Tag: Wholesale Electricity Spot Market

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WESM rates up in February

The cost of power obtained from the Wholesale Electricity Spot Market (WESM) in Luzon and the Visayas thus far this month trended up, according to the independent electricity market operator of the Philippines (IEMOP).

Meralco power rates lower in Feb

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. 

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Japanese diplomat reaffirms bilateral ties at 82nd Leyte Gulf landings commemoration

Japanese Embassy Deputy Chief of Mission Ono Sho attended the 82nd Anniversary of the Leyte Gulf Landings recently at the MacArthur Landing Memorial National Park, framing his presence as a gesture of friendship spanning the political, defense, economic, and diplomatic spheres.

San Miguel earns USDA recognition for $370 million in imports

San Miguel Corp. (SMC) has received recognition from the US Department of Agriculture (USDA) for importing nearly USD370 million worth of American agricultural products in 2026, highlighting the Philippines’ importance as a market for US farm exports.

Pag-IBIG socialized housing loans triple as lower rates boost homeownership

Pag-IBIG Fund nearly tripled its financing for socialized housing in the first nine months of 2026, as subsidized interest rates under the government’s Expanded 4PH Program helped expand access to homeownership for low-income Filipino families.

DENR, Czech Institutions, and PEF partner for endemic wildlife protection 

The Department of Environment and Natural Resources has joined forces with the Philippine Eagle Foundation and several Czech institutions to expand bilateral cooperation on biodiversity conservation.

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