KapitBisig.com Philippines

MANILA, Philippines – At least 18 new proposals have been filed with the Department of Energy (DoE) by firms seeking to harness ocean currents for power generation as part of the the country’s bid to increase its renewable energy sources.

Energy Secretary Jose Rene Almendras said this is a welcome development and the department is now evaluating at these proposals to put up ocean or marine-powered technologies in the country’s waters.

Full Story (mb.com.ph)

MANILA, Philippines – AgriNurture Inc. (ANI), the only listed agricultural firm in the country, hopes to raise almost P2.5 billion from a combination of private placement, stock rights offering and its much-delayed follow-on offering.

In an interview, ANI President Antonio Tiu said they are expecting $10 million from an “anchor investor” which will be infused via a private placement or quasi debt-to-equity deal.

Full Story (mb.com.ph)

The special mediation panel created by the Supreme Court (SC) has started efforts to settle the long-standing dispute between Hacienda Luisita Inc. (HLI) and its farmer-beneficiaries through a compromise deal.

Full Story (http://www.philstar.com)