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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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DHL eyes Clark growth as Luzon Corridor gains

DHL Group is keeping a close watch on Clark's emergence as a logistics and investment hub, signaling interest in future expansion opportunities while stopping short of committing to a new gateway facility as the government's Luzon Economic Corridor strategy gathers momentum.

Liquid Gold: Three Straight Crowns, One Dynasty

In a country where Mobile Legends titles are won through bruising battles and dynasties often crumble before they can be completed, Team Liquid Philippines accomplished something no other powerhouse in the Mobile Legends Professional League Philippines (MPL PH) had managed before.

P15.66-billion solar project in Surigao del Sur set for public consult

A proposed P15.66 billion solar power facility in Barobo, Surigao del Sur will undergo public scoping on June 9, 2026, as announced by the Department of Environment and Natural Resources–Environmental Management Bureau (DENR-EMB). Developer Apolaki Four Inc. will present project details to the community and stakeholders during the consultation.

Exports extend winning run as DTI ramps up support

The Philippines' export sector is proving surprisingly resilient in an increasingly uncertain global economy, posting its 16th straight month of growth and giving trade officials fresh reason to double down on programs aimed at helping local exporters compete abroad.

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