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ERC determines higher-than-permissible NGCP MAR over four years; likely refund looms

The Energy Regulatory Commission (ERC) has determined a much lower value in the maximum allowable revenue (MAR) permitted of the National Grid Corporation of the Philippines (NGCP) for the years 2016 through 2020.

DNL income narrows 29% over 9 months

Chemical manufacturer D and L Industries Inc. on Wednesday said its income narrowed 29 percent over nine months this year to P1.79 billion from last year’s P2.54 billion as a result of a tougher business environment, the lingering effects of high inflation and incremental expenses related to the commercial operations of its new Batangas plant.

Exuberant spirits, beer sales push SMFB 9-month income 4% higher

San Miguel Food and Beverage Inc. on Wednesday reported brisk beer and spirits sales in the first nine months that boosted income by 4 percent to P27.5 billion from last year’s P26.34 billion.

Study urges government to explore cashew potential

A study led by the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) is urging government to explore the potential of cashew fruits to boost farmer income.

Resilient residential market push 9-month Ayala Land income 38% higher

Property developer Ayala Land Inc. on Wednesday reported income rising 38 percent in the first nine months this year to P18.39 billion from only P13.34 billion a year ago, courtesy of a resilient residential market and vibrant consumer activity despite the ongoing macroeconomic challenges.

Just in

AMLC report cited in ill-gotten wealth charge in VP impeachment trial

A tabulation presented by the Anti-Money Laundering Council (AMLC) to the Senate, sitting as an impeachment court, showed covered and suspicious transactions involving Vice President Sara Duterte’s accounts from 2007 to 2025. The records reflected total inflows of P1.41 billion, outflows of P1.06 billion, and P1.26 billion in transactions with undetermined inflow or outflow. The report also showed inflows from China and other countries amounting to hundreds of millions of pesos involving Cale88 Foods Corp., owned by Duterte’s husband, Atty. Manases Carpio, with whom she has an absolute community of property. The AMLC report forms part of the prosecution’s evidence on alleged ill-gotten wealth, as prosecutors contend their salaries and business income are insufficient to explain their accumulated wealth.

Split fuel price adjustments hit pumps; diesel down, gasoline and kerosene up

The various fuel retailers are implementing mixed price adjustments at the pump this week, ending a brief period of across-the-board rollbacks.

Group pushes urgent backing for rooftop project across ASEAN

The Asian Photovoltaic Industry Association calls for stronger regional support for rooftop solar and energy storage as core to building more resilient, flexible power systems.

Power disconnection freeze extended through year-end with focus on vulnerable households  

The Energy Regulatory Commission plans to extend its suspension of electricity service disconnections through the end of the year, though the policy will feature a narrower target audience to balance relief for consumers with the financial stability of power utilities.
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