Manila Electric Co., the largest power distributor in the country, said Friday power rates will be lower in the February billing cycle on account of a net decline in the generation charge.
Foreign direct investments flowing into the country slowed during the first five months of 2026, marking a notable drop compared to the same period last year.
Mitsubishi Motors Philippines Corp. is preparing for a bigger Philippine footprint, betting on locally produced hybrid vehicles, higher factory output, and stronger sales as it seeks to turn the country into a more important production and export base.
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.
The Philippine Deposit Insurance Corp. is pushing sweeping legislative reforms to modernize the country’s deposit insurance system, including broader coverage, faster claims payment, and new powers to contain financial crises.