Electricity rates for Manila Electric Co. customers will edge lower in August as a P9.5-billion regulatory refund offsets higher transmission, tax, and other pass-through charges.
Electricity bills are climbing again in July as higher fuel costs, tighter power supply and increased taxes combined to drive up power rates, underscoring the Philippines' continued exposure to global energy price swings and supply disruptions.
A South Cotabato regional trial court has dismissed a petition seeking to overturn the South Cotabato Electric Cooperative II (SOCOTECO II) board's rejection of Manila Electric Co.'s proposed joint venture, ruling that the dispute falls under the jurisdiction of the National Electrification Administration (NEA).
The Manila Electric Co. (Meralco), the country’s largest power distributor by sales, has emerged as the leading distribution utility in advancing consumer choice after the Energy Regulatory Commission (ERC) recognized it for having the largest number of participants in customer choice programs across Luzon.
Manila Electric Co. (Meralco) said its pending rate reset application before the Energy Regulatory Commission (ERC) will move forward after regulators denied a bid by consumer advocacy group National Association of Electricity Consumers for Reforms Inc. (NASECORE) to stall the proceedings.
Fintech lender Skyro is strengthening its credit evaluation capabilities through access to a wider pool of borrower information, as it expands beyond purchase financing into broader consumer financial services.
A single legislative district failing to meet the minimum signature requirement could invalidate the entire Dapat Isa Lang people’s initiative for an anti-political dynasty law, putting pressure on organizers to secure support across all congressional districts, not just build a large national tally.
The Philippine Exporters Confederation Inc. (PHILEXPORT) is urging the government to extend tax relief to small businesses with annual sales of up to P20 million, saying unresolved tax liabilities are tying up funds that could otherwise support production, technology upgrades and jobs across export supply chains.
Metrobank has rolled out EntrepRISE, a financial wellness seminar series helping business clients across Luzon navigate economic shifts and plan for growth. Launched this year, sessions in North Luzon, Metro Manila, and South Luzon gathered nearly 100 clients from various sectors.