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Bitcoin bursts above $68,000, record high comes into view

Markets Context.ph Context.ph -
Bitcoin rallied to a two-year high on Monday, breaking above $68,000 as a wave of money carried it within striking distance of record levels. The price hit a session high of $68,580 and was last at $68,161. Bitcoin hit a record $68,999.99 in November 2021.

ACEN Australia, Marubeni Asian Power sign deal for AUD250M solar project

Energy & Mining Context.ph Context.ph -
Philippine-listed renewable energy firm ACEN Corp. said Tuesday its unit, ACEN Australia, signed a cooperation agreement with Marubeni Asian Power Singapore for the joint development of a 200 megaWatt/400 MW-hour battery energy storage system in New South Wales.

ACEN rate adjustment claims could force Meralco to seek adjustments of its own

Energy & Mining Context.ph Context.ph -
The Manila Electric Co. (Meralco) said power rates in Metro Manila could go up should regulators allow ACEN Corp. to apply so-called change in circumstance (CIC) claims on its power supply agreements (PSAs) with the distribution utility. 

Japan’s new births fall to record low in 2023 as demographic woes deepen

Education, Health & Science Context.ph Context.ph -
The number of babies born in Japan fell for an eighth straight year to a fresh record low in 2023, preliminary government data showed on Tuesday, underscoring the...

China Bank posts record P22 billion net profit in 2023, up 15%

Banking & Insurance Context.ph Context.ph -
China Banking Corp., one of the lenders owned by the Sy Group, said Tuesday net profit in 2023 rose 15 percent to a record P22 billion on double-digit growth in net interest income and lower provisions for possible loan losses.
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ManulifeMOVE promotes holistic approach to longer lives

Banking & Insurance 0
Manulife Philippines is expanding its focus on preventive health and financial preparedness through ManulifeMOVE, a wellness program designed to help Filipinos build healthier habits and prepare for longer, more secure lives.

BSP sees elevated inflation shaping 2027 budget

Economy 0
The Bangko Sentral ng Pilipinas expects inflation to remain elevated in 2027, with the government adopting a 4 percent to 5 percent inflation assumption in crafting the proposed national budget amid continued global and domestic price risks.

Secretary Go says 2027 budget to prioritize fiscal discipline

Economy 0
Finance Secretary Frederick Go said the government’s 2027 budget will prioritize fiscal discipline and higher-impact spending as the administration works to sustain economic growth while reducing the deficit and managing debt levels.

MAP raises tax concerns as BIR pursues reforms

Economy 0
The Management Association of the Philippines has flagged tax administration issues with the Bureau of Internal Revenue, prompting the agency to explore further reforms aimed at making compliance simpler, more predictable, and more responsive to businesses.

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