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BSP chief swears in new MB member Bernardo

Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has administered the oath of office to new member of the Monetary Board (MBM) Romeo L. Bernardo in a ceremony held on Thursday at the BSP head office in Manila. MBM Bernardo will have a six-year term starting 14 September 2023.

Farm groups sound alarm on Manila overtaking Beijing as rice importer Number 1

The potential for the Philippines to top China as the world's largest rice importer has scandalized local farm groups who said on Thursday this was not something to be proud of.

Electricity prices down in Luzon, the Visayas but up in Mindanao

The Independent Electricity Market Operator of the Philippines (IEMOP) reported falling Wholesale Electricity Spot Market (WESM) prices in Luzon and the Visayas in September, bucking prices reported in Mindanao.

SEC identifies Melon Plus, Mono Mall as pyramiding fraudsters

There is no doubt that Melon Plus/Primelogix Marketing Inc. is a pyramid scheme. There is also not doubt that Mono Mall has forged its certificate of incorporation that the Securities and Exchange Commission has labelled as fake. 

First Gen doubles renewable energy pact in Negros to 40 MW

The Energy Development Corp, a First Gen Corp. subsidiary, has signed a 20-megawatt base load supply agreement with the Central Negros Electric Cooperative (Ceneco) in Negros Occidental.

Just in

Malacanang orders surprise halt on transport fare hikes

The Department of Transportation (DOTr) has suspended the planned fare increases for public utility vehicles (PUVs) following a directive from President Ferdinand Marcos Jr., as global oil prices continue to rise due to tensions in the Middle East.

Luzon barangays can win P50,000 for Flores de Mayo via Lalamove

Luzon communities preparing for the annual Flores de Mayo festival now have a chance to receive support from Lalamove through its new initiative, Flores de LALA. The program highlights the effort behind the celebrations, from planning and decorations to organizing processions and church activities.

PSE says Maya’s U.S. listing could be “very difficult”

The Philippine Stock Exchange (PSE) says it could prove challenging for fintech firm Maya Philippines Inc. to list first in the United States before going public locally. PSE president and CEO Ramon S. Monzon warned that Maya could become an “orphan” stock—ignored by major U.S. investors and analysts—after a U.S. listing.

Rockwell raises P10B in bond market comeback 

Rockwell Land Corporation has returned to the debt market with a P10 billion bond issuance—its first since 2013—drawing strong demand and signaling renewed investor confidence in the premium developer.
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