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ERC determines higher-than-permissible NGCP MAR over four years; likely refund looms

Energy & Mining Context.ph Context.ph -
The Energy Regulatory Commission (ERC) has determined a much lower value in the maximum allowable revenue (MAR) permitted of the National Grid Corporation of the Philippines (NGCP) for the years 2016 through 2020.

Exuberant spirits, beer sales push SMFB 9-month income 4% higher

Corporate Context.ph Context.ph -
San Miguel Food and Beverage Inc. on Wednesday reported brisk beer and spirits sales in the first nine months that boosted income by 4 percent to P27.5 billion from last year’s P26.34 billion.

Philippines farm output down 0.3% In 3Q on lower crop, fish production

Agriculture Context.ph Context.ph -
The value of farm production in the third quarter declined 0.3 percent year-on-year, hurt by lower output of crops and fish, the Philippine Statistics Authority said Wednesday.

Sharp fall in imports narrows balance of trade gap in Sept

Markets Context.ph Context.ph -
The Philippines’ balance of trade in goods showed a narrower deficit of USD3.51 billion in September, with the country importing less during the month...

T-bill rates push higher at auction

Markets Context.ph Context.ph -
Treasury bill yields continued to climb at the auction Monday despite bid rejections, with the market still adjusting to the recent central bank rate...
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Kaban Hotel and Casino Boracay opens new Boracay hub

Travel & Tourism 0
Kaban Hotel and Casino Boracay has opened at Station 0, adding a new inland tourism and entertainment destination to the island’s world-famous beach attractions.

BIR digital tracker targets faster taxpayer services nationwide

Economy 0
The Bureau of Internal Revenue (BIR) is testing a digital document tracking system designed to cut processing delays, reduce misplaced records and strengthen accountability as the tax agency pushes to make taxpayer services faster and more efficient.

CAMPI sees EVs to cop 30% of auto sales by end 2026

Mobility 0
Electrified vehicles could account for as much as 30 percent of Philippine automotive sales by yearend, underscoring the rapid shift toward alternative powertrains even as the broader vehicle market is expected to contract.

APECO targets 1-GW renewable power project Aurora

Energy & Mining 0
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is targeting up to 1 gigawatt (GW) of renewable energy capacity in Casiguran, Aurora, as it seeks to build the power infrastructure needed to attract manufacturers and accelerate industrialization in the province.

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