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 enduring friendship and diplomatic ties between Japan and the Philippines took center stage during the 82nd commemoration of the historic Battle of Surigao Strait, jointly organized by the City of Surigao and the Province of Dinagat Islands.
Australian home and lifestyle brand Anko is growing its footprint across the Philippines, opening three new locations before the end of 2026 and expanding beyond Metro Manila for the first time since its 2024 launch.
The Marcos administration has approved 46 special economic zones since taking office, with the developments projected to draw P141.2 billion in investments and generate about 189,000 jobs, although new ecozone activity this year remains heavily concentrated in Calabarzon.
Estate Water, the non-East Zone arm of Manila Water, is stepping up its range of water solutions with a new seawater desalination plant at Ayala Land’s Lio Tourism Estate in Palawan.