Manila Electric Co.'s (Meralco) power generation arm, Meralco Power Gen Corp. (MGen), is actively pursuing the development of new coal-fired power plants, despite a government-imposed moratorium on new coal projects.
S&P Global Ratings has raised the country's credit rating outlook to "positive," signaling a potential upgrade to an "A-" rating within the next 24 months.
The average rates of treasury bills were higher at the auction Monday as the market awaits further monetary policy signals both from the US and the Bangko Sentral ng Pilipinas.
The Philippines has seen a notable increase in meat imports during the first nine months of 2024, with total shipments reaching 1.04 billion kilograms, a 12.6 percent jump from only 923.16 million kilograms in the same period last year.
The Philippines and New Zealand have taken a significant step in strengthening their climate change collaboration by signing a joint declaration on 19 November, committing to the goals of the Paris Agreement and the transition to a low-emissions economy.