Top News
PH moves to modernize coast patrol with P25.75-B fast craft deal
The government is ramping up efforts to modernize its maritime security forces, with the Department of Transportation (DOTr) opening bidding for the acquisition of 40 fast patrol crafts (FPCs) worth P25.75 billion for the Philippine Coast Guard (PCG).
ADB approves $1.45B MCRP loan in boost to economic connectivity
The Asian Development Bank (ADB) has approved a USD1.45 billion loan package representing the second and final tranche of financing for the Malolos–Clark Railway Project (MCRP), a key infrastructure initiative under the Philippine government’s North–South Commuter Railway (NSCR) system.
Remittances rise in February, boosting foreign currency inflows — BSP
Personal remittances from Overseas Filipinos (OFs) reached USD3.02 billion in February 2025, marking a 2.6 percent increase from the USD2.95 billion recorded in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported. The continued growth in remittances remains a crucial source of foreign exchange for the economy.
President Marcos extends Meralco franchise through 2050
President Ferdinand Marcos Jr. has signed into law a measure extending the franchise of Manila Electric Co. (Meralco), the country’s largest power distributor by sales and footprint, for another 25 years through 2050, Malacañan announced Tuesday.
NGCP wheeling rates rise 4.81% in March; transmission charges climb 11.51%
The National Grid Corporation of the Philippines (NGCP) announced a 4.81 percent increase in its transmission wheeling rates for the March 2025 billing period, a development expected to impact the power cost structures of distribution utilities and electric cooperatives nationwide.
