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.
The Philippines is accelerating its trade diplomacy to counter a widening goods deficit and tougher global conditions, officials said at the Industry-Trade Policy Dialogue on January 26. The push centers on expanding market access, shoring up exports, and diversifying partners as protectionism rises.
Liberty Flour Mills Inc. is taking a hard look at its future, with its board approving the launch of a formal strategic review covering its flour milling business and selected non-core assets—a move that could reshape the company’s portfolio and capital priorities.
The US Federal Reserve kept interest rates unchanged on Wednesday, signaling confidence in the economy’s underlying momentum while resisting growing political pressure to ease policy.
Alex Eala did not just play tennis on a sticky Manila night. She surfed the noise, stared down the pain, and converted Rizal Memorial into a very loud, very personal launchpad.