The Philippines’ average power costs in June declined by 16 centavos, or 3.9 percent, to ₱3.86 per kilowatt-hour (kWh) from ₱4.02 per kWh in the previous month, as demand dropped faster than the decrease in supply. According to the Independent Electricity Market Operator of the Philippines,...
To prepare the grid for an anticipated surge in renewable energy (RE) projects, the National Grid Corporation of the Philippines (NGCP), its technical partner State Grid Corp. of China (SGCC), and the Department of Energy (DOE) have discussed key policies and strategies. Representatives from NGCP...
Officials of the Department of Foreign Affairs (DFA) and the Chinese Embassy in Manila put aside the two countries’ tensed relations due to their competing claims in South China Sea and enjoyed some friendly games during a sportsfest on Sunday, June 29. In a Facebook post on Monday, June 30,...
The Center for Community Transformation (CCT) Group of Ministries, a leading Christian development organization in the Philippines, has announced a major leadership transition with the appointment of Sandra “Sandy” E. Togonon as its new president. The move follows the Board of Trustees '...
The Senate is open to proposals seeking to enhance transparency of the budget process by opening the bicameral deliberations to the public. Senate Secretary Renato Bantug Jr. said the bicameral conference is a joint undertaking of the Senate and the House of Representatives, so both chambers have...
Ever wonder why there are so many generations in the workplace today? Decades ago, there were only three defined generations: Top Executive, Manager, and Staff. Most promotions were based on seniority. But nowadays, a staff member doesn 't have to be a junior or young employee; they can be in...
After showing signs of recovery the previous day, the Philippine peso returned to the ₱56 level as investor confidence grew over the tentative Iran-Israel ceasefire, while the United States (US) dollar slipped to test its recent lows. Data from the Bankers Association of the Philippines (BAP)...
Aboitiz-led Union Bank of the Philippines (UnionBank) has raised ₱16 billion from its upsized, dual tranche offering of peso-denominated fixed-rate bonds under its ₱100-billion PHP bond program, marking its return to the domestic capital markets since 2023. In a disclosure to the Philippine...
After hitting a nearly three-month low in the previous day, the peso rebounded against the United States (US) dollar, influenced by a tentative ceasefire between Iran and Israel, which pushed global crude oil prices to near two-week lows. Data from the Bankers Association of the Philippines (BAP)...
A magnitude 6.3 earthquake struck off the coast of Davao Oriental on Tuesday morning, June 24, according to the Philippine Institute of Volcanology and Seismology (Phivolcs). In its Earthquake Information No. 2 bulletin, font-family: Gilroy; display: inline !important;>Phivolcs reported that...
In today’s digital age, reliable internet access is as essential as electricity and clean water. From remote work and online education to digital banking and telehealth, a stable WiFi connection is no longer a convenience—it’s a lifeline. So what happens when that lifeline is cut? I’ve been...
A 28-year-old factory employee from Mandaluyong City has made history by winning a staggering P935 million through BingoPlus’ online gaming platform — the biggest jackpot ever recorded in the Philippines. In a statement, BingoPlus said the life-changing prize was won via the app’s “Lucky...
