Cooler climate tempers Meralco sales growth; commercial, residential demand hold steady
Meralco, the country's largest power distributor, projects marginal growth in power sales for 1H 2025, a slowdown attributed primarily to cooler summer weather conditions that reduced energy consumption, particularly in the residential segment. Despite this, the company maintains a degree of resilience, with slight upticks in retail trade and restaurant-driven demand, signaling continued post-pandemic consumer activity.
PHI cuts power rates, delivers household savings in Visayas
Razon-led Primelectric Holdings Inc. (PHI) is accelerating infrastructure upgrades, system loss reduction initiatives, and smart market strategies across its three power distribution utilities to maintain competitive electricity rates and enhance service quality.
Gas, diesel prices slashed as oil dips
Motorists can expect a significant relief at the pumps starting Tuesday, as fuel prices are set to drop further following a full week of global crude trading and a de-escalation of geopolitical tensions in the Middle East.
Rice price drop in June may slow inflation; broader risks remain
Inflation in June appears poised to continue its descent following May’s six‑year low of 1.3 percent—a drop largely fueled by a sharp decline in rice prices, according to the Philippine Statistics Authority (PSA).
Century Properties expands into Mindanao market
Century Properties Group Inc. (CPG), led by president and CEO Jose Marco R. Antonio, announced its entry into the Mindanao real estate market, marking a significant milestone in the company’s nationwide expansion.
