The power distributor Manila Electric Co. (Meralco) is now compelled to temporarily procure supply from the Wholesale Electricity Spot Market (WESM) as the contracted emergency power supply agreement (EPSA) with Aboitiz Power Corp. worth 300 megawatts (MW) ended on Wednesday.
Maya, the country's top fintech platform, joined the Financial Literacy and Digital Adoption Program for OFWs in Hong Kong, helping Filipinos manage savings, credit, remittances, and avoid scams through its FinFit Program.
Philippine National Bank (PNB) has made its first domestic bond market return since 2019, raising P15.7 billion through a dual-tranche ASEAN Sustainability bond issuance.
The Bangko Sentral ng Pilipinas (BSP) today decided to lower its key interest rate, the target reverse repurchase (RRP) rate, by 0.25 percentage points to 4.5 percent.