Trade in global goods showed signs of a turnaround in the second quarter of 2023, driven by strong automobile production and sales, according to the World Trade Organization (WTO).
After the combined rate reduction of P1.0121 in the past two months, the Manila Electric Company (Meralco) announced Friday an upward adjustment of P0.5006 per kWh in the electricity rate this September. With this, overall rate for a typical household is P11.3997 per kWh this month from P10.8991 per kWh in August.
The Department of Transportation (DOTr) on Friday accelerated the release of fuel vouchers after the Department of Budget and Management (DBM) green lighted the release of P3 billion subsidy for public utility vehicle (PUV) drivers to cushion the impact of spiraling oil prices.
Metro Pacific Investments Corp. said Friday minority shareholders have tendered a total 5.36 billion common shares, equivalent to 18.7 percent stake in the listed investment holding company.
First Philippine Holdings Corp. said its board approved a new share buyback program that gives the Lopez-led conglomerate up to P5 billion to repurchase its own shares over the next two years while also declaring P467 million in cash dividends.
The Department of Environment and Natural Resources has activated all its units to scale up El Niño preparations, as DOST-PAGASA warns the event could turn very strong by late 2026 and persist into mid-2027.
The Philippines has reaffirmed its 75 percent emission reduction and avoidance target in its 2026 Nationally Determined Contribution (NDC), laying out concrete plans to curb short-lived climate pollutants (SLCPs)—or “superpollutants”—at the Superpollutant Action Summit in New York. Held alongside the 81st UN General Assembly and organized by the Climate and Clean Air Coalition, the summit gathered global leaders to speed action on pollutants that drive rapid warming and health harm.
The electric vehicle has arrived in the Philippines with a promise familiar to anyone who has spent an afternoon crawling along EDSA: less dependence on gasoline, quieter motoring, and a little less money disappearing into the fuel tank. It’s an appealing proposition. The only complication is that the Filipino road has never been particularly interested in making life easy for anyone.