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Power rates down by P0.37/kWh for Feb-Mar billing
High on love but low on power rates! Valentine’s Day for residential consumers of Visayan Electric is expected to be sweeter as electricity rates for the billing month of February-March will be P0.37/kWh lower compared to last month. This decrease, bringing the total rate down from last month’s P11.62/kWh to P11.25/kWh, is attributed to lower.....»»
Bolts zap Gin Kings in wire-to-wire win
The Meralco Bolts started hot and kept their pedal to the metal as they dealt the sluggish Barangay Ginebra San Miguel their first loss of the PBA Philippine Cup, 91-73, in the PBA Philippine Cup Friday at the Smart Araneta Coliseum......»»
Meralco rates up in March billing
Energy utility provider Manila Electric Co. (Meralco) has increased electricity rates this March by P0.0229 per kilowatt-hour, marking the third increase this year. .....»»
Power rates slightly inch up in January — Meralco
Meralco said that it will have a slight increase in power rates by P0.0846 per kiloWatt-hour (kWh) which brings the overall rate for a household to P11.3430 per kWh this month......»»
Meralco expects lower power rates for April
Energy utility provider Manila Electric Co. is anticipating a decrease in overall household electricity rates for April, bringing potential relief to its customers......»»
Meralco expects lower power rates for April
Energy utility provider Manila Electric Co. is anticipating a decrease in overall household electricity rates for April, bringing potential relief to its customers......»»
‘New poll machines to give speedy results, lower failure rates’
There will be faster transmission of votes and lower failure rates with the new machines and transmission service to be used in the May 2025 midterm elections, the Commission on Elections said yesterday......»»
T-bill rates ease as demand swells
Demand for the government’s short-term securities rose to its highest level in three months, with rates slightly going down even after inflation quickened anew in February......»»
One Meralco plants 125,000 mangroves on World Wetlands Day
One Meralco Foundation the social development arm of the Manila Electric Co. (Meralco), celebrates this year’s World Wetlands Day by planting and nurturing 125,000 native mangroves in Del Carmen in Siargao Islands, Surigao del Norte......»»
Meralco expects energy sales to grow this year
Despite a projected slowdown in demand from the commercial segment, the Manila Electric Co. (Meralco) still expects its energy sales to improve by 4.5 percent this year......»»
Government OKs higher 60,000 MT potato imports at lower tariff
The Philippines has allowed the entry of more imported potatoes used for making chips and french fries at a lower tariff to meet the growing demand for the raw material by local snack manufacturers......»»
BSP: Inflation likely eased further in January
Headline inflation likely slowed further for the fourth straight month in January, ranging between 2.8 and 3.6 percent, after easing to a 22-month low of 3.9 percent in December, according to the Bangko Sentral ng Pilipinas......»»
Domestic demand likely softened in 2023
The Philippines is expected to have experienced a softening in domestic demand toward the end of 2023 due to a decline in consumer confidence and savings, according to UK-based think tank Pantheon Macroeconomics......»»
Meralco power rates down this month
Energy utility provider Manila Electric Co. has estimated a lower generation charge this month......»»
Increasing demand for electric vehicles
The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»
Xinhua world economic news summary at 0830 GMT, Jan. 18
DAVOS, Switzerland -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy. Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, h.....»»
BSP seen to stand pat on policy rates anew
The Bangko Sentral ng Pilipinas is likely to keep interest rates steady today as prices may continue to remain elevated this quarter, but analysts said the central bank may have room to be less hawkish amid easing inflationary pressures......»»
Reissued T-bonds fetch higher rates
The reissuance of the government’s long-term securities fetched higher rates amid expectation of faster inflation in March that likely breached the target of the central bank......»»
‘Higher interest rates are here to stay’
The Bangko Sentral ng Pilipinas is likely to hold on to higher rates for a little longer, moving in lockstep with the US Federal Reserve and the rest of the central banks globally......»»
Think tank: No change in BSP rates
The Bangko Sentral ng Pilipinas is likely to keep key rates steady at its policy meeting on Thursday, according to UK-based think tank Pantheon Macroeconomics......»»