Top News
Meralco rates rise amid tight supply
Manila Electric Co. (Meralco) said on Thursday electricity rates in April will rise by P0.7226 per kilowatt-hour (kWh), pushing the overall residential rate to...
January FDI inflows drop 20%, signaling slower investor momentum
Foreign direct investment (FDI) inflows, the kind that stays invested in the country, dropped by 20 percent on net basis in January this year, totaling USD731 million, down from USD914 million a year ago, according to data released by the Bangko Sentral ng Pilipinas (BSP).
US markets plunge amid rising China trade tensions
U.S. shares tumbled on Thursday as mounting trade tensions with China overshadowed initial relief from President Donald Trump’s earlier decision to delay higher tariffs on America’s trading partners.
MCWD in 25-year desalination venture with Vivant
Vivant Corp. water unit Vivant Hydrocore Holdings Inc. (Vivant Water) has signed a 25-year joint venture with the Metropolitan Cebu Water District (MCWD) to supply Metro Cebu with clean, potable water through a large-scale desalination facility in Cordova, Cebu.
BSP cuts key rate to 5.5% amid slowing inflation
The Bangko Sentral ng Pilipinas (BSP) reduced its benchmark interest rate by 25 basis points to 5.5 percent at its rate-setting meeting Tuesday, citing easing inflation and the need to support domestic consumption and credit growth amid global headwinds.
