The average interest rates on treasury bills rose at Monday's auction, reflecting concerns over inflationary pressures following the release last week of November data, which showed a pick-up in price increases driven by supply bottlenecks caused by recent weather disturbances.
The Philippines is expected to remain resilient over the next two years, fueled by strong domestic consumption, infrastructure investment, and an expanding services sector, according to a new report from the Philippine Institute for Development Studies (PIDS).
The country's gross international reserves (GIR) dropped to USD108.5 billion as of end-November 2024, down from USD111.1 billion in October, according to the latest...
The unemployment rate eased to 3.9 percent in October 2024 from 4.2 percent in the same month last year, with the number of jobless Filipinos declining to 1.97 million from 2.09 million.
RL Commercial REIT Inc. (RCR), the publicly listed real estate investment trust backed by property giant Robinsons Land Corp. (RLC), is setting its sights on tripling its asset base over the next three years as part of an aggressive growth plan backed by its sponsor.
The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) 230-kilovolt Pinili substation project, a ₱1.63-billion infrastructure initiative aimed at strengthening the country’s transmission network and supporting renewable energy (RE) integration in the Ilocos region.
Meralco affiliate Pacific Light Power Pte. Ltd. (PLP) is on track to complete its 600-megawatt (MW) natural gas-fired power plant in Jurong Island, Singapore by January 2029, signaling a major step in the company’s regional expansion.
As the nation gears up for the 2025 midterm elections, the Manila Electric Company (Meralco) announced it is on full alert to ensure uninterrupted power supply to over 3,000 polling precincts, canvassing centers, and critical election sites across its franchise area.