Tag: Bangko Sentral ng Pilipinas

The Department of Energy (DOE) is set to release a formal coal transition plan, a key policy step that aligns the country’s climate commitments and renewable energy targets while securing stable power supply amid ongoing challenges in the coal sector.

Crews of Manila Electric Co., or Meralco, are working round-the-clock to restore electricity in areas hit by heavy rains and flooding from the enhanced southwest monsoon, with around 49,000 customers still experiencing service interruptions as of 4 p.m. Sunday.

The Department of Agriculture is sharpening its strategy against the potential return of the El Niño weather phenomenon, responding directly to alerts from central bank officials that future droughts could trigger a new wave of inflation. Monetary authorities have emphasized that farm output and market prices are deeply linked, making agriculture policy a primary front in the country’s fight against rising living costs. For everyday consumers, any drop in farm production quickly turns into higher prices for kitchen staples, directly impacting household budgets.

Motorists can expect relief at the pumps this week as fuel prices are projected to fall on Tuesday, bringing an end to two consecutive weeks of increases.