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

Energy & Mining Context.ph Context.ph -
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

Corporate Context.ph Context.ph -
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

Corporate Context.ph Context.ph -
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

Markets Context.ph Context.ph -
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

Banking & Insurance Context.ph Context.ph -
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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SEC approves San Miguel’s P30 billion preferred share offering

Corporate 0
The Securities and Exchange Commission (SEC) has given the green light to San Miguel Corporation’s follow-on offering of preferred shares, valued at up to P30 billion.

SEC lifts ban on new online lending platforms starting August 1 

Corporate 0
The Securities and Exchange Commission (SEC) will lift the moratorium on new online lending platforms on August 1, 2026, bringing an end to the restriction first imposed on November 5, 2021, after over four years. Alongside this, the SEC is implementing strict new standards safeguarding consumers and curbing unfair lending practices. The guidelines are outlined in Memorandum Circular No. 20, Series of 2026, and apply to all existing, newly registered, and prospective financing and lending companies that use mobile apps, websites, or other digital systems to extend credit to the public.

Pag-IBIG cuts housing loan rates, raises borrowing cap 

Property 0
The government is making homeownership more affordable after the...

DBCC cuts medium-term growth goals, keeps long-term targets

Economy 0
The government has lowered its medium-term economic and fiscal targets, adopting a more cautious outlook as global uncertainty, persistent inflation, and climate risks weigh on the Philippine economy, while reaffirming its commitment to long-term growth and fiscal stability.

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