Tag: ERC

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Meralco says ERC rejects NASECORE bid to stall rate reset

Energy & Mining Context.ph Context.ph -
Manila Electric Co. (Meralco) said its pending rate reset application before the Energy Regulatory Commission (ERC) will move forward after regulators denied a bid by consumer advocacy group National Association of Electricity Consumers for Reforms Inc. (NASECORE) to stall the proceedings.

 Meralco lowers May power rates slightly

Energy & Mining Context.ph Context.ph -
The Manila Electric Co. (Meralco) announced a modest decrease of P0.0151 per kWh in electricity rates for May, bringing the typical household rate to P14.3345 per kWh, down from P14.3496 in April.

Maharlika consortium rolls out P2.1B microgrids nationwide 

Trade & Investments Context.ph Context.ph -
A private consortium is ramping up rural electrification with a P2.1-billion investment to deploy one of the Philippines’ largest portfolios of off-grid microgrids, targeting underserved island communities.

ERC expands lifeline discounts for low-income power users

Energy & Mining Context.ph Context.ph -
Low-income electricity consumers are set to get bigger relief on their power bills after regulators approved a new, uniform national lifeline subsidy.

ERC OKs Alternergy’s 500kV integration plan

Energy & Mining Context.ph Context.ph -
Alternergy Holdings Corp. said the Energy Regulatory Commission (ERC) has approved the application of Alternergy Tanay Wind Corp. (ATWC) to integrate its 128-megaWatt Tanay...
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Slower bank lending, softer liquidity point to cautious economy 

Economy 0
The engine powering the nation's money supply in June slowed its pace as both corporate and individual borrowers took a step back. Growth in loans from universal and commercial banks eased to 9.8 percent year-on-year, down from a faster 12.1 percent sprint in May.

HashMicro rolls out AI OS for Philippine enterprises 

Communications & Technology 0
Enterprise software provider HashMicro has launched an artificial intelligence (AI) operating system in the Philippines, betting that businesses are ready to move beyond experimenting with AI and begin embedding it into core operations.

Ronald McDonald House opens 57th preschool center

Education, Health & Science 0
Ronald McDonald House Charities (RMHC) Philippines has expanded its early childhood education program with the opening of its 57th Ronald McDonald Bahay Bulilit Learning Center in Marikina City, reinforcing efforts to improve preschool access for children in underserved communities.

Ayala boosts Ayala Land stake with P2.38B buyback

Corporate 0
Ayala Corp. has accelerated its accumulation of Ayala Land Inc. (ALI) shares, spending about P2.38 billion to acquire 141.55 million common shares through market purchases disclosed between July 16 and July 31, reinforcing its confidence in the property giant's long-term prospects while taking advantage of what it believes is an undervalued share price.

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