MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, is moving JG Summit Holdings Inc. and subsidiary Universal Robina Corporation from its large cap to the small cap index. Based on the results of the MSCI’s February 2025 Index...
BACOLOD CITY – Mayor Alfredo Abelardo “Albee” Benitez here is asking the Department of Energy (DOE) for a price cap amid the increasing power rates. BENITEZ (Glazyl Masculino) "I have just asked DOE Undersecretary (Sharon) Garin if we can trigger the provision of the Energy Regulatory...
The aggrupation of generation companies (GenCos) has been batting for the scrapping of the P6.245 per kilowatt hour (kWh) secondary price cap in the Wholesale Electricity Spot Market (WESM) as this is already pinned down as disincentive to the targeted fresh capital flow in the power industry. In...
Integrated solar developer SP New Energy Corp. (SPNEC), now a member of the Meralco Group, has replaced MREIT Inc. in the exclusive and coveted MSCI Philippines Small Cap Index. Source: MSCI, First Metro Securities The addition of SPNEC and deletion of MREIT are the only changes in the closely...
The government does not see another implementation of a price ceiling on rice this year as it bids to increase the country’s farm output to tame inflation, Finance Secretary Ralph G. Recto said Wednesday. Recto, however, also acknowledged the possibility of supply disruptions due to external...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez says he won't think twice about recommending another rice price cap to President Marcos should the situation need it. “We will continue to monitor the prices of rice...
The Energy Regulatory Commission (ERC) is scheduling public consultations on the proposed regulatory review and enforcement of rules that will directly impact consumers’ pockets as well the overall business viability of the power industry. The industry regulator apprised all relevant stakeholders...
The Department of Social Welfare and Development's (DSWD) distribution of financial assistance for small rice retailers and sari-sari store owners has ended on Oct. 20. “A total of 26,266 micro-retailers and sari-sari store owners benefitted from the SLP (Sustainable Livelihood Program) receiving...
The Philippine Statistics Authority (PSA) reported that the average price of well-milled rice dropped in mid-September but still exceeded the government-mandated cap of P45. Based on PSA latest price situationer report, a kilogram of well-milled rice at the national level amounted to an average...
President Marcos claimed that the recently lifted mandatory price cap nationwide was able to stabilize rice prices, while allowing the government to make successful interventions. President Ferdinand Marcos Jr. hands over a sack of rice to one of the 1,000 beneficiaries of the Pantawid Pamilyang...
“Walang gutom (No hunger).” President Marcos made this promise to the Filipino people as he assured them of enough rice supply after he ordered the lifting of the rice price cap that was supposed to temper the ballooning prices of the staple grain in the market. President Ferdinand Marcos Jr....
A rice vendor at Paco Market in Manila (Photo by Arnold Quizol/Manila Bulletin) The Department of Social Welfare and Development (DSWD) has so far provided cash assistance to at least 19,000 sari-sari store owners and micro rice retailers nationwide. As of Oct. 2, the DSWD distributed P286.26...
