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Apple cancels work on electric car, source says

Communications & Technology Context.ph Context.ph -
Apple has canceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked off the project.

TikTok shakes up senior roles including in trust and safety unit, Information reports

Sports & Entertainment Context.ph Context.ph -
ByteDance-owned short video app TikTok is replacing several senior executives including the person running its trust and safety unit which handles content moderation, the Information reported on Tuesday, citing people at the company and a memo sent to staff.

Controlling investors at Coca-Cola Ph investing $1 billion over 5 years

Corporate Context.ph Context.ph -
Coca-Cola Europacific Partners Plc. (CCEP), the new controlling owners at Coca-Cola Beverages Philippines Inc., has pledged to invest $1 billion into the enterprise over a five-year period.

ACEN rate adjustment claims could force Meralco to seek adjustments of its own

Energy & Mining Context.ph Context.ph -
The Manila Electric Co. (Meralco) said power rates in Metro Manila could go up should regulators allow ACEN Corp. to apply so-called change in circumstance (CIC) claims on its power supply agreements (PSAs) with the distribution utility. 

Miscreants now selling smuggled onions online and profiting from stolen NFA rice

Agriculture Context.ph Context.ph -
Free market miscreants are running circles around authorities selling smuggled onions online on one hand and profiting from allegedly stolen rice from out of government-owned warehouses operated by the National Food Authority (NFA).
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DA expands Isabela LGU tie-up to boost ube production, raise farmer incomes

Agriculture 0
The Department of Agriculture is strengthening its partnership with local government units and private stakeholders to scale up ube production, meet rising global demand, and create more export opportunities for Isabela farmers.

GSIS opens new Dagupan branch

Corporate Bulletins 0
The Government Service Insurance System or GSIS has opened its new Dagupan branch, replacing the old facility that had served the province since 1961. The new office at Cityscape Lifestyle Center is flood-free, more spacious, and modern, serving over 73,000 members and pensioners across Pangasinan.

September WESM prices rise 3.1% nationwide, set to reflect in October bills

Energy & Mining 0
Electricity prices at the Wholesale Electricity Spot Market climbed 3.1 percent in September, according to the Independent Electricity Market Operator of the Philippines. The Independent Electricity Market Operators of the Philippines or IEMOP reported Tuesday that the national average hit P7.43 per kilowatt-hour as of September 25, up from August’s P7.21 per kWh. It said the rates will be used to calculate spot-market electricity costs billed this October.

Rockwell joins expanded 4PH to widen homeownership access

Property 0
Rockwell Land Corp. has joined the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, agreeing to offer preferential housing prices and incentives to qualified Pag-IBIG Fund members as the administration seeks to widen access to homeownership among working- and middle-class Filipinos.
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