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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.....»»
The Daily Guardian: The Companies Expected to Power the AI Boom
Investors are shifting their focus towards the artificial intelligence market, with a particular interest in the typically overlooked utilities sector. This unconventional approach is surprising.....»»
DOE to NGCP, DUs: Be ready for ILP
The Department of Energ has directed the National Grid Corp. of the Philippines and all distribution utilities to be “fully ready” to implement the Interruptible Load Program amid the dry season......»»
[Vantage Point] POGOs, the quintessential milking cow
The rapid expansion of POGOs in the country comes at a price. It has put a strain on local infrastructure, including transportation, utilities, and housing......»»
LWUA firm on intervention as MCWD water leakage increases
CEBU CITY, Philippines –The battle over authority continues in the Metropolitan Cebu Water District (MCWD) as the Local Water Utilities Administration (LWUA) stands firm in its decision on the six-month intervention, despite the status quo stance. The LWUA expressed confusion as to why the incumbent MCWD board would not honor the partial intervention, clarifying that.....»»
LWUA takes over MCWD’s policy-making functions for six months
CEBU CITY, Philippines – The Local Water Utilities Administration (LWUA) has assumed control over the Metropolitan Cebu Water District (MCWD), a significant step to resolve the long-standing issue as to who will manage the utility firm. LWUA earlier wrote a letter to MCWD Chairman Jose Daluz III and General Manager Edgar Danoso, informing them of.....»»
Marcos appoints lawyer as LWUA chief
President Marcos has appointed Jose Moises Salonga as the new Local Water Utilities Administration chief, Malacañang said yesterday......»»
Marcos names new LWUA head
President Ferdinand Marcos Jr. has appointed lawyer Jose Moises Salonga as the new administrator of the Local Water Utilities Administration, which oversees the development of water supply systems in areas outside Metro Manila. .....»»
SEC makes registration easier for power companies that are forced to IPO by law
The SEC issued a notice that simplifies the registration process for power generation companies and distribution utilities that are forced to IPO at least 15% of their shares under the EPIRA law......»»
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......»»
NGCP told to ‘practice discipline’ to protect consumers
Energy industry regulators are urging utilities, especially monopolies like the NGCP, to charge only reasonable expenses to consumer electric bills.....»»
Pandora’s box
For some time now, there had been talks about the need to amend certain economic provisions of the 1987 Constitution, in particular that pertaining to foreign ownership in public utilities......»»
SSS targets 20% profit hike to P100 billion
State-run pension fund Social Security System is expecting at least a 20-percent hike in its bottomline to breach the P100-billion mark this year on increased investment returns and enhanced collection efforts......»»
Negosyanteng intsik inirereklamo ng mga empleyado
Isumbong mokay DRAGON LADYni Amor Virata INIREREKLAMO ng may 11 empleyado ang JUJU Mart na matatagpuan sa Chino Roces Ave., Makati City dahil sa kawalan ng benepisyo gaya ng Social Security System (SSS) na dapat ay ipinagkakaloob sa kanila. Pag-aari umano ito ng isang Intsik. Ilan sa empleyado ay matagal nang nagtatrabaho sa Juju Mart ….....»»
SSS releases P257 billion in benefit payments
State-run pension fund Social Security System released P257.4 billion in benefit payments to 4.7 million members last year......»»
SSS offers loan condonation program
State-run pension fund Social Security System has called on its members with unsettled loans to avail themselves of the agency’s condonation program and clear out their obligations......»»
FACT CHECK: SSS has no ongoing scholarship program
The Social Security System warns the public about fake posts bearing the agency’s logo that contain suspicious links promoting an alleged scholarship program.....»»
SSS savings scheme hits P80 billion
The savings scheme of state-run pension fund Social Security System has collected P80 billion from six million members who are looking for additional investment channels......»»
Luzon Economic Corridor project to draw foreign investments
President Marcos has expressed confidence that the Philippines will do better in luring investments once the Luzon Economic Corridor discussed during his recent visit to Washington is completed......»»
P1.7 trillion investments show confidence in Philippines
For some members of the House of Representatives, the P1.7 trillion in investments infused by local and foreign traders in 2023 proved business confidence in the country and in President Marcos......»»