Inflation slows to 1.4% in April, lowest in over four years
Headline inflation eased further to just 1.4 percent in April, marking the lowest rate since November 2019, according to the Philippine Statistics Authority (PSA).
ADB urges bold collective action amid uncertainty at Milan meetings
The Asian Development Bank (ADB) has called for intensified collective action to confront the region’s mounting challenges, framing today’s uncertainty as an inflection point for building a more resilient and sustainable future. Speaking at the Opening Session of ADB’s 58th Annual Meeting of the Board of Governors in Milan, Italy, ADB President Masato Kanda emphasized the urgency of coordinated responses to external shocks, climate change, and debt burdens.
DOE orders immediate clearing of power infrastructure for election readiness
The Department of Energy (DOE) has mandated energy sector stakeholders to swiftly remove obstructions from power infrastructure nationwide, especially illegal campaign materials, as part of preparations for the 2025 National and Local Elections.
SMPC eyes ECC approval for Acacia Mine expansion
Semirara Mining and Power Corp. (SMPC) is targeting the second half of 2025 to secure an environmental compliance certificate (ECC) from the Department of Environment and Natural Resources (DENR) for its planned expansion of the Acacia coal mine.
WESM prices drop 15.3% in April as supply outpaces demand surge
The average price of electricity sold at the Wholesale Electricity Spot Market (WESM) dropped by 15.3 percent in April, offering potential relief to consumers and commercial buyers facing rising summer demand. This was learned from data released Monday by the Independent Electricity Market Operator of the Philippines (IEMOP).
