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Meralco electricity rates to increase by P0.0327/kWh in August

Manila Electric Co., the listed power distributor whose service area generates half of the country's economic output, said Monday power rates in August will rise by P0.0327 per kiloWatt-hour, lifting overall rate for a typical household to P11.6339 a kWh.

DA, URC tandem sustain program boosting potato farming

The Department of Agriculture (DA) and the Universal Robina Corp. (URC) have agreed to sustain a program that has significantly enhanced potato farming and overall farm productivity in the Philippines.

Vitarich earnings gets boost from improved operations, cost management

Vitarich Corp., a listed poultry integrator and manufacturer of animal feeds and food products, said its first-half net income surged to P167.0 million, bolstered by improved operations and strict cost management.

Emperador reaches deal with Arran for 6-month extension of ELS shares conversion

Emperador Inc., a leading player in the global spirits industry, said Monday it reached an agreement with Arran Investment Pte Ltd for a six-month extension of the conversion period to tranche 2 ELS shares to February next year.

RCBC supports responsible credit card use among young Filipinos

The Rizal Commercial Banking Corp. (RCBC) is actively advocating for responsible credit card use among young adults. 

Just in

Eleven power firms eye Meralco bidding for 900-MW supply deal

At least eleven power generation companies have expressed intent to bid for the 900-megawatt supply contract of Manila Electric Company, signaling strong market interest and competitive prospects for the distribution utility’s long-term power requirement.

Gov’t seeks global partners for Mindanao Railway

The Philippines is reaching out to India and other international partners to secure financing for the Mindanao Railway Project, following the withdrawal of earlier financial support from China.

Semirara questions DOE bidding rules, cites harm to industrial policy success 

Semirara Mining and Power Corporation has challenged the Department of Energy’s latest bidding rules, warning that the revised guidelines undermine the national government's intent to foster long-term industrial productivity and resource stability.

GoTyme urges mandatory open finance to challenge big banks

GoTyme Bank is calling on the government to mandate open finance in the Philippines, arguing that resistance from established lenders is limiting consumers’ control over financial data and restricting access to affordable credit.
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