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Limay Power offers best deal for Meralco’s interim 400MW supply deal

Energy & Mining Context.ph Context.ph -
Manila Electric Co., the largest power distributor in the country, said Tuesday Limay Power Inc. offered the lower rate for the interim supply of 400 megaWatts through a competitive selection process.

Treasury awards full P30B offer at auction of 20-year bond; coupon set at 6.25%

Banking & Insurance Context.ph Context.ph -
The Bureau of the Treasury awarded in full P30 billion worth of 20-year treasury bonds at the auction Tuesday, with the coupon rate set at 6.25 percent.

“Grab has many enemies but that’s ok”

Top News Context.ph Context.ph -
Grab Philippines on Tuesday acknowledged the resentment some hold against its bid to secure regulatory approval for its own motorcycle taxi service that at the moment seems impossibly out of reach. It does not lose hope, however, that the coveted accreditation is eventually dispensed in its favor.

China Bank posts record P22 billion net profit in 2023, up 15%

Banking & Insurance Context.ph Context.ph -
China Banking Corp., one of the lenders owned by the Sy Group, said Tuesday net profit in 2023 rose 15 percent to a record P22 billion on double-digit growth in net interest income and lower provisions for possible loan losses.

Filinvest REIT net profit declines in 2023 to P1.28 billion

Corporate Context.ph Context.ph -
Filinvest REIT Corp., the listed real estate investment trust of the Gotianun Group,  said Tuesday unaudited net income last year slipped to P1.28 billion from P1.31 billion in 2022 as rental and other revenues slipped to P3.0 billion.
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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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