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BSP holds key rates steady amid inflation outlook and global uncertainty

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The Bangko Sentral ng Pilipinas (BSP) held steady its target reverse repurchase, or borrowing, rate at 5.75 percent at the monetary policy meeting Thursday and kept the interest rates on the overnight deposit and lending facilities unchanged at 5.25 percent and 6.25 percent, respectively. The decision comes as the central bank monitors the risks surrounding inflation and domestic growth amid heightened global policy uncertainty.

Transportation Secretary Jaime J. Bautista resigns, cites health reasons

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Transportation Secretary Jaime J. Bautista announced his resignation on Thursday, citing health concerns after more than two years of service under the Marcos administration. His resignation, effective at the end of office hours on February 21, 2025, marks the conclusion of a tenure where he described his role as both challenging and enriching.

NGCP rates push higher in January

Energy & Mining Context.ph Context.ph -
The National Grid Corporation of the Philippines (NGCP) on Wednesday announced a 2.03 percent increase in its wheeling rate for the January billing period, affecting consumers when they receive their February electricity bills.

Pork MSRP seen as early as March

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The Department of Agriculture (DA) is considering implementing a maximum suggested retail price (MSRP) for pork as early as next month to address rising pork prices in the Philippines.

Metro Manila power rates rise in February

Energy & Mining Context.ph Context.ph -
Metro Manila power rates rise in February
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GSIS, TESDA train 15 Cebu dependents in automotive skills for jobs, livelihood

Education, Health & Science 0
The Government Service Insurance System (GSIS), working with the Technical Education and Skills Development Authority (TESDA), has provided automotive servicing training to 15 dependents of GSIS members and pensioners in Cebu, opening pathways to employment, steady income, and small business ownership.

FDC net income dips 6% in first nine months even as revenues climb 10% 

Corporate 0
Filinvest Development Corp., the listed holding company of the Gotianun group, reported Thursday that its attributable net income slipped 6 percent to P10.8 billion in the first nine months of the year, from P11.48 billion recorded in the same period last year. Despite the slight decline in bottom-line earnings, total revenues and other income rose 10 percent year-on-year to reach P99 billion, up from P81.18 billion a year earlier.

First Gen nine-month recurring net income rises slightly to P12.5B amid portfolio shift

Corporate 0
First Gen Corp. posted a attributable recurring net income of P12.5 billion for the first nine months of 2026, edging higher from the P12.1 billion recorded in the same period a year earlier, the company announced Thursday.

Citicore Renewable net income more than doubles to P2.15B in 9 months

Energy & Mining 0
Citicore Renewable Energy Corp. (CREC) posted a 122-percent jump in consolidated net income to P2.15 billion for the first nine months of the year, rising from P966 million recorded in the same period last year, the company announced Thursday.

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