EDITORIAL As Christmas Day nears, here’s a bit of good news from the Philippine Statistics Authority (PSA). The country’s employment rate in October 2022 stood at 95.5 percent, “the highest rate recorded since January 2020, and registered to have bounced back from pre-pandemic levels.” This...
Imports continued to outpace the country’s exports, but at a much narrower level, the Philippine Statistics Authority (PSA) reported. The PSA said on Tuesday, Dec. 13, that the country’s trade gap, or the difference between the value of export and import, dropped 13 percent to $3.3 billion in...
Customers of Manila Electric Company (Meralco) will not experience relief in their electric bills this month, as the utility firm’s overall tariff will go up by P0.3297 per kWh to P10.2769 per kWh from last month’s P9.9472 per kWh. That upward adjustment will then result in overall increase of...
The Energy Regulatory Commission (ERC) is seeking solution to ease the high electricity rates afflicting consumers in various Davao provinces. This has been the focus of the continuing caravan of the ERC, which is scrutinizing the power supply agreements (PSAs) of the distribution utilities with...
ILOILO CITY – Western Visayas registered a 9.6 percent inflation rate in November, the highest in 13 years, the Philippine Statistics Authority said. A FISH vendor in Iloilo City. (Tara Yap) “This is the region’s highest recorded inflation since January 2009,” said Nelida Amolar, chief...
The country's unemployment rate fell back to pre-pandemic levels in October this year on increased economic activities ahead of the holiday season, the Philippine Statistics Authority (PSA) said. Based on the results of the October 2022 Labor Force Survey released by the PSA on Wednesday, Dec. 7,...
SMC Global Power Holdings Corporation (SMCGP), a subsidiary of San Miguel Corporation, has formally notified Manila Electric Company (Meralco) that it will be terminating its fixed-price power supply agreement (PSA) covering 670 megawatts of supply drawn from the Ilijan gas-fired power plant. As a...
President Ferdinand "Bongbong" Marcos Jr. has admitted that the country's inflation is "running rampant" and "out of control" but remains optimistic that the economy continues to recover. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) "Although our growth rate looks healthy, our peso has...
President Ferdinand "Bongbong" Marcos Jr. has ordered the Philippine Statistics Authority (PSA) to fast-track the printing of the digital version of the Philippine Identification System (PhilSys) ID. President Ferdinand 'Bongbong' Marcos Jr. holds a meeting with officials of Philippine Statistics...
Consumer prices accelerated further to 8 percent in November, hitting a fresh 14-year high on the back of sustained rise in food costs, the Philippine Statistics Authority (PSA) reported. Headline inflation surged to 8.0 percent last month from 7.7 percent in October and 3.7 percent in the same...
SMC Global Power Holdings Corp. (SMCGP), the energy investment arm of San Miguel Corporation, contended that its step to elevate its rate hike case to the Court of Appeals (CA) is a valid legal remedy it can resort to after its petition was junked by the Energy Regulatory Commission. “Going to...
The P0.30 per kilowatt hour (kWh) joint rate hike application of Manila Electric Company (Meralco) and San Miguel Global Power Holdings Corporation (SMCGP) scored initial victory with the 60-day temporary restraining order (TRO) issued by the Court of Appeals (CA) on the verdict handed down by the...
