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WESM November prices edge up amid supply, demand shifts

The average price of electricity at the Wholesale Electricity Spot Market (WESM) posted a slight increase in November, latest data from the Independent Electricity Market Operator of the Philippines (IEMOP) show.

PhilCare partners with Globe Business to boost cybersecurity this holiday season

PhilCare, one of the Philippines' top health maintenance organizations (HMOs), has teamed up with Globe Business to enhance its cybersecurity measures, ensuring the safety and security of its members' personal information this holiday season.

InLife acquires Generali Life, strengthens position in Philippine market

Insular Life (InLife), the country’s largest and oldest Filipino-owned life insurance company, on Thursday announced its acquisition of 100 percent of Generali Life Assurance Philippines, Inc., marking a major expansion in the local insurance landscape.

Government eases financial burden on electric cooperatives with local tax exemption

The Department of Energy (DOE) and the Department of Finance (DOF) have issued a joint memorandum circular granting electric cooperatives (ECs) across the Philippines exemption from local taxes, fees, and charges imposed by local government units (LGUs).

New route boosts travel to Siargao via Clark International

The Philippine Airlines (PAL) has expanded its domestic flight network with the resumption of services between Clark International Airport (CRK) and Siargao Island Airport, enhancing travel options for residents and tourists alike.

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URC eyes modest growth amid global risks

Universal Robina Corporation is aiming for mid-single-digit revenue growth this year despite concerns over global uncertainties, including tensions in the Middle East.

CLI 1Q profit drops 22%

Cebu Landmasters Inc. reported a 22 percent drop in net income in the first quarter, falling to P1.02 billion from P1.32 billion a year earlier.

F&B investors still eye PH expansion despite political, global risks

Foreign food and beverage (F&B) investors remain interested in expanding operations in the Philippines despite political uncertainties and global supply concerns, according to Food Industry Asia (FIA).

Luzon, Visayas grids stay under red and yellow alerts for second day

The Luzon and Visayas power grids remained under red and yellow alerts on Thursday as electricity demand continued to exceed available supply due to power plant outages and extreme heat-driven consumption.
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