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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.
