Top News
Target 1,200-MW PH power capacity requires technology larger than micro or small nuclear reactors
The Manila Electric Co. (Meralco) recently acknowledged the inadequacy of original plans to embrace either the micro or small modular reactor (MMR/SMR) concept of power generation for the Philippines over the medium term given the need to generate 1,200 megawatts more capacity by 2032.
First-half Meralco subsidiary performance helps power 26 percent income jump to P23.12 billion
Manila Electric Co. (Meralco) on Monday reported a 26 percent jump in first-half net income to P23.12 billion from only P18.35 billion in the same period last year.
Carina agriculture damage climbs to P612.62M
Damage to the agriculture sector arising from the southwest monsoon and typhoon Carina totaled an estimated P612.62 million, up 53 percent from P399.91 million reported earlier, according to the Department of Agriculture (DA).
“Sufficiently numbered TNVS ensures competition and quality delivery of service”
The Land Transportation Franchising and Regulatory Board (LTFRB) has accredited 14 new transport network companies (TNCs) in a bid to increase competition and improve the overall quality of ride-hailing services for commuters.
Banks keep 2Q loan rates steady
The outcome of the Q2 2024 Senior Bank Loan Officers’ Survey (SLOS) show most banks keeping their credit standards unchanged for loans to businesses and consumers based on the modal approach. But the diffusion index (DI) method indicated a net tightening of credit standards for business loans and unchanged lending standards for household loans.
