ERC supports Meralco plan to reduce cost of generating power
THE Energy Regulatory Commission (ERC) said it supports Manila Electric Co.’s (Meralco) proposal to mitigate the expected surge in generation charges for the May...
ADB, Security Bank to offer SMEs supply-chain financing
THE Asian Development Bank (ADB) has entered a Risk Participation Agreement (RPA) with Security Bank Corp. to expand supply chain finance access for small-...
PCCI exploring BPO, agriculture tieups with Paraguay companies
THE PHILIPPINES is looking to boost trade and investment ties with potential partners from Paraguay, with a focus on business process outsourcing (BPO), agriculture,...
FDI inflows slump 31% in February
NET INFLOWS of foreign direct investments (FDIs) into the Philippines declined by nearly 31% year on year in February, the Bangko Sentral ng Pilipinas (BSP) said.
Household spending growth seen slowing amid inflation, oil shock
HOUSEHOLD spending growth in the Philippines is expected to slow this year as elevated inflation, weak consumer confidence, and higher oil prices due to...
House sends VP Duterte impeachment case to Senate
THE HOUSE of Representatives on Monday approved the articles of impeachment against Vice-President Sara Duterte-Carpio after 257 lawmakers voted in favor during plenary session at the Batasang Pambansa, formally sending the case to the Senate for trial.
PPP Center says commitments ‘intact’ despite cost pressures
THE Public-Private Partnership (PPP) Center said infrastructure commitments under existing PPP projects remain intact despite rising global cost pressures linked to the conflict in the Middle East.
Diesel prices set for nearly P10 rollback
MOTORISTS can expect a sharp rollback in diesel and kerosene prices this week, while gasoline prices are set to edge higher, amid easing global...
Philippine peso’s falling trajectory defies rate hike expectations
THE Philippine peso is likely to sink to new lows against the dollar as the country’s outsized vulnerability to high energy costs offsets expected...
Luzon Economic Corridor admits more partners
THE LUZON Economic Corridor (LEC) partnership has been expanded to include Australia, Denmark, France, Italy, South Korea, Sweden, and the United Kingdom, the US...
DA preparing for severe dry spell after forecast of ‘strong’ El Niño
THE Department of Agriculture (DA) said preparations are being put in place for what it called a potentially strong El Niño, citing the weather...
EV adoption campaign seen facing affordability hurdles
THE campaign to promote the adoption of electric vehicles (EVs) as an alternative to internal combustion engine (ICE) cars is running up against affordability concerns and the dearth of charging infrastructure, according to Agile Data Solutions, Inc., a market research firm.