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.
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.
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.
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).
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.
Bloomberry Resorts Corp. is stepping up its push into the Philippines’ expanding digital gaming market, rolling out a P30-million year-end promotional campaign for its online gaming platform, FUNaloMAX, as operators compete to attract and retain players.
Around 100 local and international companies have expressed strong interest in taking part in the proposed P103.6-billion concession for the Metro Rail Transit Line 3 (MRT-3), highlighting growing confidence from both foreign and domestic investors in upgrading the country’s main urban railway network.
Globe Telecom Inc. announced Friday that more than 1,000 of its cell sites are now running on renewable energy as of August 2026, marking a key step in the company’s push toward cleaner and more reliable operations. The shift was made possible through the government’s Retail Aggregation Program, making Globe the first telecommunications provider in the country to reach this milestone.
A better cup of coffee begins long before the beans reach the roaster. In Northern Mindanao, it starts with better planting materials, improved farming practices, and a partnership aimed at turning higher yields into better livelihoods for coffee farmers.