Friday, 09 January 2026, 8:29 am

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    Meralco signals power rate hike in February

    Meralco customers face potentially higher electricity bills in February as the company foresees an increase in generation charges. In a statement released on Monday, Joe Zaldarriaga, Meralco vice president and head of corporate communications, said that the weak peso is largely responsible for the expected hike. The local currency's depreciated state increases the cost of Meralco's suppliers, most of which are dollar-denominated costs.

    Cost of money seen steady when MB meets on Thursday

    The monetary authorities are expected to keep the rate at which the Bangko Sentral ng Pilipinas (BSP) borrows from or lends to banks unchanged when the monetary board (MB) meets on Thursday this week to decide which way interest rates go.

    DA shifts to high-return projects with faster payback periods

    In a bid to ensure more efficient use of taxpayer money, Agriculture Secretary Francisco Tiu Laurel Jr. announced the agency's new focus on projects that offer an internal rate of return (IRR) of 12 to 14 percent per year and a payback period of no more than seven years. This approach to budgeting and operations marks a shift towards prioritizing investments that are both bankable and profitable, with non-investment-grade projects to be deprioritized, regardless of their agricultural viability.

    January GIR at US$103B; adequate buffer despite decrease

    The country’s gross international reserves (GIR), an indicator of capacity to pay foreign currency ovligations, stood at USD103.0 billion at the end of January 2025, down from USD106.3 billion at the close of 2024, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).

    Rice most expensive food item in 4Q 2024 survey

    A recent Social Weather Stations survey, conducted in partnership with the Stratbase Group, reveals that a majority of Filipinos believe rice saw the most significant price increase among food items in the past three months.

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    Jollibee doubles down on Visayas, Mindanao supply line

    Jollibee Foods Corporation (JFC) is sharpening its logistics edge in the Visayas and Mindanao with the opening of a new food commissary in Guinsay, Danao City, Cebu—an investment that underscores the company’s long-term growth strategy and confidence in regional demand.

    BIR sues Wawao Builders over ‘ghost’ Bulacan project

    The Bureau of Internal Revenue (BIR) has filed criminal complaints before the Department of Justice against a major flood-control contractor over an alleged P48.39-million tax deficiency linked to a ghost project in Malolos City, Bulacan.

    Rice prices seen stable as import controls lapse; DA rolls out farm road tracker

    The Department of Agriculture (DA) said rice prices should remain stable even after the rice import ban ended last month, citing strong local production and adequate supply.

    SEC approves LUECO direct public offering

    The Securities and Exchange Commission (SEC) has approved the direct public offering (DPO) of La Union Electric Co. Inc. (LUECO), making it the second company to register under the regulator’s streamlined rules for power generation and electricity service providers.

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