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Bank lending picks up pace in January
Despite elevated interest rates, bank lending growth climbed to an eight-month high of 7.8 percent in January, amid the continued recovery of the economy......»»
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......»»
BSP may cut rates by mid-2024
The Bangko Sentral ng Pilipinas may start cutting interest rates as early as June this year, according to economists......»»
Philippines investment board awards green lane for solar power project
MANILA, Jan. 29 (Xinhua) -- The Philippine Board of Investments has granted the green lane certificate for the floating solar power project that will soon rise in Nueva Ecija province, north of Manila, the Department of Trade and Industry (DTI) said on Monday. The Fuego Renewable Energy Corp. (FREC) will build the Pantabangan Floating Solar Power Plant, a 463.995 megawatts (MWac) floating solar photovoltaic (PV).....»»
Philippines investment board awards green lane for solar power project
MANILA, Jan. 29 (Xinhua) -- The Philippine Board of Investments has granted the green lane certificate for the floating solar power project that will soon rise in Nueva Ecija province, north of Manila, the Department of Trade and Industry (DTI) said on Monday. The Fuego Renewable Energy Corp. (FREC) will build the Pantabangan Floating Solar Power Plant, a 463.995 megawatts (MWac) floating solar photovoltaic (PV).....»»
Senator calls out loitering China vessels in Philippines Rise
Chinese vessels were caught “loitering” and doing research in Benham Rise, also called Philippine Rise, which is within the country’s exclusive economic zone, Sen. Francis Tolentino said yesterday......»»
Ilocos Norte power rates down by 90 centavos
Electricity rates in this province have decreased by 90 centavos this month, according to the Ilocos Norte Electric Cooperative......»»
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......»»
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......»»
Luzon, Visayas grids on yellow, red alerts — NGCP
In separate advisories, the NGCP said that the Luzon and Visayas grids were placed under the yellow and red alerts after some of its power plants were forced outaged while some operated on a reduced capacity......»»
Luzon, Visayas grids placed under red, yellow alert
With several power plants either offline or operating at reduced capacity, the National Grid Corp. of the Philippines yesterday placed the Luzon and Visayas grids on red and yellow alert status......»»
Luzon grid on red, yellow alert — NGCP
The NGCP made the announcement following the shutdown of 19 power plants, with three others operating at reduced capacity......»»
Residential electricity rates up by P0.19/kWh for Jan-Feb billing
Visayan Electric residential consumers will experience an increase of P0.19/kWh for their January-February billing. The hike is caused by the increase in generation rates at the Wholesale Electricity Spot Market (WESM) and the transmission charges of the National Grid Corporation of the Philippines (NGCP). The increase brings the average residential electricity rate from P11.43/kWh last.....»»
Davao electricity rates rise due to El Niño
RESIDENTIAL consumers of Davao Light and Power Co., Inc. (Davao Light) will see a slight increase of P1.6254 per kilowatt hour (kWh) in the overall power rate for the period of May 11 to June 10, 2024, bringing it to 10.7608 per kWh from last April's P9.1354 per kWh......»»
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......»»