Tag: oil prices

The Energy Regulatory Commission (ERC) has directed Manila Electric Company (Meralco) to return a net total of P2.64 billion to its customers, to be spread over roughly six months rather than the full year the company originally proposed, with the rebate likely showing up at the next billing cycle.

Rising electricity demand is placing growing strain on the Philippines’ power system, prompting President Ferdinand Marcos Jr. to recently call for a fresh look at nuclear energy as part of the country’s national energy grid during his State of the Nation Address. But one lawmaker says revisiting the issue is not enough—the government must move quickly from discussion to action.

The Philippine Health Insurance Corporation (PhilHealth) and Maxicare Group have partnered to expand access to healthcare services, improve coordination between public and private providers, and reduce out-of-pocket expenses for Filipinos.

Asia-Pacific companies are facing growing pressure to relocate supply chains as tariffs reshape global trade, while businesses worldwide are placing greater emphasis on unlocking cash tied up in operations, according to a new report by Citi Institute.