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Senator urges improved toll road services before approving rate hikes

Last week, the TRB approved the collection of the second tranche of toll increase for the North Luzon Expressway (NLEX). The collection of the new toll rates will start on June 4. .....»»

Category: newsSource:  philstarRelated NewsJun 2nd, 2024

Residential electricity rates up by P0.86/kWh for May-June billing

Residential customers of Visayan Electric will experience an increase of P0.86/kWh in their May-June electricity billing. The increase is attributed to high generation rates due to price hikes in the Wholesale Electricity Spot Market (WESM) in April brought about by power supply concerns in the Visayas Grid. As a result, the overall residential electricity rate.....»»

Category: newsSource:  inquirerRelated NewsMay 14th, 2024

ERC urged to defer power rate hikes

It would be best for the Energy Regulatory Commission to withhold the requests of power distributors and generating firms to collect higher electricity bills while the industry is on yellow alert due to high power demand this summer, a member of the House of Representatives said......»»

Category: newsSource:  philstarRelated NewsMay 9th, 2024

MPTC prefers term extension over toll hike

To recover investments on toll road improvements, Metro Pacific Tollways Corp. is leaning toward getting its concession agreements expanded instead of burdening motorists with rate hikes......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

Meralco cuts power rates in April

The Manila Electric Company will slash power rates in April, ending three consecutive months of rate hikes since the first quarter of 2024. .....»»

Category: newsSource:  bulatlatRelated NewsApr 8th, 2024

Nearly 50,000 UK businesses on verge of collapse - report

Construction and real estate are among the hardest hit sectors, researchers say The number of UK businesses on the brink of bankruptcy skyrocketed by more than a quarter at the end of last year amid a "debt storm" triggered by a series of interest rate hikes, a report from a group of insolvency specialists re.....»»

Category: newsSource:  philippinetimesRelated NewsJan 25th, 2024

BSP Governor Eyes Potential Rate Cut as Inflation Eases

In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»

Category: newsSource:  metrocebuRelated NewsJan 30th, 2024

Destruction of Gaza in numbers: ‘Unlike anything we have studied’

As well as killing more than 34,000 people and causing catastrophic levels of hunger and injury, the seven-month war between Israel and Hamas has also caused massive material destruction in Gaza. “The rate of damage being registered is unlike anything we have studied before. It is much faster and more extensive than anything we have.....»»

Category: newsSource:  inquirerRelated NewsMay 8th, 2024

Inflation up slightly, but still within target

The rate of increase in the average prices of consumer goods and services typically purchased by Filipinos rose slightly to 3.8 percent in April from 3.7 percent in March, driven by faster increases in food and transport costs, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2024

Factory gate prices ease in February

Producer prices declined at a slightly faster rate in February as electronic and food products posted slower upticks, according to the Philippine Statistics Authorit......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

Q3 GDP growth revised upward to 6 percent

The Philippine economy posted a slightly faster growth rate in the third quarter of 2023 than initially reported, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2024

Economy likely grew by 6.2 percent in Q4

The Philippine economy likely posted a faster growth rate in the fourth quarter of 2023 than in the third quarter, supported by gains in the labor market, according to an economist......»»

Category: newsSource:  philstarRelated NewsJan 14th, 2024

Mission impossible: Embracing the nuclear ‘explosion’

A nuclear “explosion” of sorts could be on the horizon for the Philippines – one which could ensure a sustainable, sufficient and clean source of electricity for future generations, or one which could put the country in a deep hole......»»

Category: financeSource:  philstarRelated NewsMar 24th, 2024

Charter change could worsen destructive mining impact

By DOMINIC GUTOMAN AND ZYSA MEI ELLORAN Bulatlat.com MANILA – For environmental defenders, the government’s push for charter change (cha-cha) could worsen the already dire impacts of destructive mining corporations on vulnerable communities. The Kalipunan ng Katutubong Mamamayan ng Pilipinas (Katribu) and Youth Advocates for Climate Action Philippines (YACAP) held a protest in front of… The post Charter change could worsen destructive mining impact appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsMar 11th, 2024

Government hikes borrowings to P2.57 trillion for this year

The Philippines raised its 2024 borrowing program by four percent to P2.57 trillion, which could make fiscal consolidation more challenging for the government......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

Singapore bank hikes Philippines inflation forecast

DBS Bank Ltd. of Singapore raised its inflation forecast for the Philippines this year to 3.7 percent from 3.3 percent previously, a development which could prompt the Bangko Sentral ng Pilipinas (BSP) to keep rates higher for longer......»»

Category: financeSource:  philstarRelated NewsApr 21st, 2024

Hot money outflow narrows in April

More short-term investments left the Philippines for the second straight month in April, albeit narrower than the outflows recorded in the same month last year, amid geopolitical tensions in the Middle East......»»

Category: financeSource:  philstarRelated NewsJun 3rd, 2024

BOP swings to deficit in April 2024

The central bank attributed the outflows to the national government’s net foreign currency withdrawals from its deposits with the BSP to “settle its foreign currency debt obligations and pay for its various expenditures.”.....»»

Category: newsSource:  philstarRelated NewsMay 21st, 2024

Philippines posts 639 mln USD deficit in April

MANILA, May 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a deficit of 639 million U.S. dollars in April, higher than the 148 million dollars BOP deficit recorded a year ago, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the BOP deficit in April reflected outflows arising mainly from the national government's net foreign currency withdrawals from th.....»»

Category: newsSource:  manilanewsRelated NewsMay 21st, 2024

Moody’s: BSP rate cut could start in August

The Bangko Sentral ng Pilipinas could cut borrowing costs by 25 basis points as early as August, and another 25 bps in the fourth quarter, if inflation and the peso stabilize in the second half of the year, Moody’s Analytics said......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024