The Energy Regulatory Commission (ERC) said it will opt for "rate flexibility" in the power supply agreements (PSAs) that distribution utilities (DUs) will be underwriting with generation companies (GenCos), once they win capacities in the conduct of competitive selection process (CSP) by the power...
EDITORS DESK Ramon Bonilla In a unique night of celebration that is comparable to the glitz of the Oscars, with vigor channeled from the Olympic fire, the stars will align for a toast of victory—athletes, men and women, the late legends and the young ones – all named and acknowledged for a...
The Energy Regulatory Commission (ERC) and Department of Social Welfare and Development (DSWD) are being urged to accelerate the clean-up of the list of electric consumers entitled to the government's "lifeline subsidy rate" to help tame the country’s rising inflation rate. Senate Committee on...
CALAPAN CITY, Oriental Mindoro – Region 4-B or the Mimaropa (Oriental Mindoro, Occidental Mindoro, Marinduque, Romblon, and Palawan area) recorded an 8.9 percent inflation rate in January which was higher than the nation’s 8.7 percent. Leni R. Rioflorido, Philippine Statistics Authority...
The Philippine Statistics Authority (PSA) reported that committed foreign investments last year went up 25 percent as the local economy reopened after the prolonged pandemic. Data from the PSA showed Thursday, Feb. 16, that the total approved foreign investments reached P241.89 billion in January...
On the heels of the disappointing news that the inflation rate had risen even higher to 8.7 percent in January – beyond the Bangko Sentral ng Pilipinas’ forecast range of 7.5 to 8.3 percent, and the government’s target range of two to four percent – there was a vital piece of good news on...
Meralco rates to go down very slightly this February By MYRNA M. VELASCO There will be very marginal reduction of P0.0106 per kilowatt hour (kWh) in the electric bills of Meralco customers this month mainly due to the downtrend in the generation charge component of the unbundled electric bills. The...
A VENDOR sells fresh fish in Iloilo City. The inflation rate in Western Visayas has eased after 10 months due to lower food and non-alcoholic beverage prices. (Tara Yap) ILOILO CITY – What goes up must come down. The inflation rate in Western Visayas eased 0.2 percent after 10 straight months of...
A ranking congresswoman wants the House of Representatives to investigate the utilization of billions worth of government funds on the delay-ridden Philippine Identification System (PhilSys) project, or the national ID project. Marikina City 2nd district Rep. Stella Quimbo (Ellson Quismorio/ MANILA...
Factory output slowed in December due to weak manufacturing of transport equipment, computer, electronic, optical products and basic metals, the Philippine Statistics Authority (PSA) reported. In the Monthly Integrated Survey of Selected Industries (MISSI) released on Thursday, Feb. 9, the...
The country's unemployment rate dropped to 4.3 percent in December 2022 as against 6.6 percent in December 2021, but the full-year unemployment rate remained below its pre-pandemic average, data from the Philippine Statistics Authority (PSA) showed. Based on the PSA report on Wednesday, Feb. 8, the...
Increase in consumer prices further accelerated in January, defying all expectations that it had peaked last December, as food prices remained elevated coupled with costlier utilities and housing rentals, the Philippine Statistics (PSA) reported. Headline inflation accelerated further to 8.7...
