Economic and affordable condominiums have emerged as the main drivers of housing demand in Metro Manila as developers grapple with about 80,000 unsold units and residential vacancies are poised to hit a record high this year, according to property consultancy Colliers Philippines. In its Q2 2026...
The Philippines is set to secure $1.5 billion in fresh loans from the World Bank and the Asian Development Bank (ADB) to deepen its financial markets, broaden access to capital, and mobilize more private-sector financing. The larger financing is the forthcoming $1-billion Philippines Private...
Amid the continued grid alerts in the region, consumers in Visayas may see lower power bills this month following a decline in wholesale spot market prices, according to the Independent Electricity Market Operator of the Philippines (IEMOP). In a media briefing on Thursday, Aug. 6, IEMOP vice...
BATAC CITY – The city government of Batac has declared a state of calamity following a massive fire that caused extensive damage to properties and disrupted the livelihoods of affected residents and business owners. The unnumbered resolution, unanimously approved by members of the Sangguniang...
More than 60 kilometers (km) of farm-to-market roads (FMRs) and bridges with total funding of ₱2.06 billion have received clearance from the Department of Agriculture (DA), kickstarting the development of much-needed infrastructure to boost food productivity. Agriculture Secretary Francisco Tiu...
BATAC CITY – A fire gutted this city’s public market on Sunday evening, destroying several stalls and leaving many vendors counting their losses. Authorities declared the fire out at 6 a.m. on Monday and have begun assessing the extent of the damage as investigations continue to determine the...
Retail electricity supplier Rockport Power Inc. is expanding its operations through new partnerships with major distribution utilities and electric cooperatives to help commercial and industrial consumers manage their power costs. In a statement, Rockport Power said the company has secured...
BATAC CITY – The city government of Batac is reviving its "Dayo," a traditional livestock auction market where local farmers, buyers, and traders gather to trade cattle and carabaos, with the first session set for June 21 at the new Bagsakan area near the public market. In the olden times, these...
Electricity consumers are set to break away from traditional utility monopolies next week, as regulators lower the threshold for market contestability to let households and small businesses choose their own power suppliers. Starting June 26, the Energy Regulatory Commission (ERC) will reduce the...
After a slight pullback last month, customers should brace for higher electricity prices in June following an upward adjustment in generation charges, according to Manila Electric Co. (Meralco). Meralco said on Thursday, June 11, that it is increasing electricity rates by ₱0.1488 per...
Wholesale electricity spot market prices could hit new highs in the coming weeks as grid alerts in Visayas and earthquake-induced plant outages in Mindanao squeeze power supply, according to the Independent Electricity Market Operator of the Philippines Inc. (IEMOP). During a press briefing on...
The Philippines recorded the lowest demand for digital skills among six Asia-Pacific economies studied by the Manila-based Asian Development Bank (ADB), although employers’ requirements for digital competencies have been rising steadily as technology spreads across a broader range of occupations....
