Tag: Bank of the Philippine Islands

The Energy Regulatory Commission (ERC) has summoned 22 generation companies to explain the persistent derating of 27 power facilities between January and April this year, citing concerns over the growing unreliability of energy supply to businesses and households.

The Japan Credit Rating Agency, Ltd. (JCR) has affirmed the Philippines’ sovereign credit rating at “A-” with a “stable” outlook, reflecting confidence in the country’s macroeconomic stability and growth trajectory.

Transportation Secretary Vince Dizon has urged MRT-3 maintenance provider Sumitomo Corp. of Japan to expedite safety testing for 48 unused China-made Dalian light rail vehicles (LRVs) to help expand the train line’s capacity.