Tuesday, 04 November 2025, 11:36 pm

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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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    Petron net income rises 37% on stronger sales, efficiency gains

    Petron Corp., the country’s largest oil refiner and fuel retailer, reported a 37 percent increase in net income to ₱9.7 billion for the first nine months of the year, up from ₱7.1 billion in the same period last year.

    DA issues revised guidelines on bird flu vaccination

    The Department of Agriculture (DA) has released new guidelines for targeted vaccination to help control the spread of avian influenza, or bird flu.

    Globe advances online security with Next-Gen API solutions

    Globe Telecom is stepping up efforts to boost online security nationwide through its growing application programming interface (API) ecosystem. The company is moving beyond traditional one-time passwords (OTPs) toward next-generation authentication methods designed to better protect users from phishing and online fraud.

    Colliers sees mid-income buyers drive recovery

    Colliers reported sustained improvement in Metro Manila’s residential market in the third quarter, the second consecutive quarter of rising pre-selling condominium net take-up. The property consultancy firm said this uptrend indicates that demand is holding firm, supported by attractive ready-for-occupancy (RFO) promotions and discounts offered by developers.

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