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Quarter-million Meralco customers hit by brownout as Luzon grid starves from electricity
NGCP sends the grid under red alert when the power supply cannot meet consumer demand in the transmission grid's regulating requirement. The power transmission company also placed the Visayas grid under red alert.
Toll road operators helping blunt food price inflation with rate rebate program
The government, in consultation with tollway operators, is rolling out a toll rebate program beginning in June this year to help shield agricultural products from the brunt of rising inflation.
Higher buying price allows exponential NFA palay inventory boost
The decision of the National Food Authority (NFA) Council to raise the palay buying price has allowed the agency to exponentially increase its palay inventory in only a month.
Philippines 1Q agricultural exports rise 11% to USD1.72 billion
Philippine export of agricultural products in the first quarter rose 11 percent year-on-year to USD1.72 billion, helping narrow the country’s deficit in the trade of farm and fishery products during the January-March period.
BSP held key interest rates steady, says cut may happen as early as August
The Bangko Sentral ng Pilipinas kept key interest rates unchanged at its policy meeting on Thursday, noting inflation risks remain tilted toward the upside. Even so, the central bank dangled the possibility of policy easing as early as August this year.
