Tag: ERC

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Dupinga Hydro Plant cleared for commercial operations

Energy & Mining Context.ph Context.ph -
Dupinga Mini Hydro Corp. (DMHC) has secured a Certificate of Compliance (COC) from the Energy Regulatory Commission for its 5-megawatt Dupinga Run-of-River (ROR) Power Plant, paving the way for the facility’s commercial operations.

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.
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Monsoon rains dampen 7-Eleven sales; company eyes long-term growth amid challenges 

Corporate 0
Philippine Seven Corp. (PSC), the operator of 7-Eleven convenience stores in the country, has reported a significant dip in sales, by as much as 20 percent, attributed to the incessant monsoon rains experienced over the past two weeks. Despite a strong performance up until July, bolstered by its annual "7-11 day" promotion, the company acknowledges the sensitivity of its sales to adverse weather conditions.

Habagat, TCs Luis & Maymay damage to agriculture sector reaches P1.42B

Agriculture 0
The Department of Agriculture (DA) reported a P1.42 billion damage to the agriculture sector due to the enhanced southwest monsoon (Habagat) and Tropical Cyclones Luis and Maymay, as of August 17. This figure rose from P1.03 billion earlier that day.

BPI eliminates corporate PESONet fees via BizLink to drive business efficiency

Banking & Insurance 0
To boost business operations and lower digital transaction hurdles across the country, the Bank of the Philippine Islands (BPI) has waived all PESONet transfer fees for payments processed through the Pay Non-BPI disbursement feature on its corporate platform, BPI BizLink.

TD SYNNEX expands IBM distribution footprint across Asia Pacific, Europe and Latin America

Communications & Technology 0
Tech Data, a TD SYNNEX company and leading global IT solutions distributor, has announced the expansion of its IBM distribution network. The initiative covers 20 new markets across Asia Pacific, Europe, and Latin America. In the Asia Pacific region, the expansion adds six new markets – Hong Kong, Macau, Malaysia (operating under the Tech Data brand there), Indonesia, Cambodia, and the Philippines. This builds on the company’s existing IBM operations in Australia, India, Singapore, and Vietnam, bringing the total number of APJ markets supported to ten.

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