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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.

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Business groups demand tougher anti-graft safeguards

A coalition of business and governance organizations is pressing the government to implement sweeping procurement and infrastructure reforms, arguing that recurring corruption scandals highlight deep structural weaknesses in public accountability systems.

Healthcare distributors get financing from Security Bank, AC Health units

Security Bank has partnered with AC Health subsidiaries I.E. Medica and MedEthix to offer financing support to their nationwide dealer and distributor network via the bank’s dealer financing program. Accredited partners gain access to short-term credit lines and inventory financing, helping them manage working capital, raise purchasing power, and improve cash flow. This support is designed to strengthen the country’s healthcare supply chain by enabling better inventory management and faster response to demand.

Final system integration set for BPI-Robinsons Bank merger, services temporarily unavailable 6 June

The Bank of the Philippine Islands (BPI) is moving into the last phase of its merger with Robinsons Bank, with a final system update scheduled to unify operations and deliver a more streamlined banking experience for all customers.

Japan Navy ship makes goodwill visit to Davao

The Japan Maritime Self-Defense Force vessel JS IKAZUCHI docked at the Port of Davao to reinforce longstanding friendship and growing cooperation between Japan and the Philippines. Its crew held meetings with Philippine Navy officials, including Naval Force Eastern Mindanao chief Commodore Ireneo D. Battung, to highlight joint efforts for regional stability and maritime security.

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