Philippines’ stock of US dollars dropped by $630 million to $103.437 billion as of end-April compared to end-March’s $104.067 billion after the government withdrew foreign currency from the Bangko Sentral ng Pilipinas (BSP) to pay for maturing loans and to fund expenditures. Despite the...
Probabilities of rotational brownouts could wreck some parts in the Visayas, as system operator National Grid Corporation of the Philippines (NGCP) raised alarm on the critical state of overloading at the 69-kilovolt (kV) Amlan-Siaton transmission line in the grid. Prompted by that dilemma, NGCP...
The Senate is set to resume on Thursday, May 9, 2024, its hearings on the proposed amendments to the economic provisions of the 1987 Constitution. It will be the fifth hearing of the Senate subcommittee on constitutional amendments and revision of codes chaired by Senator Sonny Angara on the...
The Senate has unanimously adopted a resolution honoring former senator Rene Saguisag and expressing the upper chamber’s profound sympathy and condolences to his family. Senate Resolution No. 1009, introduced by Senate President Juan Miguel “Migz” Zubiri, Senate President Pro...
The Department of Finance (DOF) noted a slowdown in rice inflation for April, ending a streak of six months of acceleration, largely driven by the falling global price of this essential food item. Despite rice continuing to be the main contributor to headline inflation with 2.1 percentage points,...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Members of the House of Representatives hailed on Tuesday, May 7 the swift passage at the committee level of a measure that aims to amend the Rice Tariffication Law (RTL) for the purpose of...
Senator Ronald “Bato” dela Rosa, chairperson of the Senate Committee on Public Order and Dangerous Drugs (Senate PRIB) House Deputy Speaker and Quezon 2nd district Rep. David "Jay-jay" Suarez has told the Senate to shift its focus to urgent...
The country’s contact center and business process sector is expected to post an estimated record annual revenue of around $32.16 billion in 2024, the Contact Center Association of the Philippines (CCAP) said. In a statement, CCAP President Mickey Ocampo said the revenue projection is...
The government has renewed its partnership with the United Nations to steer the achievement of Sustainable Development Goals (SDG) and implement the Philippine Development Plan (PDP) 2023-2028. The National Economic and Development Authority (NEDA), together with the Department of Affairs, held a...
With the heat index continuing to rise in the Philippines, Filipinos have had no choice but to turn to electric fans and air conditioners to cool down. Beating the heat, however, comes with a heavy price. The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA)...
Consumers will still feel the deepest financial pain triggered by surging electricity rates due to simultaneous plant outages in the past two weeks, but the Department of Energy (DOE) is urging the distribution utilities (DUs) to tap palliative interest-bearing loan from the Land Bank of the...
Addressing climate change has never been more urgent than when Intergovernmental Panel on Climate Change's Sixth Assessment Report found that climate risks are emerging sooner and will worsen faster than anticipated, making adaptation more difficult with rising global temperatures. Low-income...
