Federal Reserve hold rates, eyes inflation, jobs paths
The Federal Open Market Committee (FOMC) on Thursday held the federal funds target range steady at 4.25 percent to 4.5 percent, citing steady economic growth and lingering inflationary pressures.
Meralco unit commissions 100 MW ancillary power plant in Singapore
Meralco PowerGen Corp. (MGen) subsidiary Pacific Light Power Pte Ltd. (PLP) based in Singapore has commissioned a 100-megawatt (MW) fast-start ancillary services facility on Jurong Island, boosting its commercial capabilities in the city-state's highly competitive energy market.
Stakeholders urge fast-track of coastal protection bills
Environmental stakeholders are urging the government to intensify support for the proposed Integrated Coastal Management Act and Coastal Greenbelt Bill, citing urgent ecological and policy implications.
Flexible energy sourcing gains ground under RAP
Retail electricity supplier Evo Energi Inc. has been tapped by 22 companies to supply power under the Retail Aggregation Program (RAP), the Energy Regulatory Commission (ERC) said, marking the commercial move toward cost-efficient and flexible energy sourcing in the country.
Fuel prices seen surging on supply fears, not shortages
Fuel prices across the country are forecast sharply higher next week, with gasoline projected to rise by ₱2.30–₱2.50 per liter and diesel by as much as ₱3.40–₱3.60 per liter, according to Jetti Petroleum Inc. president Leo Bellas. This marks potentially the steepest hike this year, surpassing the ₱1.80 per liter adjustment in gasoline recorded on 17 June.
