Top News
WESM rates drop 11% in May, easing power costs for businesses and consumers
The average price of electricity in the Wholesale Electricity Spot Market (WESM) dropped by 11.2 percent to ₱4.01 per kilowatt-hour (kWh) in May, offering relief to commercial and residential consumers amid steady demand growth, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
Foodpanda among top taxpayers in Taguig City
Delivery Hero Philippines Inc., the operator of food delivery platform foodpanda, has been recognized as the eighth highest taxpayer in Taguig City for 2024, underscoring the company's growing commercial footprint and contribution to local economic development.
DepEd slashes paperwork to boost teaching focus nationwide
Public school teachers across the country are finally breathing easier as the Department of Education (DepEd), under the administration of President Ferdinand R. Marcos Jr., slashes classroom paperwork by 57% through a sweeping policy reform.
Moody’s sees May inflation unchanged at 1.4%
Inflation in the Philippines is expected to hold steady at 1.4% in May, according to a forecast by Moody’s Analytics released Monday, reinforcing a broader regional trend of cooling commodity prices. The official announcement is scheduled for release by the Philippine Statistics Authority this Thursday.
Credit growth moderates as liquidity expansion cools
Bank lending growth continued to moderate in April, mirroring a deceleration in domestic liquidity, according to the Bangko Sentral ng Pilipinas (BSP), which reaffirmed its commitment to maintaining monetary conditions aligned with price and financial stability objectives.
