BSP: Consumers may shoulder P15.7 billion power generation cost
The Bangko Sentral ng Pilipinas expects electricity rates to increase further as around P15.77 billion worth of power generation cost may be passed on to consumers over the next three years......»»
USD3.32-B Loan Approved by BSP
On Monday, the Bangko Sentral ng Pilipinas (BSP) announced that the Monetary Board approved USD 3.32 billion in medium-to-long-term (MLT) foreign borrowings for Q4 2023. From October to December 2023, the public sector’s foreign borrowings rose by 65.8%, reaching USD3.32 billion, up from USD2 billion in the same period in 2022. This brought the total […].....»»
Use of WTE for power generation faces opposition
International groups have warned against the use of waste-to-energy for power generation, claiming that the technology is more expensive and likely to produce pollutants that are more toxic......»»
‘Philippines needs more distributed, adaptable power generation’
Manila-based climate and energy policy group Institute for Climate and Sustainable Cities has underscored the immediate need for increased distribution and adaptable power generation in the country in light of the recent blackouts in Panay.....»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
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 […].....»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
Meralco expects higher generation charge this month
Energy utility provider Manila Electric Co. said indications point to a higher generation charge this month as the Luzon grid was placed under red and yellow alerts with several power plants are either offline or running at a reduced capacity......»»
SEC streamlines capital raising for power firms
he Securities and Exchange Commission has streamlined the registration process for capital raising of power generation companies and distribution utilities, in support of the public offering mandate stipulated in the Electric Power Industry Reform Act of 2001......»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
Meralco powers up profit by 37 percent in 2023
Manila Electric Co., the country’s biggest power utility, said its core earnings went up by 37 percent to P37.1 billion last year, powered by contributions from its power generation and retail electricity businesses, as well as the continued increase in energy sold by its distribution utility business......»»
BSP steps up consumer protection program
The Bangko Sentral ng Pilipinas is adopting a framework which will assess any business conduct or practices that may cause harm to financial consumers......»»
Nestlé may hike coffee prices amid rising cost
Increasing the prices of its coffee products remains on the table for Nestlé Philippines amid rising cost of raw materials coupled by a weaker currency......»»
Meralco power rates expected to go down this month
Lower power rates may be expected this month due to lower generation and transmission charges, according to energy utility provider Manila Electric Co......»»
Filinvest holding firm allots up to P25 billion for 2024 capex
Filinvest Development Corp., the investment holding company of the Gotianun family, plans to invest as much as P25 billion this year to expand its presence in real estate and power generation, as well as support its ongoing digitalization efforts......»»
Stronger vape regulation sought to protect consumers, boost revenues
Amid the rampant smuggling and illicit trade of e-cigarettes, a consumer group is pushing for stronger regulation of the vape industry to safeguard consumers from potential harm and maximize government revenue from legal sales......»»
PSA urges Negrense consumers to prioritize basic household needs
PSA urges Negrense consumers to prioritize basic household needs.....»»
New NGCP grid brings relief to Panay, Negros Island consumers
New NGCP grid brings relief to Panay, Negros Island consumers.....»»
Pinoys still top consumers of online video content
Internet users in the Philippines are among the top consumers of various forms of online video content, including music videos and vlogs, according to a new report......»»
Puregold helps Filipino consumers amidst inflation
Puregold helps Filipino consumers amidst inflation.....»»