Tag: Wholesale Electricity Spot Market

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WESM rates up in February

Energy & Mining Context.ph Context.ph -
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

Energy & Mining Context.ph Context.ph -
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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AI companies’ borrowing lifts bond yields, Remolona says

Banking & Insurance 0
Heavy borrowing by global artificial intelligence companies is pushing up Philippine bond yields and making it more expensive for local businesses to raise funds, potentially squeezing investment in the country, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. warned.

DOE identifies 9 bidders offering 428 MW for first waste-to-energy auction 

Energy & Mining 0
The Department of Energy (DOE) has qualified nine potential bidders covering 12 projects under the country’s first Special Green Energy Auction for Waste-to-Energy (Special GEA-WTE), marking a high-turnout milestone that promises to bolster power supply while addressing local garbage management and flood control challenges.

Scoop Wholefoods brings refill revolution to Manila’s shopping aisles

Markets 0
Australian retailer Scoop Wholefoods has entered the Philippine market with a retail concept that turns bulk buying into a modern shopping experience, letting consumers purchase groceries and personal care products by weight while cutting packaging waste and avoiding the cost of buying more than they need.

EastWest named PH’s best digital banking initiatice Digital Banking Initiative in Global Awards

Corporate Bulletins 0
EastWest has won Best Digital Banking Initiative – Philippines at the Global Retail Banking Innovation Awards, recognized for building a connected digital ecosystem that makes banking simpler and accessible for all. Chief Technology Officer Barani Sundaram received the award on the bank’s behalf.

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