Tag: mining

The Department of Energy (DOE) has estimated that at least ₱7.5 billion in investments will be required to fully eliminate non-technical systems loss across the country’s power network, even as it launched the Brigada Kontra Jumper program on Monday to curb electricity theft and related abuses through the eGovPH digital platform. Systems loss refers to the gap between energy produced and energy delivered, split into technical losses—an unavoidable physical effect of power transmission—and non-technical losses, driven primarily by illegal connections, meter tampering, and power pilferage. These losses are currently passed on to all consumers as a uniform charge collected by distributors and electric cooperatives, making the issue a direct financial concern for every household and business.

Fuel prices will go up across all categories for the second consecutive week, further raising costs for households, transport operators, and businesses nationwide, the Department of Energy (DOE) confirmed on Monday. Starting 6 a.m. on August 25, per-liter prices will increase by P1.08 for gasoline, P2.31 for diesel, and P0.95 for kerosene. Seaoil has already confirmed it will implement these adjustments, with a slight difference for kerosene at a P0.91 per liter hike instead of the projected P0.95.

Emperador Inc., the listed liquor company of tycoon Andrew Tan,  is re-entering the FTSE Global Equity Index Series as a Small Cap constituent, giving the Philippine-listed spirits company renewed exposure to global institutional investors.

The Department of Finance (DOF) has assured property owners and housing developers that the deferred rollout of the Real Property Valuation and Assessment Reform Act (RPVARA) will not automatically lead to higher property taxes, giving local governments more time to prepare for the overhaul.