Wednesday, 09 July 2025, 5:53 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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    APECO launches EU investment drive ahead of PH-EU FTA

    The Aurora Pacific Economic Zone and Freeport Authority (APECO) will launch an investment mission to Spain and Portugal this November, aiming to attract European investors for key infrastructure projects ahead of the anticipated Philippine-European Union Free Trade Agreement (PH-EU FTA).

    MGen unveils PH’s largest solar plant in Nueva Ecija

    Meralco PowerGen Corp. (MGen) renewable energy unit MGreen and affiliate Terra Solar Philippines Inc., have rated the Nueva Ecija-Bulacan solar project as the largest operational solar facility in the Philippines.

    DENR urged to take strategic lead in West Philippine Sea defense

    Environment Secretary Raphael Lotilla has called on the Department of Environment and Natural Resources (DENR) to play a more assertive role in upholding the country's maritime rights in the West Philippine Sea (WPS), emphasizing its key position in supporting national sovereignty.

    Smart, PLDT back government’s Bayanihan SIM program

    Smart Communications Inc., in partnership with parent firm PLDT Inc., is reinforcing its cooperation with the government by actively supporting the Bayanihan SIM initiative—a program led by the Department of Information and Communications Technology (DICT) extending mobile connectivity to geographically isolated and disadvantaged areas (GIDAs).

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