Regional authorities across South Korea are currently engaged in a high-stakes struggle to secure the nation's debut small modular reactor installation, lured by the promise of vast financial dividends.

The Philippines is grappling with a national energy emergency as soaring fuel prices and extreme heat drive up utility costs and trigger rotational blackouts across the provinces, reported various local officials on April 26.

The outlook revision reflects uncertainty over CPC’s ability to restore interest coverage above 4.0x, amid higher oil prices and limited cost pass-through.