Rate cut sought for green homebuyers

SET-listed developers Sena Development Plc and Sansiri Plc will hold discussions with financial institutions in an effort to reduce the interest rate on mortgage loans for buyers of energy-saving homes, estimated at between 0.5% and 1% in the first year.2

US to help set up geothermal power plant in Mindanao

THE United States plans to construct a geothermal power plant in Mindanao to provide consumers clean energy and cheaper electricity. A fact sheet released by the White House on Sunday said that US Vice President Kamala Harris will launch new initiatives to strengthen the US-Philippines alliance, including cooperation in the energy sector.