Abalos: CREATE MORE to temper high power cost woes of investors

Alyansa Para sa Pagbabago senatorial aspirant Benjamin “Benhur” Abalos Jr. says the newly-signed Republic Act (RA) No.12066, or the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act will address a major barrier to foreign direct investment (FDI): high electricity costs.

BARMM, DOE sign first coal contract in Bangsamoro area

DAVAO CITY—The Bangsamoro government sealed a partnership agreement with the Department of Energy on October 24 to start the first operating contract on coal exploration in the Bangsamoro region “marking a significant step in advancing energy security and driving economic growth in the Bangsamoro,” the regional autonomous government has announced.