advance up to an additional 500 MW of wind, solar, and run-of-river hydro developments within the coming two years.
Alternergy manages a collection of project firms involved in various renewable energy initiatives, specifically including wind power, run-of-river hydroelectricity, solar farms, commercial rooftops, battery storage systems, and offshore wind ventures.
Currently, the corporation boasts 11 operational assets totaling an impressive 86 MW. They anticipate adding another 225 MW from four projects scheduled to be completed this year.
by admin | Mar 28, 2025 | economic policy, economics, inflation, macroeconomics policy, politics
WASHINGTON, D.C. — A top Federal Reserve official stated on Thursday that it appears “unavoidable” that Donald Trump’s tariff proposals will lead to higher near-term inflation, though this rise might not last long.
After coming back to the White House, Trump has issued threats about imposing tariffs on major trade allies — such as China, Canada, and Mexico — but then partially rescinded these measures, leading to uncertainty among both investors and political figures.
He has levied a 25 percent duty on steel and aluminum imports, declared a 25 percent tariff on incoming cards, and intends to implement additional tariffs the following week.
“Tariffs appear certain to drive up inflation in the short term,” said Boston Fed President Susan Collins at an event held in Boston.
“If an uptick in pricing levels filters through to inflation rather swiftly,” stated Collins, who holds a voting position on the Federal Reserve’s interest-rate setting panel this year. “Subsequently, fundamental inflationary pressures will start playing out.”
“So my basic perspective is shaped within that framework,” she went on, noting that should further tariff rounds occur or become wider-ranging, the resulting inflationary effects might likely “linger longer.”
Collins’ remarks mirror those of her fellow Federal Reserve member and St. Louis Fed President Alberto Musalem, who similarly holds a voting position on the U.S. central bank’s interest-rate committee this year.
On Wednesday, Musalem contended that tariffs might cause a probable immediate and short-term rise in prices, along with an additional indirect effect that could exert a more enduring influence on inflation.
The team at the St. Louis Fed calculated that the overall impact on inflation might be as high as 1.2 percentage points — a considerable rise considering that inflation continues to stay above the Federal Reserve’s longstanding objective of 2%.
The Federal Reserve has a two-part mission to address both inflation and unemployment, mainly through adjusting its primary interest rate up or down.
If inflation remains stuck above the Fed’s target and the labor market remains relatively healthy, the Fed could be forced to pause rate cuts for longer, which would keep the cost of borrowing for both consumers and businesses elevated.
Surveys measuring consumer confidence have indicated a significant drop following President Trump’s return to office, as participants expressed worries regarding the impact of tariffs on the economy and voiced concerns over increasing inflation rates.
Earlier this month, Fed officials penciled in two rate cuts this year, while raising their inflation outlook and cutting their forecast for economic growth.
by admin | Mar 28, 2025 | asia, business, commerce, technology, telecommunications
MANILA, Philippines – Globe Telecom Inc. has entered into an agreement worth PHP 1.87 billion to establish a joint venture (JV) with a subsidiary of the Singtel Group aimed at enhancing cloud, data, and artificial intelligence services across the Asia-Pacific area.
On Thursday, the Ayala Corporation announced that NCSI Holdings Pte. Ltd., based in Singapore, will acquire a 51% ownership stake in Globe’s IT subsidiary, Yondu, while retaining a 49% share.
READ:
Globe observes indications of recovery and invests in broadband operations.
Yondu will also gain complete control over NCSI’s domestic affiliate—NCSI Philippines, whose primary services encompass digital applications, infrastructure, engineering, and cybersecurity.
Yondu is an IT solutions company providing services such as custom software development, managed security, e-commerce solutions, and cloud services.
Globe stands to gain from the technological expertise and product range provided by the consolidated assets of the joint venture.
Globe is a collaboration between Ayala Corporation and SingTel, with Asiacom Philippines Inc., their joint venture, holding 52.3 percent of the company.
In addition, Ayala holds a 14.5% share in Globe, whereas Singtel owns 22.2%.
“Our aim for Yondu is to become a positive influence via efficient IT solutions and offerings,” stated Ernest Cu, who serves as the president and CEO of Globe.
Going global
Cu mentioned that joining forces with NCSI will open up new international prospects, allowing Yondu to broaden its scope and provide more effective IT solutions across the globe.
“This partnership represents a crucial step in our expansion within the Asia-Pacific region as we remain committed to investing in order to address the increasing demand for technological services, specifically AI-driven solutions,” said NCSI CEO Ng Kuo Pin.
The transaction is awaiting regulatory approval.
Globe and NCSI are teaming up as the need for digital solutions tailored to businesses increases.
A study conducted by International Data Corp. forecasts that the IT services market across the Asia-Pacific region is expected to grow at an annual compound rate of 6.2% between 2024 and 2028. In this timeframe, the market in the Philippines is anticipated to expand with an impressive 8.7% yearly increase.
In order to enhance its IT services, Globe has also been bolstering its infrastructure to accommodate the rise in data traffic.
Last year, the corporation affiliated with Ayala built 1,212 new cell sites, improved 4,613 current mobile locations, and installed 67,456 home fiber connections. Additionally, they set up 587 new 5G stations nationwide.
by admin | Mar 28, 2025 | economics, government, international trade, politics, politics and government
MANILA, Philippines – Trade Secretary Ma. Cristina Roque plans to meet with her American peer to address the possible negative effects on the economy due to President Trump’s suggested reciprocal tariffs, which have unsettled financial markets and heightened anxiety among traders and investors.
“I have scheduled a meeting with my peer. Therefore, I am merely awaiting the details of the appointment,” Roque stated to journalists during his break at the Asia CEO Forum on Thursday when questioned regarding the matter.
Roque mentioned that things will continue “as normal” for the moment, dismissing worries regarding the impact of the tariffs set to begin next week.
READ:
Surge of Trump tariffs expected to impact family finances
“So, let’s keep doing what we’re doing, focus on the bright side, and continue to develop and truly elevate ourselves. We should also seek out opportunities to genuinely become experts in our field,” Roque stated.
Trump just announced a 25-percent tariff on imported vehicles and automotive parts, effective April 3.
The automotive sector in the United States has raised worries that such actions could result in increased vehicle costs along with decreased availability, causing shares of leading companies like General Motors and Ford to decline after the news was released.
Trump defended the tariffs as a step to safeguard American manufacturing positions and suggested the possibility of imposing additional duties on various sectors.
In the case of the Philippines, these duties might bring about considerable economic impacts.
As the United States is a key market for Philippine exports, notably in the automotive industry.
In 2024, the Philippines shipped around $1.89 billion worth of machinery and electric goods to the United States, as stated in a CPBRD document. The CPBRD serves as the research wing of the House of Representatives.
The Philippines is cautious about the new U.S. tariff policy since the country exports significantly more than it imports from the United States, leading to a trade surplus of $4.9 billion in 2024, which marks a 21.8 percent rise compared to the prior year.
This excess might attract unwelcome notice from the Trump administration, viewing trade surpluses as evidence of imbalanced trading tactics.
by admin | Mar 28, 2025 | business, entertainment, news, sustainability, technology
MANILA, Philippines – As the senior vice president at Newport World Resorts (NWR) in the Philippines—the country’s premier integrated gaming resort—Kathy Mercado brings significant expertise from her background in hospitality and business operations. Her contributions have been pivotal for renowned global hotels, where she introduced innovative ideas and led successful promotional strategies. During an exclusive conversation, she delves into market analysis, cutting-edge marketing approaches, environmental initiatives, and upcoming trends shaping the industry.
How does the Travellers Group categorize the clientele for its different hotel brands?
The answer is that Newport World Resort accommodates five global hotel brands, each targeting a specific customer group.
• Hotel Okura Manila: This upscale establishment combines the refined aesthetics of Japan with warm Filipino guest services. It has earned a place in the Michelin Guide Hotel Selection 2024, a significant international accolade.
• Marriott Manila: Boasts the biggest pillar-free ballroom in Manila, making it an ideal location for hosting various MICE events like business meetings, incentive programs, large-scale conferences, and live shows. It attracts prominent corporations and well-known guests.
• Sheraton Manila: Famous for Collab, a contemporary workspace with an industrial theme tailored for business travelers and sophisticated professionals seeking trendy places to network and host events.
• Hilton Manila: An accommodating hotel for pets offering luxurious and family-oriented accommodations, attractive to vacationers who prioritize ease and individualized care.
• Holiday Inn Express Manila: Boasting as the biggest Holiday Inn Express globally, featuring more than 700 rooms, offering cost-effective lodging options suitable for business visitors, extended stay patrons, and flight crew members.
Q: What steps do you take to distinguish and customize your marketing approaches for every segment?
At Newport World Resorts, we shape our approach using six main principles:
• Lodging Options: Presenting top-tier global hotel chains designed for business guests, tourists seeking leisure activities, and those looking for luxurious stays.
• Dining: Enhancing food experiences through partnerships with internationally-acclaimed names such as Gordon Ramsay Bar & Grill, which marks its debut in the nation, drawing notable guests and gastronomy lovers alike.
• Entertainment: Showcasing top-tier performances akin to those seen on Broadway at the Newport Performing Arts Theater (NPAT). This venue has emerged as a focal point for Filipino artistic expression, hosting global shows along with homegrown Filipino musicals like “Ang Huling El Bimbo” and our most recent offering, “Delia D.”
• MICE: Establishing NWR as a top-tier MICE location featuring exceptional facilities such as the Marriott Grand Ballroom and Sheraton Manila’s Collab, designed for contemporary business tourists.
• Shopping: Providing an exclusive shopping encounter featuring high-end global labels alongside niche boutiques designed for both tourists and local patrons.
Every section is promoted via customized online promotions, collaborative alliances, reward initiatives, and individualized customer interactions to guarantee involvement and lasting brand loyalty.
Q: In what ways are cutting-edge technologies such as artificial intelligence or AI, data analytics, and personalization shaping your marketing strategy?
A: At the core of our approach to engaging guests lies technology. We utilize AI-driven personalization, data analysis, and automated processes to improve the customer experience.
• Artificial Intelligence and Data Analytics: We employ predictive analysis to forecast guest preferences and provide tailored offers and promotions.
• Customization: With our customer relationship management systems, we can develop tailored travel and entertainment experiences for guests, informed by their actions and past interactions.
• Effortlessly smooth reservations and digital synchronization: Our sites and mobile apps provide seamless bookings, combined hotel stays with entertainment options, along with immediate customer assistance through AI-powered chatbots.
Through adopting these advancements, we guarantee staying at the forefront and providing outstanding experiences everywhere they interact.
A: What strategies can be used to ensure a uniform customer experience when managing several locations?
A: Maintaining consistency is crucial in the hospitality sector, which we accomplish via:
• Brand guidelines and education: We ensure our staff receives ongoing instruction to meet the specific service criteria of every hotel brand.
• Cross-promotion and combined loyalty initiatives: Customers can reap rewards at all venues via our consolidated NWR Rewards Program, guaranteeing a smooth encounter.
• Gathering guest input and ensuring quality: We proactively gather guest feedback through instant polls, active participation on social platforms, and one-on-one conversations with guests, enabling ongoing enhancements to our services.
Q: Could you discuss some creative or notably effective marketing campaigns that you’re especially proud of and explain what makes them stand out?
A: Our most significant project is the Epic Pass, a membership scheme providing continuous access throughout the year to top-notch shows akin to those seen on Broadway at NPAT. Since implementing this initiative, we’ve observed heightened viewer involvement, strengthened customer allegiance, and raised international recognition for Philippine theater arts.
Moreover, our I Love Earth Campaign—a recipient of the distinguished Agora Award for Sustainability—demonstrates our dedication to promoting sustainable tourism and supports the 17 goals set forth by the United Nations for sustainability.
Our efforts include:
• Environmentally friendly hotel practices: Designs for energy efficiency, initiatives for reducing waste, and procurement of sustainable resources
• Eco-friendly gatherings and occasions: Motivating business customers to embrace carbon-neutral event procedures at our locations
• Community involvement: Collaborating with nearby groups to advocate for environmental preservation and sustainable travel
These initiatives underscore our dedication to innovation, sustainability, and uplifting Filipino skills.
Q: Is there considerable and increasing interest in sustainable travel experiences? What particular inquiries do travelers in this category pose, and how does this influence your marketing approach?
A: Definitely. Modern tourists are increasingly aware of their ecological footprint and look for eco-friendly accommodation choices.
Visitors frequently inquire about: environmental certifications and their carbon impact; sustainable eating choices and locally grown produce; as well as the hotel’s green practices and efforts toward reducing waste.
As a result, we make sure that sustainability is ingrained in our brand’s core identity.
Q: In your view, how might consumers’ expectations change over the coming three to five years? Which trends are you getting ready for in the days ahead?
A: The direction of the hospitality industry’s future will be determined by:
• Mass personalization: Travelers will anticipate highly customized experiences fueled by artificial intelligence and data analytics.
• Wellbeing and comprehensive trips: Visitors will focus on consciousness, health initiatives, and seamless travel encounters aimed at reducing stress.
• Sustainable and moral travel: Mindful tourism will boost the preference for environmentally friendly accommodations and conscientious hospitality procedures.
• Hybrid gatherings and digital incorporation: The MICE sector will progress with “phygital” (combining physical and digital elements) event structures, boosting connectivity and audience scope.
At NWR, we’re proactively gearing up for these developments by pouring resources into advanced hospitality tech, elevating customer interactions, and spearheading eco-friendly practices within Philippine tourism.
—CONTRIBUTED
Josiah Go serves as the chairman and chief innovation strategist at Mansmith and Fielders Inc.
