TDK Philippines Corp., a manufacturing firm for electronic components, had shifted its electricity service usage to renewable energy (RE) and will tap Energy Development Corp. (EDC) of Lopez-led First Gen Corp. for its supply. The TDK Group said it had taken this move for its entire manufacturing...
Hard work and dedication — not simply luck — were the key components of the country’s success in sports for the past years as far as Philippine Sports Commission (PSC) Chairman Butch Ramirez is concerned. PSC Chairman Butch Ramirez “Yung golden year na sinasabi natin sa sports, hindi yung...
GROCERY store workers rest in Iloilo City. (Tara Yap) ILOILO CITY – The unemployment rate in Western Visayas or Region 6 dropped as restrictions from the Covid-19 pandemic ease and businesses are returning to more normal operations. Data released by the Philippine Statistics Authority (PSA)...
Polyfoam-RGC International Corporation, the maker of sought-after Uratex mattresses and foam products, has renewed its power supply agreement (PSA) with ACEN Corporation, the energy company of the Ayala group. According to the Ayala firm, it will be supplying renewable energy-generated power...
Customers of Manila Electric Company (Meralco) will need to allot higher budgets for their electric bills this month, as the utility firm raised its overall tariff by P0.3982 per kilowatt hour (kWh) to P10.4612 per kWh from the May level of P10.0630 per kWh. For household consumers in the...
The country's unemployment fell to 5.7 percent in April, nearing the 5.3 percent pre-COVID level, on continued reopening of the domestic economy, data from the Philippine Statistics Authority (PSA) showed. The April performance was also a significant improvement from 8.7 percent a year ago and...
Factory output improves in uphill climb —PSA By Chino S. Leyco Factory output continued to grow, but at a much slower pace in April due to strong production of textiles, the Philippine Statistics Authority (PSA) reported Thursday, June 9, In its Monthly Integrated Survey of Selected...
PH trade deficit widens further in April By Chino S. Leyco Trade deficit widened last April as country’s purchases of goods from abroad outpaced the rise in sales of locally-made products, the Philippine Statistics Authority (PSA) reported on Thursday, June 9. The PSA said the country’s trade...
A VENDOR wearing a face shield sells vegetables in a market in Iloilo City. (Tara Yap) ILOILO CITY – Prices of basic goods in Western Visayas soared anew as the inflation rate in the region went up to 5.9 percent last May. The Philippine Statistics Authority (PSA) said that the inflation rate for...
Terra Solar Philippines Inc., which is an affiliate firm of Razon-led firm Prime Infrastructure Holdings Inc., will pursue utility-scale solar power projects of up to 3,500 megawatts with coupling of battery energy storage system (BESS) in the magnitude of 4,000 to 4,500-megawatt hours (MWh) to...
The Department of Energy (DOE) is requiring "indivisibility" or "no competing supply contract" for the capacity generation that qualified bidders will be offering in the government's Green Energy Auction Program (GEAP) slated this June 17. According to Energy Assistant Secretary Redentor Delola,...
The rate of increase in consumer prices accelerated to a fresh three-year high in May as the worsening inflationary pressures globally continued to eat into Filipinos’ purchasing power. The Philippine Statistic Authority (PSA) reported on Tuesday, June 7, that headline inflation jumped to 5.4...
