President Marcos has urged electricity distribution utilities to tap the Anti Bill Shock Lending Program of the Land Bank of the Philippines to ensure that electricity rates are affordable. Marcos made the directive to the Department of Energy (DOE) and the Energy Regulatory Commission (ERC)....
With high anticipation that electric bills will drastically spike during the summer months, the Energy Regulatory Commission (ERC) sounded off this early that it will prod the private distribution utilities (DUs) and electric cooperatives (ECs) on staggered billing on the resulting radical rate...
The Energy Regulatory Commission (ERC) has ordered suspension of the Wholesale Electricity Spot Market (WESM) - but only after two weeks from the incursion of yellow and red alerts in the Luzon and Visayas grids, hence, consumers are being warned of forthcoming bill shocks. Referencing on data...
Short-term benchmark interest rates rose at the auction on Monday due to the expected delay in rate cuts by the US Federal Reserve, given the persistent inflation. The rate for the 91-day Treasury bill (T-bills) increased to 5.888 percent from 5.870 percent during the last week’s auction....
EMBARGOED SUNDAY FOR MONDAY ISSUE Tobacco farmers are pushing for the enactment of stricter vape regulations to combat the surge in illegal and disposable products that are harming their livelihoods. Nearly a hundred thousand members of the Philippine Tobacco Growers Association (PTGA) and the...
The Commission on Human Rights (CHR) has lauded Congress for taking "proactive steps" in improving the functionality of the country's public and private higher education institutions (HEIs) through House Bill (HB) 9982. The bill defines the supervisory and regulatory role of the government,...
The Commission on Human Rights (CHR) expressed its full support to the filing of various bills in Congress to set up a National Preventive Mechanism (NPM) that would comply with the Optional Protocol to the Convention Against Torture and other Cruel, Inhuman, or Degrading Treatment or Punishment...
Investors pressed for an increase in Philippine benchmark interest rates for short-term loans following the rise in inflation rate and hawkish signals from monetary officials. At the Treasury bureau’s auction on Monday, April 8, the national government successfully raised P15 billion through the...
President Marcos will most likely sign the Negros Island Region (NIR) Act, creating a region composed of Negros Occidental, including Bacolod City, Negros Oriental, and Siquijor, to decentralize access to government services. President Ferdinand 'Bongbong' Marcos Jr. (2nd right) leads the...
ILOILO CITY – MORE Electric and Power Corp. (MORE Power), the sole power distributor here, has refunded P1.5 million in bill deposits to consumers in this city. ENERGY Secretary Raphael ‘Popo’ Lotilla meets MORE Power President and Chief Executive Officer Roel Castro after inspecting the...
Accor Vice President for Development Chris Cho, C9 Hotelworks Managing Director Bill Barnett, Tytans Properties Development Chairman Gerard Tan, Tytans Properties Development Board Member Congresswoman Daphne A. Lagon, Tytans Properties Development President Congressman Sonny Lagon, Accor Chief...
House Deputy Minority Leader and Bagong Henerasyon Rep. Bernadette Herrera on Thursday, March 28 renewed her call for the immediate approval of the “Tollway bill” aimed easing traffic congestion on tollways. House Bill No. 8161, or the proposed “Non-Payment of Toll Fees Act of...
