Customers of Manila Electric Company (Meralco) will have to shell out additional cash on their electricity budget as the overall rate of the utility firm would be higher by P0.1212 per kilowatt hour (kWh) in their October billing. With the upward adjustment, the rate of Meralco this month will be...
President Duterte’s chief economic manger admitted yesterday that the government cannot provide the entire financial relief needed by the aviation industry to save domestic airlines badly hit by the coronavirus pandemic. Finance Secretary Carlos G. Dominguez III (DOF photo / Howard Felipe)...
Farmers are appealing to Agriculture Secretary William Dar to stop claiming that palay prices are high at P19 per kilogram (/kg), because such dismissiveness is resulting in fear among the country’s main staple food producers that the government will not do anything to resolve their plea. Farm...
Apprehensive that a trade war is now brewing between the Philippines and Brazil over the import ban that the Department of Agriculture (DA) imposed on Brazilian poultry meat, the Philippine Association of Meat Processors Inc. (PAMPI) has strongly urged government to prevent this from happening. In...
World trade shows signs of bouncing back from a deep, COVID-19 induced slump, but World Trade Organization economists caution that any recovery could be disrupted by the ongoing pandemic effects. The WTO forecasts that merchandise trade volume could fall 9.2 percent in 2020 less than the 12.9...
The Department of Finance (DOF) ordered government financial institutions (GFIs) and its attached agencies to strengthen their shields against potential cybersecurity threats following a cyber-heist on one of the state-owned banks. Finance Secretary Carlos G. Dominguez III Finance Secretary Carlos...
The national government’s two main tax agencies exceeded their revised collection target in the first eight-months of the year, but remained lower than last year’s performance, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the Bureau of Internal Revenue...
The Philippines and Germany have agreed to strengthen bilateral cooperation in manufacturing, construction and innovation at the successful convening of their inaugural Joint Economic Commission (JEC). The Philippines-Germany Joint Economic Commission Co-Chairs Parliamentary State Secretary Marco...
Trade and Industry Secretary Ramon M. Lopez is batting for the restoration of the P500 million budget for shared service facilities (SSF) program into the 2021 budget to achieve at least a P1 billion fund allocation next year for this program. Trade and Industry Secretary Ramon Lopez. (ALFRED...
Oil firm Cleanfuel bucked the trend even as most of its competitors have implemented slight upward adjustments in pump prices this week to the tune of P0.10 per liter for gasoline products, and P0.20 per liter for kerosene products. MB file photo. (Mark Balmores) Cleanfuel, which is among the...
Given electricity demand increase in the Luzon grid last month, power utility giant Manila Electric Company (Meralco) is anticipating marginal rate hike to be reflected in their customers' October bills. MERALCO logo “Initial data suggest that generation charge costs for October will have a...
The country’s Malampaya field logged its all-time high gas production at 155.495 billion standard cubic feet (scf) last year, according to data from the Department of Energy. The Malampaya gas field uses an innovative and sustainable deepwater technology for recovering natural gas from the...
