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 country’s gross international reserves increased to US$112.5 billion as of end-January 2026, based on preliminary Bangko Sentral ng Pilipinas data, providing a strong external buffer at a time when the local currency has shown some weakness against the US dollar.
A proposal to move empty containers off-dock could relieve pressure at the Manila International Container Port, with the United Port Users Confederation of the Philippines urging the Bureau of Customs to redirect haulers to private depots.
The Philippine government has signed an agreement with the United States aimed at developing the country’s critical minerals and rare earths sector, a move seen as key to transforming the Philippines into a regional minerals processing hub.
Australia and the Philippines have reinforced maritime cooperation by reaffirming the mutual recognition of seafarer certificates, a move expected to ease administrative barriers and improve shipping efficiency between the two nations, the Australian Embassy in Manila said.