Meralco July power rate rises P0.3428/kWh on higher generation charge
The Manila Electric Co. (Meralco) raised electricity rates for July by P0.3428 per kilowatt-hour (kWh), with higher generation costs accounting for more than half of...
Category : World
Sandiganbayan rejects Estrada bid to attend Duterte impeachment trial
The Sandiganbayan Fifth Division denied detained Senator Jose “Jinggoy” P. Ejercito Estrada’s request to attend the Senate impeachment trial of Vice President Sara Duterte-Carpio, ruling...
Bavi, enhanced southwest monsoon to bring heavy rains, strong winds
Intense rainfall and strong winds are expected across several areas of the country due to the combined effects of Typhoon Bavi (local name Inday) and...
A decade after Hague win, Filipino fishers still shut out of Scarborough Shoal
LEONARDO CUARESMA remembers when a day at Scarborough Shoal almost guaranteed a full catch. Nearly a decade after the Philippines won an international arbitration case...
DBCC trims revenue goals
THE DEVELOPMENT Budget Coordination Committee (DBCC) trimmed its tax revenue projections for this year, as it cut the Bureau of Internal Revenue (BIR) target by...
Philippines secures $60-M grant from MCC
THE PHILIPPINES has secured a $60-million (around P3.7-billion) grant from the US Millennium Challenge Corp. (MCC) to support reforms aimed at improving energy security, electricity...
SM Prime opens P7-billion Cebu arena
SM PRIME HOLDINGS, Inc. has expanded its South Road Properties (SRP) estate in Cebu City with the opening of the P7-billion SM Seaside Cebu Arena,...
Stocks snap six-day run on ME, growth concerns
PHILIPPINE SHARES on Thursday snapped their six-day winning run as investors turned cautious over renewed tensions in the Middle East (ME) and weakening economic prospects....
‘Significant’ revenue gains seen from property valuation reform
By Aaron Michael C. Sy, Reporter THE REAL PROPERTY Valuation and Assessment Reform Act (RPVARA) is expected to raise local government revenue by “significant” amounts...
June spot power prices surge after continued Visayas grid instability
ELECTRICITY spot market prices rose in June after supply margins thinned due to persistent power plant outages in the Visayas, the Independent Electricity Market Operator...