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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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    Lender boosts loan program with special rates, perks

    The Bank of the Philippine Islands (BPI) is reinforcing its commitment to empowering Filipinos by enhancing accessibility to its services. Through its suite of retail loan products, BPI is helping make vehicle, home, and motorcycle ownership more achievable while offering special anniversary rates, waived fees, and exclusive partner discounts.

    AllHome 1H profit plunges on weak property demand

    AllHome Corp., the retail and wholesale arm of the Villar Group, reported a steep decline in profit for the first half of the year, citing soft demand for construction and furnishing products amid a sluggish real estate market.

    Fed chair Powell hints at September rate cut 

    Federal Reserve Chair Jerome Powell signaled Friday that the U.S. central bank may cut interest rates at its next policy meeting in September, citing growing risks to the labor market and ongoing inflation pressures.

    DA eyes quality shift as imported rice gains ground

    Agriculture Secretary Francisco P. Tiu Laurel Jr. has instructed the Rice Industry Development Office (RIDO), led by Undersecretary Christopher Morales, to closely examine the apparent shift in Filipino rice preferences, as demand for imported rice—particularly Vietnamese varieties—continues to grow.

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