CALAPAN CITY, Oriental Mindoro – Oriental Mindoro Electric Cooperative (ORMECO), the lone electricity distributor here, announced Wednesday that it purchased a total of 43.09 million kilowatt hour (kWh) from 10 power suppliers last July. DMCI Power Corp. topped the list with 20.16 percent. Second...
DAVAO CITY – The Davao City Council urged Davao Light and Power Co. Inc. to secure additional power supply outside the volatile Wholesale Electricity Spot Market, as consumers continue to face high electricity rates despite adequate power reserves in Mindanao. The council approved resolutions...
Lending growth at the country’s big banks slowed to a four-month low in June as corporate borrowers and households took a more cautious approach, dampening overall demand for credit. Outstanding loans issued by universal and commercial banks (U/KBs) expanded 9.8 percent from a year earlier to...
The Philippines is among the economies hardest hit by the prolonged Middle East conflict, but it could emerge as a beneficiary once the Strait of Hormuz reopens and global oil shipments normalize, according to think tank Oxford Economics. In a July 22 report, Oxford Economics senior emerging market...
President Marcos has ordered the improvement of water services in order to ensure ample supply to Filipinos nationwide, Malacañang said. Improvements were being undertaken upon the orders of the President, particularly in addressing concerns over water supply and service delivery, Palace Press...
House Speaker Isabela 6th district Rep. Faustino "Bojie" Dy III says proactive planning is key to mitigating the effects of El Niño, which threatens to adversely affect the country 's food supply. Speaking at the House Committee on Agriculture and Food’s El Niño briefing Wednesday, July...
ILOILO CITY – The Department of Energy (DOE) is set to build a 200-megawatt (MW) solar battery system in the Visayas as part of its response mechanism to the low supply on the grid. DOE Secretary Sharon Garin announced that the islands of Panay, Negros, Cebu, and Bohol will each receive a 50-MW...
Malacañang has assured the public that the proposed Philippines-United States Pax Silica Economic Security Zone will comply with strict environmental and water resource safeguards, amid concerns over its potential impact on host communities. Presidential Communications Office (PCO) Undersecretary...
LoveYourself, a non-government organization (NGO), said the arrival of the first batch of life-saving HIV medicines would help ensure uninterrupted treatment for thousands of Filipinos living with HIV (PLHIV), while urging the government to strengthen the country’s procurement and distribution...
Inaugurating Phase I of the Meralco Terra (MTerra) Solar Project, President Marcos said it would help shield the Philippines from global energy supply shocks. During the inauguration led by Marcos and First Lady Liza Araneta-Marcos on Tuesday, July 14, in Gapan City, Nueva Ecija, the President said...
President Marcos personally inspected the ongoing rehabilitation of the Navotas Fish Port Complex (NFPC) on Saturday evening, July 11, saying the modernization of one of the country 's largest fish trading hubs is key to improving the livelihood of fishermen and ensuring a stable supply of...
Lending by universal and commercial banks (U/KBs) posted its fastest growth in 15 months in May, as lenders continued to see steady credit demand from businesses and households in the second quarter of 2026. The latest preliminary Bangko Sentral ng Pilipinas (BSP) data showed bank lending growth...
