Meralco rates climb P0.15/kWh in June
OVER EIGHT MILLION customers served by Manila Electric Co. (Meralco) will face higher bills this June, as the power distributor raises electricity rates due to...
Author : Michael H. Henry
BIR prepares for rollout of global minimum tax regime
By Justine Irish D. Tabile, Senior Reporter THE BUREAU of Internal Revenue (BIR) is preparing for the implementation of a proposed global minimum tax (GMT)...
MPTC-San Miguel tollway merger likely in third quarter — Pangilinan
METRO PACIFIC Tollways Corp. (MPTC) expects its merger with San Miguel Corp. to be completed by the third quarter, with negotiations moving into the valuation...
Pag-IBIG Fund offers payment moratorium, housing loan insurance following Mindanao earthquake
Pag-IBIG Fund is offering a one-month payment moratorium and reminding borrowers of their Housing Loan insurance coverage to help members recover from the devastation caused...
FDI net inflows jump 26% in March
By Katherine K. Chan, Reporter NET INFLOWS of foreign direct investments (FDI) into the Philippines grew year on year for the first time in three...
BSP has no space to replicate 2022-2023 tightening cycle
THE BANGKO SENTRAL ng Pilipinas (BSP) will likely remain hawkish, but weak economic growth could limit its space to curb rising prices via monetary tightening,...
Red alert raised in Visayas; Mindanao on yellow alert
By Sheldeen Joy Talavera, Reporter POWER SUPPLY STRAINS in the Visayas worsened after a major earthquake triggered widespread outages in Mindanao, leading to a supply...
DoE eyes aggressive targets to reduce oil import dependence
THE DEPARTMENT of Energy (DoE) is seeking to set more “aggressive” targets in a bid to reduce dependence on imported fuel, including increasing the adoption...
PLDT, KKR discuss Maya IPO issues as listing plan weighs structure
PLDT, Inc. said it is still in talks with KKR & Co., Inc. to resolve issues tied to the planned initial public offering of fintech...
Philippine jobless rate rises to 4.7% in April, underemployment hits near 3-year high
The Philippine jobless rate rose to 4.7% in April from a year earlier, while underemployment climbed to a nearly three-year high of 15.2%, signaling continued...