Surge in copra prices bedevil coconut industry
The Philippine Coconut Authority (PCA) is taking swift action in response to the soaring price of copra, cooking oil, and other coconut-based products, which have escalated since mid-2024.
Meralco signals higher electricity rates in April
Manila Electric Co. (Meralco) has warned of potential increases in electricity rates for its customers this April, citing higher generation and transmission charges as primary factors driving up costs.
BPI pioneers retail aggregation program, boosting energy market potential
The Bank of the Philippine Islands (BPI) has become the country's first bank to adopt the Energy Regulatory Commission's (ERC) Retail Aggregation Program (RAP), a development that highlights the economic potential of the retail electricity market.
Kanlaon Volcano erupts, spews ash
Kanloan Volcano in Negros Oriental erupted early Tuesday, emitting a thick gray plume that rose 4,000 meters above the vent before drifting west and southwest. Pyroclastic density currents descended the southern slopes toward La Castellana, as seen through visual and thermal camera monitoring. The eruption also ejected large ballistic fragments that ignited vegetation near the summit. Thin ashfall was reported in La Carlota City, Bago City, and La Castellana. Communities within the 6-kilometer danger zone have been evacuated since the eruption in December. Alert Level 3 remains hoisted, which means another explosive eruption that may even generate lava flow could happen in the coming weeks or months.
TOP shares dip on PSE debut, but IPO marks key milestone
Shares of Cebu-based Top Line Business Development Corp. (TOP) closed lower on their debut day at the Philippine Stock Exchange (PSE), shedding 3 percent to end at P0.30 per share, just below the initial public offering (IPO) price of P0.31.
