Meralco to open bids for nearly 3,000 MW in long-term power deals
Manila Electric Co. (Meralco) is preparing to launch competitive selection processes (CSPs) for 2,951.426 megawatts (MW) of electricity supply, opening a significant commercial opportunity for power generators looking to secure long-term contracts in the Philippines' largest power distribution market.
Fitch reaffirms PH credit rating, citing inflation gains and stable outlook
International credit watchdog Fitch Ratings has reaffirmed the Philippines’ long-term foreign currency issuer default rating at “BBB” with a stable outlook, citing the government’s effective monetary policy and macroeconomic resilience, especially in curbing inflation.
Pilot P20 rice program to benefit 15M households
The Department of Agriculture (DA) on Tuesday said that up to 15 million poor Filipino households could benefit from the upcoming pilot run of the P20-per-kilogram subsidized rice program aimed at making affordable rice accessible.
Chelsea Logistics recovers in 2024, posts P177M net profit
Chelsea Logistics and Infrastructure Holdings Corp. reported a net profit of P177 million for 2024, a sharp reversal from P1.14 billion net loss in 2023.
Surge in USB-borne malware threatens SEA businesses’ security and operations
A new report from cybersecurity firm Kaspersky reveals a significant rise in targeted, on-device malware attacks against businesses in Southeast Asia (SEA), with nearly 50 million incidents blocked in 2024 alone—up 15 percent from 2023.
