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‘Power interruptions likely if regulator bucks supply contract extension’

The National Grid Corporation of the Philippines (NGCP) warned of intermittent power interruptions resulting from the denial by the Energy Regulatory Commission (ERC) of its request for the extension of ancillary service (AS) agreements while the competitive selection process (CSP) is underway.

Oil prices down for second consecutive week

Local oil retailers are implementing a second rollback in fuel prices in as many weeks. Seaoil on Monday announced a cut in the per liter price of its products by P0.85 for...

Regulators allow Megawide to sell 15M preferred shares

Megawide Construction Corp. said Monday the Securities and Exchange Commission has approved its primary offering of and certificate to sell 15 million perpetual series...

Mreit secures SEC approval of Taguig, Iloilo properties

Mreit Inc., the real estate investment trust of Megaworld Corp., on Monday secured  approval from the Securities and Exchange Commission for the acquisition of office...

India’s MX Player is ABS-CBN’s newest global content partner

ABS-CBN has partnered with India’s over-the-top (OTT) market leader MX Player to broaden its reach among international audiences. The collaboration is a first for both companies...

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BIR sets year-end deadline for e-invoicing compliance

Businesses covered by the Bureau of Internal Revenue’s (BIR) electronic invoicing mandate have until year-end to upgrade billing and accounting systems, potentially adding to software, technology and training costs.

Philippine-EU trade deal key as GSP+ exit nears

The Philippines is pushing for a free trade agreement (FTA) with the European Union to protect preferential market access and shield exporters from higher tariffs as the country moves closer to losing eligibility for the EU’s Generalized Scheme of Preferences Plus (GSP+).

UK seeks immediate trade gains with Philippines

The United Kingdom is seeking to deepen trade and investment ties with the Philippines without waiting for Manila’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), signaling a parallel approach to bilateral and regional economic integration.

Taiwan firm brings robotics manufacturing to Batangas

Taiwan-based CQS Precision Die Casting Inc. is expanding into the Philippines with a new manufacturing facility in Batangas, adding robotics production to the industrial mix at LIMA Estate.
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