Friday, 16 May 2025, 6:54 pm

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    Higher generation charge push February power rates up; FIT-All collection resumes  

    The Manila Electric Company (Meralco) on Thursday announced an upward adjustment of P0.5738 per kWh in the February electricity rate. This brings the overall rate for a typical household to P11.9168 per kWh this month from P11.3430 per kWh in January.

    Globe changes dividend policy; may declare up to 90% of core profit

    Globe Telecom Inc. said it widened the range of prior year’s core net income that it could declare as dividend to shareholders, signaling a significant reduction in capital expenditure spending in the coming years.

    Manila Water eyes completion of testing for P8.2B Rizal project by May

    Manila Water Co. Inc. said the P8.2-billion Calawis water supply system project (WSSP) is seen rounding the testing phase by May this year.

    Industrial production gains back some of the strength lost in recent months

    Industrial production in the Philippines, which measures the performance of the various industrial units such as manufacturing, mining and others, rose 2 percent in volume terms in December. In value terms, industrial production grew 2.6 percent.

    Twice as much depositors use Maya Bank app in 2023

    Maya Bank Inc., the fintech arm of PLDT Inc., on Tuesday reported doubling its depositors to 3 million last year, its deposits totaling P25 billion or 69 percent more than previous. 

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    BI Tightens Anti-Trafficking Measures Amid Surge in Travel

    The Bureau of Immigration (BI) is intensifying the campaign against human trafficking, warning of increasingly deceptive schemes targeting outbound Filipino travelers. Commissioner Joel Anthony Viado said that 2025 will mark a year of modernization for the agency, including upgraded screening technology, streamlined processes, and strengthened legal frameworks to enhance border security and protect Filipinos.

    DOTr cancels Common Station contract over long delays

    The Department of Transportation (DOTr) has terminated its contract with the BFC-FDSC Consortium—comprising BF Corp. and Foresight Development and Surveying Co.—due to excessive delays in the construction of the Unified Grand Central Station, also known as the Common Station.

    PAL named Asia-Pacific’s most punctual airline for April 2025

    Flag carrier Philippine Airlines (PAL) had been rated the most punctual airline in Asia-Pacific for April 2025, according to London-based aviation analytics firm Cirium. The airline posted an on-time performance (OTP) of 86.07 percent, outperforming the regional average of only 81.01 percent and outpacing all North American carriers in the same period.

    Commerce, trade grind slowly at the San Juanico Strait

    Alleged continued inaction by port authorities in Eastern Visayas have sent transport and trade and commerce authorities in Region 8 looking for solutions to the chaos created by the closure of the San Juanico Bridge to vehicular traffic exceeding three tons.

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