Top News
MPIC agri unit steers clear of the meat business but ramps up vegetable, dairy operations
Metro Pacific Agro Ventures Inc., a unit of conglomerate Metro Pacific Investments Corp., is ramping up its vegetable and dairy operations by going into the chicken egg and carabao milk business.
BSP delivers first interest rate cut since pandemic
The Bangko Sentral ng Pilipinas cut its target reverse repurchase rate by 25 basis points to 6.25 percent, underscoring the monetary authority’s confidence that headline inflation is on a downward trajectory despite the spike in July.
ERC relents on genco pass on costs, signals consequent charge/unit rate adjustments
The Energy Regulatory Commission (ERC) on Thursday announced authorizing the Manila Electric Co. (Meralco) to collect on behalf of power generation companies or gencos so-called pass-on costs that have been denied the industry for some time, compelling some of the more heavily affected companies to seek prompt redress of their grievances.
Bank of Commerce earnings dragged down by technology, people investments
Bank of Commerce, the banking affiliate of San Miguel Corp., saw net income in the first half decline by 11 percent to P1.42 billion, weighed...
Strict cost recovery limits financially painful for clean energy providers
First Gen Corp. on Wednesday urged regulators to act promptly on the cost recovery mechanism of power companies using imported liquefied natural gas (LNG), saying the dilly dallying is causing financial pain and sends signals that only discourages the entry of more investors.
