Top News
WESM prices drop 3.9% in June, easing power costs
The average electricity price at the Wholesale Electricity Spot Market (WESM) declined by 3.9 percent in June, bringing the national rate down to ₱3.86 per kilowatt hour (kWh) from ₱4.01/kWh in May, according to data from the Independent Electricity Market Operator of the Philippines (IEMOP).
U.S. slaps 20% tariff on Vietnam under reciprocal trade push
The United States will impose a 20 percent tariff on Vietnamese imports under a new trade agreement, down from an initially planned 46 percent rate set to take effect next week.
Del Monte Foods enters bankruptcy; Parent DMPL faces $748M exposure
Del Monte Pacific Ltd. (DMPL) of the Campos Group on Wednesday confirmed that its U.S. subsidiary, Del Monte Foods Holdings Ltd. (DMFHL), has filed for Chapter 11 bankruptcy protection as part of a comprehensive restructuring and asset sale process.
Emperador names Glenn Manlapaz as new president
Emperador Inc., the liquor company owned by tycoon Andrew Tan, announced a leadership transition with the appointment of Glenn D. Manlapaz as president, replacing...
President Marcos urges SEC to fast-track reforms for capital market growth
President Ferdinand Marcos Jr. on Tuesday called on the Securities and Exchange Commission (SEC) to streamline its regulatory processes, reduce transaction costs, and accelerate reforms to support the growth of the Philippine capital market, aligning with the goals of the newly enacted Capital Market Efficiency Promotion Act (CMEPA).
