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.
The government is sharpening its industrial policy for the cement sector, extending fiscal incentives to integrated cement projects while encouraging manufacturers to produce more clinker locally to reduce import dependence and strengthen the domestic supply chain.
The Philippine Economic Zone Authority (PEZA) has secured another investment for the country's expanding digital economy, signing a registration agreement with Industry Shared Services Centre Inc. for an P83-million information technology project in Davao City that is expected to generate more than 290 direct jobs.
Grab Philippines has launched a targeted support initiative to help local restaurant owners battle the crippling combination of rising utility bills and surging food costs. The assistance comes as inflation continues to squeeze the profit margins of micro, small, and medium enterprises (MSMEs) across the country.
Global cybersecurity firm Kaspersky has joined the Philippine Department of Information and Communications Technology (DICT) in urging Filipinos to be extra careful when using public Wi-Fi networks, which are often targeted by cybercriminals to steal personal information, login details, and spread harmful software.