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 scored a major vote of confidence as S&P Global Ratings affirmed the country’s investment-grade credit rating, saying the economy remains one of Asia’s strongest despite a temporary slowdown.
Batu Ampar Container Terminal (BACT) and Batam Terminal Petikemas (BTP), together with Interport Mandiri Utama, will take over as the single operator of the North Pier at Batu Ampar Port beginning December this year. The move is part of a major effort to modernize operations and boost Batam’s position as a regional logistics hub.
GCash’s new in-app feature for buying shares in initial public offerings (IPOs) and follow-on offerings (FOOs) is gaining traction, opening fresh growth opportunities for listed companies while making the stock market more accessible to everyday Filipinos.
The Securities and Exchange Commission (SEC) has approved Sta. Lucia Land Inc.’s rental pool investment offerings under the agency’s streamlined SEC RENT program, which simplifies how real estate firms register non-traditional investment products.