The government fully awarded its ₱40 billion offering of Treasury bills on Monday, as investors demanded higher yields amid mounting domestic inflation concerns and weakening currency. The Bureau of the Treasury raised the entire ₱40 billion on offer at its June 1 auction, staging a full...
Malacañang believes the passage of priority bills remains possible by June, at least on the executive department 's side. Palace Press Officer and Communications Undersecretary Claire Castro said there is no issue on the Palace 's side. But it cannot speak for the Senate, which,...
Malacañang said President Marcos is prepared to work with any Senate leader as long as the chamber’s actions are in the best interest of the Filipino people. Presidential Communications Office (PCO) Undersecretary Claire Castro said this after Senator Rodante Marcoleta’s statement that Senate...
Manila Electric Co. (Meralco) expressed support for initiatives aimed at improving electricity services and reducing consumer costs after progressive groups staged a protest outside its Pasig office on Tuesday, May 19, calling for lower rates and the repeal of the Electric Power Industry Reform Act...
Domestic lenders sought higher yields due to political uncertainty, such that the government fell short of its planned up to ₱33-billion borrowing from short-dated debt paper on Monday, May 18. The Bureau of the Treasury (BTr) raised just ₱25.4 billion during its latest treasury bills...
Motorists will need to ease up on the gas pedal as gasoline and diesel prices are expected to increase this week amid renewed geopolitical tensions. The Department of Energy (DOE) reported that gasoline prices will increase by ₱1.21 per liter, while diesel will go up by ₱2.82 per liter....
Manila Electric Co. (Meralco) is slightly lowering electricity prices this month, using billions of pesos in regulatory refunds and new tax breaks to shield consumers from the typical price spikes caused by the summer heat. The country’s largest power distributor announced on Wednesday, May 12,...
Malacañang said the change in the Senate leadership should not halt the passage of 21 priority bills identified during the previous leadership. Palace Press Officer and Communications Undersecretary Claire Castro said that just because there was a reorganization in the Senate, it does not mean the...
The call to investigate the controversial pass-through charges on electricity bills in gaining traction in the House of Representatives. The latest solon to seek such congressional inquiry is Assistant Minority Leader Bagong Henerasyon (BH) Party-list Rep. Robert Nazal, who wants to find out...
The Energy Regulatory Commission (ERC) ordered a temporary suspension of the Green Energy Auction Allowance (GEA-All) collection, a move expected to lower electricity bills for consumers through June. The regulator announced on Friday, May 8, that the suspension of the ₱0.0371 per kilowatt-hour...
The Energy Regulatory Commission (ERC) has ordered a nationwide temporary suspension of power disconnections to preserve electricity access during a declared State of National Energy Emergency and shielding consumers from immediate service cuts. In a newly issued advisory, the country’s energy...
Are the charges on electricity bills still fair? This was the question left by Murang Kuryente Party-list Rep. Arthur Yap on the minds of people following his privilege speech Wednesday night, May 7 at the House of Representatives. Yap, a member of the so-called power bloc in the 300-plus strong...
