More than 38,000 customers of the Manila Electric Co. (Meralco) remained without electricity Monday morning, as the enhanced southwest monsoon and Tropical Cyclones Luis and Maymay continued to disrupt services and cause widespread damage.
The Philippine Chamber of Commerce and Industry is pressing the government to quickly issue a Joint Administrative Order aimed at curbing soaring logistics costs and easing port congestion, warning that delays could further squeeze businesses and consumers as cargo volumes rise later this year.
The House of Representatives has approved a resolution commending the long-standing bilateral relations between the Philippines and Japan, marking the 70th anniversary of the normalization of their diplomatic ties.
San Miguel Corp. has grown its Backyard Bukid initiative to nine sites nationwide, marking its first presence in the Visayas as the project shifts from urban farming to boost community food security and livelihoods.
Semirara Mining and Power Corporation (SMPC) has notified the Department of Labor and Employment (DOLE) of a redundancy program, following a decision to slash its annual coal production target by over one-third compared to last year.
Luxury furniture maker DEDON Manufacturing Inc. has signed up as the first customer of COREnergy’s new solar-backed electricity plan, as manufacturers look for ways to better manage power costs and align energy procurement with daytime operations.
Treasury bill yields extended their climb at Monday’s auction as investors demanded higher rates amid expectations of faster inflation and tighter monetary policy.