DOTr offers fare refunds for MRT-3 payment errors
In response to system errors encountered during the ongoing pilot run of cashless payments on MRT-3, the Department of Transportation (DOTr) and MRT-3 management announce the provision of free single journey tickets (SJT) to affected passengers starting today, Monday.
MRT-3 rehab deal renewed, upgrades coming
The Department of Transportation (DOTr) has extended the maintenance and rehabilitation contract of Japan’s Sumitomo Corp. for the Metro Rail Transit Line 3 (MRT-3) by another year, securing the continuity of service and laying the groundwork for long-term system improvements.
ERC clears Alabat Wind grid link
The Energy Regulatory Commission (ERC) has approved the application of Alabat Wind Power Corp., a subsidiary of Alternergy Holdings Corp., to connect its Alabat Wind Power Project to the Luzon power grid.
T-Bill yields mixed as slew of data loom
Treasury bill yields moved mostly lower at Monday’s auction, as investors braced for a raft of key economic reports that could influence future monetary policy direction.
Semirara income falls as coal, power prices stabilize
Integrated energy firm Semirara Mining and Power Corp. (SMPC) reported a P4.1 billion net income in the second quarter of 2025, a 33 percent decline from P6.1 billion in the same period last year, as coal and electricity prices continued to stabilize from 2023 highs.
