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.
Philippine financial markets are heading into a pivotal week, with investors largely keeping their powder dry ahead of policy decisions from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve that could shape the direction of stocks, bonds and the peso in the weeks ahead.
The Intellectual Property Office of the Philippines (IPOPHL) is pushing for tighter enforcement, stronger inter-agency coordination, and targeted legal reforms as the country's counterfeit trade increasingly migrates from shopping centers to online marketplaces.
A call for family peace quickly gave way to fresh legal hostilities after businessman Federico “Piki" Lopez filed indirect contempt complaints against his cousins on the same day he appealed for reconciliation during First Gen Corp.’s annual stockholders’ meeting.
The Department of Energy (DOE) is moving forward with two key projects to improve the country’s power assets: the rehabilitation of the Agus-Pulangi hydroelectric complex in Mindanao and the re-privatization of the Semirara coal resource.