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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 […].....»»
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.....»»
NAPOCOR seeks approval of higher subsidized rates
The National Power Corp. is seeking the approval of the Energy Regulatory Commission for an increase in the rates to be paid by consumers in off-grid areas in the country......»»
BSP keeps rates unchanged; inflation still global problem
The Bangko Sentral ng Pilipinas elected to keep interest rates steady after the PSA inflation data for March showed that inflation quickened here to 3.7% (increased for the third straight month)......»»
PAGCOR cuts e-game rates to encourage more investments
State-run Philippine Amusement and Gaming Corp. will reduce remittance rates for online and on-site betting platforms by next month in a bid to encourage more investments in the gambling sector......»»
BSP may cut big banks’ RRR to 5 percent
The Bangko Sentral ng Pilipinas (BSP) is looking at a significant reduction in the level of deposits banks are required to keep with the central bank after it starts cutting interest rates this year, its top official said......»»
May, not March
Last Wednesday, equities dropped as Federal Reserve (Fed) Chair Jerome Powell dashed investor hopes for a March rate cut. Last Friday, despite better-than-expected US nonfarm payrolls and robust wage growth which typically usher in higher interest rates, the Dow and the S&P 500 were not deterred from hitting new all-time highs......»»
Unlikely heroes take charge as Ginebra, NorthPort down Phoenix, Meralco
Birthday boy Ralph Cu waxes hot from beyond the arc to lift Barangay Ginebra past Phoenix, while JM Calma delivers the goods for NorthPort against Meralco.....»»
Herndon, Dom Fajardo also lauded in NLEX squeaker vs Meralco
NLEX star Robert Bolick tipped his hat to role players Robbie Herndon and Dom Fajardo for providing the spark in the Road Warriors’ 99-96 escape act against the Meralco Bolts in their PBA Philippine Cup clash Wednesday night......»»
‘Unselfish’ Meralco nails maiden win in Philippine Cup
Meralco banks on a balanced attack of six players scoring in double figures as it overcomes Rain or Shine in overtime.....»»
Sedurifa leads Meralco to PBA 3x3 Season 3 title
Sedurifa leads Meralco to PBA 3x3 Season 3 title.....»»
Meralco taps fresh import
Only one game is left in Meralco’s schedule before ending its EASL season against the Seoul SK Knights at the Jamsil Students Gymnasium tomorrow night and even as the Bolts are out of contention for a Final Four slot, coach Luigi Trillo brought in a new import 6-9 Alioune Tew to team with 6-7 Shonn Miller for the last stand......»»
MVP Group dominates 20th Philippine Quill Awards
It was a triumphant night for the MVP Group of Companies, encompassing leading entities such as Light Rail Manila Corp., Manila Electric Co., Maynilad Water Services Inc., PLDT, Smart Communications Inc., Makati Medical Center, Maya, Metro Pacific Dumaguete Water Services Inc., Metro Pacific Tollways South Management Corp., Metro Pacific Investments Corp., Meralco – One Meralco Foundation and Metro Pacific Investments Foundation, as its member companies secured a staggering total of 87 awards at the 20th Philippine Quill Awards, organized by the International Association of Business Communicators......»»
Meralco nails 2nd straight 3x3 crown
Meralco rained seven two-balls on TNT to run away with the Leg 4 crown in the PBA 3x3 Season 3 Third Conference via a 21-13 clincher yesterday at Ayala Malls Circuit......»»
Select McDonald’s branches are getting greener with Meralco
Meralco equipped select McDonald's branches with solar rooftop panels, solar lamp posts, and electric vehicle (EV) charging stations among others.....»»
Meralco units join forces for sustainability initiatives
Manila Electric Co. local retail electricity supplier MPower and social development arm One Meralco Foundation have joined forces for programs that seek to build a sustainable future for the country......»»
DCWD to implement 20% rate increase starting February
DAVAO CITY (MindaNews / 12 February)—The Davao City Water District (DCWD) has implemented a 20-percent increase in its rates effective this month, an official announced on Monday. Speaking during Kapehan sa Dabaw, DCWD spokesperson JC Duhaylungsod said that the water rate adjustment would be reflected in the bills of the consumers next month. She said […].....»»
Strong El Niño to end this month – Pagasa
The strong El Niño is seen to end this month, but state meteorologists warned the public that its adverse effects may continue to be felt until May......»»
Meralco to bid out another 260-MW supply requirement
Power utlity Manila Electric Co. will open another round of bidding for a 260-megawatt interim power supply agreement......»»
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......»»