First Gen Corp. on Wednesday urged regulators to act promptly on the cost recovery mechanism of power companies using imported liquefied natural gas (LNG), saying the dilly dallying is causing financial pain and sends signals that only discourages the entry of more investors.
A recent deal that valued Globe Fintech Innovations Inc., better known as Mynt and the parent company of GCash, at USD5 billion has left PLDT and Smart chairman and CEO Manuel V. Pangilinan thinking out loud about the performance of Maya Innovations Holdings—the group’s unit directly competing with GCash.
Manila Electric Co., the listed power distributor whose service area generates half of the country's economic output, said Monday power rates in August will rise by P0.0327 per kiloWatt-hour, lifting overall rate for a typical household to P11.6339 a kWh.
Manila Electric Co. subsidiary Meralco PowerGen Corp. (MGen), initially interested, has dropped its bid to acquire the Caliraya–Botocan–Kalayaan (CBK) hydroelectric power plant complex in Laguna that the Power Sector Assets and Liabilities Management Corporation (PSALM) aims to sell through public bidding.
The Department of Agriculture will set up several livestock checkpoints across Luzon in response to the rapid spread of African Swine Fever in Batangas suspected to have been exacerbated by unscrupulous hog traders selling diseased pigs.
The urgent need to close the country’s wide risk protection gap has never been clearer—and for millions of Filipino consumers, it is not just a sector challenge, but a daily, pressing reality. Boston Consulting Group data show 64 percent of Filipinos cannot cover a ₱10,000 medical expense without going into debt or relying on an HMO, even as insurance penetration hit a record 2.03 percent in Q1 2026. This gap leaves most families dangerously exposed: a sudden illness, accident, or loss of a breadwinner instantly turns regular payments into crushing debt, forcing many to borrow from predatory lenders and trapping households in cycles of financial hardship. For consumers, this means no real safety net—one misfortune can erase progress and burden loved ones for years.
Luzon’s major dams have gained substantial amounts of water after weeks of torrential rain, giving the country a stronger buffer against the drier conditions that could accompany a potentially strong El Niño.
The Department of Agriculture’s Agricultural Marketing Assistance Service is enhancing its market early-warning system to anticipate supply disruptions, connect farmers with buyers earlier, and stop produce from spoiling or being sold at steep, below-cost prices. The initiative draws on lessons from the Middle East conflict, when the department used emergency procurement to keep agricultural goods moving despite sharp rises in logistics costs.
The Bases Conversion and Development Authority (BCDA) is moving ahead with road and utility plans for the 160-hectare Bonifacio Capital District (BCD) in Taguig, seeking a consultant to prepare detailed engineering designs for the planned infrastructure.