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 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.
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.
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.
The Philippines is intensifying efforts to ratify the High Seas Treaty, officially known as the Agreement on the Conservation and Sustainable Use of Marine Biological Diversity of Areas Beyond National Jurisdiction (BBNJ), with the Department of Agriculture backing the Department of Foreign Affairs' campaign for Senate concurrence.
In celebration of the 68th birthday of President Ferdinand Marcos Jr. today, the government is rolling out a special, one-day offering of P20 per kilo rice through his flagship food security initiative, “Benteng Bigas, Meron Na!” (BBM Na!), potentially benefitting more than 350,00 Filipinos.
Manila Water Infratech Solutions (MWIS), a non-East Zone unit of Manila Water, has successfully deployed its iTECH Packaged Sewage Treatment Plant (STP) in two major sectors: quick-service restaurants (QSRs) and aviation.