As its 7.6 million customers will take the brunt of higher electricity rates, power utility giant Manila Electric Company (Meralco) has formally asked the Court of Appeals to lift the 60-day temporary restraining order (TRO) it issued that junked the P0.30 per kilowatt hour (kWh) rate hike petition...
Department of Social Welfare and Development The Department of Social Welfare and Development (DSWD) led the kick-off for the Inter-Agency National Indigenous Peoples (IPs) Birth Registration Special Project through the ceremonial signing of a memorandum of agreement (MOA) with partner-agencies...
THE booming skyline of Iloilo City. (Tara Yap) ILOILO CITY – The economy of the province of Iloilo and this city have bounced back from the initial impact of the pandemic, the Philippine Statistics Authority (PSA) said. The PSA said the economy of Iloilo posted a 4.5 percent growth last...
With higher budget allocation, the Energy Regulatory Commission (ERC) indicated that it will pursue "digitalization" of its processes, so it can fast-track the approval of power supply agreements (PSAs) as well as the capital expenditure (capex) applications of power utilities. “We’ll pursue...
The joint venture of Aboitiz Power Corporation and AC Energy and Infrastructure Corp. of the Ayala group will be selling electricity to Manila Electric Company (Meralco) for a rate higher by P1.65 per kilowatt hour (kWh) to P5.96 per kWh compared with the cheaper P4.31 per kWh rate of South...
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...
