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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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Uniqlo weaves Filipino heritage into anniversary celebration 

A cup of ube, a patch stitched from fabric scraps and a display inspired by the Banaue Rice Terraces may not sound like the usual retail strategy. 

Filipino stories find global voice without losing soul

A book launch usually ends with signed copies, photo opportunities and polite applause. This one did something more valuable. It turned into a brainstorming session on one of the Philippines' biggest creative exports, stories that can cross borders without leaving their Filipino identity behind.

Eala stuns Osaka in Mubadala DC Open, reaches historic WTA final

Alex Eala booked the biggest final of her young career in emphatic fashion, sweeping four-time Grand Slam champion Naomi Osaka, 6-4, 6-2, on Sunday to reach her first-ever WTA 500 championship match at the Mubadala DC Open.

Team Spirit ends Southeast Asia’s Mobile Legends reign

For the first time in years, the Mid Season Cup packed its bags and left Southeast Asia.

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