Good day! Here’s the news for today. - Sep 29, 2023, Philippines, Asia Pacific Supplier, Supply, Supplies, Specialist

Good day! Here’s the news for today.

NEWS TITLE	METRIC
AboitizPower, Vivant, Vena Energy to Construct Samar Wind Project	Aboitiz Power Corp. has partnered with Vena Energy and Vivant Energy Corp. in putting a 206-megawatt (MW) wind power project in Visayas. The joint venture will be called Lihangin Wind Energy Corp. The three companies signed an agreement to construct and operate the San Isidro Wind Power Project in San Isidro, Northern Samar. In a report by Philippine Star, Aboitiz Power said that the wind project is looking to reach its financial close and begin construction by the fourth quarter. Read more: https://powerphilippines.com/aboitizpower-vivant-vena-energy-to-construct-samar-wind-project/
Marcos signs ‘Trabaho’ Act into law to craft job generation masterplan	President Ferdinand Marcos Jr. on Wednesday signed into law Republic Act No. 11962 or the “Trabaho Para sa Bayan Act” into law to address unemployment, underemployment, and other challenges in the country’s labor sector. “I am very pleased to stand before you today at this ceremonial signing of the Trabaho Para sa Bayan Act, a significant milestone towards the sustainable and inclusive development of our country,” the President said. “The law will help us solve the various challenges plaguing our labor sector such as low-quality jobs, skills mismatch, and underemployment among others,” he added. Read more: https://www.manilastandard.net/news/top-stories/314374703/marcos-signs-trabaho-act-into-law-to-craft-job-generation-masterplan.html
PH economy seen growing by 5.5% in 2023	MANILA – The Philippine economy is projected to grow by 5.5 percent this year, driven by the growth in government spending, a report released by the First Metro Investment Corporation (FMIC) and the University of the Asia and the Pacific (UA&P) said. In the September issue of The Market Call released on Wednesday, FMIC and UA&P said Philippine economic growth in the third quarter of the year will likely reach 5.0 to 5.2 percent. For the fourth quarter of this year, FMIC and UA&P project the country's gross domestic product (GDP) to grow by 6 percent. Read more: https://www.pna.gov.ph/articles/1210647
Li-Ion Battery Improvements to Drive a 6x Increase in Global EV Battery Output by 2030	With aggressive government decarbonization targets and OEM electrification strategies, electric vehicle (EV) production will majorly increase this decade. This will require a corresponding growth in EV battery output. New research from global technology intelligence firm ABI Research finds that global EV battery output production will increase nearly six times to 2,585GWh by 2030. “Battery cost and production volume are the key barriers to adoption for EVs. The most important technologies are, therefore, those that make batteries cheaper or easier to manufacture at scale. Revolutionary technologies such as solid-state batteries promise improved ranges and reduced charging times, generating much media attention, but are too expensive and difficult to manufacture. Battery developments this decade will focus on evolutionary improvements on current lithium-ion batteries,” said Dylan Khoo, Electric Vehicles Industry Analyst at ABI Research. The most advanced lithium-ion batteries currently available can achieve 1,000 km of range or charge in under 20 minutes. Further improvements will be made through technologies like the fully silicon anodes developed by companies such as Sila, expected to be delivered as soon as 2025. Solid-state batteries are unlikely to significantly impact this decade because their adoption would require changes in cell design and manufacturing, unlike improvements on existing lithium-ion battery technology. Read more: https://www.eetasia.com/li-ion-battery-improvements-to-drive-a-6x-increase-in-global-ev-battery-output-by-2030/

Published : 29-Sep-2023