Meralco power rates up in May on thin supply
The Manila Electric Co. on Tuesday announced an increase of P0.4621 per kiloWatt-hour in the May electricity rate as generation charge rose on account of higher prices in spot electricity market and from power suppliers.
Difficult to detect spoofing scams on the rise – Globe general counsel
The Philippine Chamber of Telecommunications Operators (PCTO) is urging Filipinos to be extra vigilant against increasingly higher incidence of “spoofing” scams, particularly in Metro Manila.
Agriculture chief urges support to Rice Fund extension
Agriculture Secretary Francisco P. Tiu Laurel Jr. on Monday urged the legislators to support the extension of the Rice Competitiveness Enhancement Fund--a component of the Rice Tariffication Law that is being revisited for possible amendments—that has provided additional funding for government initiatives to improve the livelihoods of Filipino farmers.
Ayala Corp gets earnings lift from bank, property, renewable energy units
Ayala Corp., a diversified investment holding company, said Tuesday first-quarter net income surged 28 percent to P13 billion, aided by strong performances from its banking, property, and renewable energy businesses.
Subscriber growth, lower churn rate boost Converge 1Q earnings
Converge Information and Communications Technology Solutions Inc., the only pure-play high-speed fixed broadband operator, on Tuesday reported an 18 percent growth in net income to P2.6 billion on strong subscriber growth and an improvement in churn rate.
