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Meralco commits to power the P488-billion Metro Manila Subway

Transport & Logistics Context.ph Context.ph -
The Department of Transportation (DOTr) and power distributor Manila Electric Co. (Meralco) on Thursday signed an agreement ensuring uninterrupted power and reliable service for the country's first underground railway, the Metro Manila Subway.

BSP confirms forecast and maintains policy settings

Banking & Insurance Context.ph Context.ph -
The policy-making monetary board of the Bangko Sentral ng Pilipinas (BSP) on Thursday decided to keep its borrowing rate unchanged at 6.50 percent, confirming market forecasts. As at result, the interest rates on overnight deposits and lending facilities were kept at 6 percent and 7 percent, respectively.

SPNEC makes it to the MSCI Small Cap Index

Energy & Mining Context.ph Context.ph -
SP New Energy Corp. has made it to the exclusive MSCI Philippines Small Cap Index, the only addition to the closely watched stock market gauge.

Arthur Tan to step down as IMI chief executive

Corporate Context.ph Context.ph -
Ayala-led Integrated Micro-electronics Inc. is not renewing Arthur R. Tan as chief executive officer when his term expires on 25 April this year.

BTr sets coupon on new 5Y, retail bonds at 6.25%; public offer ends Feb. 23

Banking & Insurance Context.ph Context.ph -
The Bureau of the Treasury (BTr) on Tuesday set at 6.25 percent the coupon rate on the new five-year, peso-denominated, fixed-rate retail treasury bond that it will offer to the public until 23 February.
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Nine power gencos vie to supply Meralco 600 MW

Energy & Mining 0
At least nine power generation firms have signalled their interest in joining the competitive selection process to supply 600 megawatts of baseload power to the Manila Electric Company.

DOE sets December date for offshore wind auction; fuel supply levels updated

Energy & Mining 0
The Department of Energy announced Tuesday that the suspension of the fifth Green Energy Auction Program will end in September, with the actual bidding for up to 3,300 megawatts of offshore wind capacity targeted for December 1, 2026.

DOE: Inter-agency talks key to system loss charge removal 

Energy & Mining 0
The Department of Energy (DOE) says it will hold a series of meetings with other government bodies to carry out President Marcos’ order to scrap systems loss charges and their corresponding value added tax, a move meant to bring down electricity costs for all consumers.

GSIS eyes zero-interest HMO financing for gov’t workers, launches G-HEALTH program 

Banking & Insurance 0
The Government Service Insurance System (GSIS) has formally launched its G-HEALTH initiative, signing its first agreement with Maxicare Healthcare Corporation to support President Ferdinand R. Marcos Jr.’s goal of improving healthcare benefits for state employees.

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