The Aurora Pacific Economic Zone and Freeport Authority (APECO) is pitching Canadian energy companies on a role in powering a planned defense and industrial hub on Luzon’s eastern seaboard, betting that reliable electricity will be as important as land and logistics in attracting investors.
Philippine manufacturers are putting 2027 expansion plans on the shelf and using P65 to the US dollar as a working hedge against further peso weakness, as rising import, energy and logistics costs squeeze already-thin margins.
Philippine stocks could face more turbulence toward year-end as a weaker peso, surging oil prices and the prospect of further interest rate hikes raise questions about corporate earnings and investment spending in 2027.
The Philippine Competition Commission (PCC) has warned MERALCO PowerGen Corp. (MGen) and Pilipinas Enterprise Management Holdings Inc. (PEMHI) that paying a P5.8-million penalty does not close the book on their merger compliance, with repeat violations potentially drawing heavier fines or even nullification of their conditional clearance.