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IEMOP signals WESM price hikes as mercury levels climb in the hot months ahead
The Independent Electricity Market Operator of the Philippines (IEMOP) projected peak power demand rising 6 percent at the Wholesale Electricity Spot Market (WESM) as temperature climbs in the hot months forward when the island groups across the country demand the most from the power grid.
Property market stay bought through 2024 and beyond, Colliers
The property market in Cebu is expected to stay buoyant beyond 2024, with most development likely focused in cities of Cebu, Mandaue and Lapu-Lapu
Residential real estate prices push higher in 4Q 2023
Residential real estate prices of various types of new housing units in the Philippines continued to increase in 4Q 2023, rising by 6.5 percent year-on-year, albeit lower than the 12.9 percent growth in 3Q 2023. Quarter-on-quarter, the index contracted by 3.6 percent, which is a reversal of the 3.4 percent growth registered in 3Q 2023.
BSP delays Monetary Board’s rate-setting meeting to April 8
The Bangko Sentral ng Pilipinas said it decided to hold its second monetary policy meeting this year on April 8.
DOE takes back earlier assurances, now saying thinning reserves boost yellow alerts in months ahead
Below-capacity water levels at hydroelectric facilities in the Luzon grid has increased the likelihood of so-called yellow alerts being issued in the hot months ahead, the Department of Energy (DOE) said.
