The country 's labor market is shifting toward skilled occupations, prompting the Department of Labor and Employment (DOLE) to intensify its efforts in sustaining job creation through its newly launched 10-year employment strategy. DOLE Secretary Bienvenido E. Laguesma announced that the...
The Independent Electricity Market Operator of the Philippines (IEMOP) has assured that the Wholesale Electricity Spot Market (WESM) will see stable prices even after the 2025 midterm elections. In a briefing on Tuesday, May 6, Isidro Cacho Jr., IEMOP head of trading operations stated that the...
Lopez-led First Gen Corp. (FGen) reported that its first-quarter net income declined by four percent due to lower geothermal output, market price movements, and a lapsed power deal. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, May 6, FGen said its recurring net income during...
The local stock market inchd up despite losses in the US caused by Trump’s increasing attempts to influence the US Federal Reserve. The main index added 7.59 points or 0.12 percent to close at 6,145.59 as Miners led the advance, with only Banks retreating. Volume was thin at 593 million shares...
The hot summer season is indeed approaching as the Independent Electricity Market Operator of the Philippines (IEMOP) reported a spike in wholesale electricity spot market (WESM) prices in March. IEMOP data on Thursday, April 3, revealed that the average WESM price last month stood at ₱5.34 per...
Megawide Construction Corp.’s (Megawide) engineering, procurement, and construction (EPC) unit will commence with the construction of the ₱1-billion Block-2 of the ongoing Carbon Market redevelopment. The scope of work under the design and build contract for the Block-2 vertical structure...
The Sandiganbayan has affirmed the conviction of former Maguindanao governor Datu Sajid Islam Ampatuan for graft and malversation of public funds on the P393 million construction and rehabilitation of farm-to-market roads (FMRs) in 2009. Ampatuan, who is currently the vice mayor of Shariff Saydona...
Senatorial candidate Bam Aquino promised market vendors in Bataan that if he wins in the coming May 2025 midterm polls, he will serve as their “voice” in the upper chamber to push for laws and policies that will protect their rights and address their grievances. Senatorial candidate Bam Aquino...
The relentless march of artificial intelligence (AI) continues to reshape the digital landscape, showing no signs of slowing. From everyday assistance to automated content creation, workers are understandably anxious about the integration of AI tools and their potential impact on the future...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported a decline in Wholesale Electricity Spot Market (WESM) prices in February due to increased supply in the system. Data from IEMOP showed that the average system price declined by 7.8 percent to ₱2.73 per kilowatt-hour...
The Independent Electricity Market Operator of the Philippines (IEMOP) expects an increase in Renewable Energy Certificate (REC) issuance, driven by the ongoing Green Energy Auction Program (GEAP). Chris Warren C. Manalo, assistant manager of IEMOP’s market simulation and analysis division,...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported a substantial drop in electricity prices for January, driven by lower demand and increased supply. In a statement released on Tuesday, February 4, IEMOP said that the average electricity price in the Wholesale...
