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.
Germany has ordered 20 additional H145M light combat helicopters from Airbus, raising its total order to 82 aircraft. The decision follows a contract signed in December 2023 that included an option for more helicopters.
Cybersecurity firm Tenable has released new research showing that no-code AI tools can be manipulated to commit financial fraud and leak sensitive data, raising serious concerns for businesses rapidly adopting these technologies. The research focuses on Microsoft Copilot Studio and highlights how the growing democratisation of AI, while designed to improve efficiency, can introduce major security risks if not properly governed.
Alsons Consolidated Resources Inc. (ACR) has received a higher credit rating from Philippine Rating Services Corp. (PhilRatings), which upgraded the company’s issuer credit rating to PRS Aa with a stable outlook.
President Donald Trump on Monday floated — but stopped short of promising — a rethink of marijuana’s federal status, sending cannabis stocks from high hopes to a harsh comedown.