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WESM rates 19 percent more expensive in May

The cost of power sold at the Wholesale Electricity Spot Market (WESM) has proven more expensive in May, according to the Independent Electricity Market Operator of the Philippines (IEMOP).

DA seeks DOH help in assessing animal vaccines, biologics

The Department of Agriculture (DA) and the Department of Health (DOH), including their respective agencies as the Bureau of Animal Industry (BAI) and the Food and Drug Administration (FDA), have agreed to allow the BAI to help the FDA assess animal vaccines and biologics.

CA orders MFT Group asset freeze  

The Court of Appeals has ordered the freezing of the bank, investment and insurance accounts of the Maria Francesca Tan Group of Companies upon finding probable cause its assets were linked to unlawful activity.  

Makati RTC finds Calata guilty of price manipulation 

Executives at delisted company Calata Corp. have been ordered to pay P8 million in fines for making misleading and exaggerated statements about the Mactan Leisure City project.

Telco revenue seen higher despite changes in how data is consumed

Smart Communications Inc. on Monday bared the sustained expansion of its mobile data business on the back of Filipinos spending more time on social media apps.

Just in

ERC approves higher refund for Meralco customers, may shorten payout period

The Energy Regulatory Commission (ERC) has provisionally approved a higher refund of P19.96 billion for Manila Electric Co. (Meralco) customers, equivalent to P0.1189 per kilowatt-hour (kWh). This is larger than Meralco’s original proposal of P19.1 billion.

SRA releases first cash aid to sugar farmers amid rising fuel costs

The Department of Agriculture (DA), through the Sugar Regulatory Administration (SRA), has begun distributing the first batch of cash assistance to sugarcane farmers under the Presidential Assistance for Farmers and Fisherfolk Program (PAFFP).

DigiPlus links ArenaPlus to global anti-match-fixing network

DigiPlus Interactive Corp. has integrated its sportsbook brand ArenaPlus sportsbook platform into the Sportradar Integrity Exchange (SIE), a global system that helps detect and prevent match-fixing.

Federal Land sees steady demand despite incertainty

Federal Land NRE Global Inc. (FNG) said demand for its projects remains strong despite economic uncertainties, particularly in its 600-hectare River Park development in Cavite.
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