The Independent Electricity Market Operator of the Philippines (IEMOP) is seeking an additional budget for its market management system (MMS) for the Wholesale Electricity Spot Market (WESM). In a document posted by the Energy Regulatory Commission (ERC), IEMOP is requesting around ₱1.1 billion...
The Independent Electricity Market Operator of the Philippines (IEMOP) announced an 11 percent drop in Wholesale Electricity Spot Market (WESM) prices in May. IEMOP data, released on Tuesday, June 3, showed that the average price eased to ₱4.01 per kilowatt-hour (kWh), while the system supply...
ILOILO CITY—Companies under the Razon group have the cheapest rate in the islands of Panay and Negros. In a recent power forum in Iloilo City, it was found out that MORE Electric and Power Corp. (MORE Power) and Negros Electric and Power Corp. (Negros Power) have lower rates for residential...
Following the pickup in manufacturing in April, Philippine factory growth in May slowed to an almost stagnant pace as production declined due to waning demand for new orders from foreign markets and the sharpest drop in employment in the sector in nearly a year. Data from S&P Global revealed that...
The newly signed Capital Markets Efficiency Promotions Act (CMEPA) is projected to generate over ₱25 billion in net revenue gains over the next five years, according to the Department of Finance (DOF). Finance Secretary Ralph G. Recto said CMEPA also supports the country’s medium-term fiscal...
Expect pickup trucks to be more costly after the provision reimposing the excise tax on the vehicle type was approved, alongside other tax reform measures under the proposed Capital Market Efficiency Promotion Act (CMEPA). The CMEPA, a legislation deemed a priority of the administration under the...
To boost regional tourism by showcasing Filipino cuisine and public markets, the Department of Tourism (DOT) has launched two flagship programs—“Salo-Salo: Taste the Flavor, Experience the Culture” and the “Market Tourism: A Philippine Palengke Experience” handbook—designed to position...
SANTA CRUZ, Laguna – A fire hit the public market here on Friday morning, May 23. The Police Regional Office 4-A said the fire started at 5:50 a.m. The Santa Cruz Fire Station led by Fire Marshal Fire Inspector Cesar Morfe Jr. said the fire reached the fourth alarm. Firemen from this town and...
The Energy Regulatory Commission (ERC) reported that generation rates have significantly gone down for the first quarter of 2025 due to lower prices in the Wholesale Electricity Spot Market (WESM). In a statement, the ERC noted that generation charges, which are the cost of generated electricity...
Growing up, my mom was strict. We had no junk food or soft drinks at home, weren’t allowed to play video games on weekdays, and our TV time was rationed. When I wanted weekday fun, I’d have to sneak out, take the elevator down from our condo unit, and play games with a classmate in another unit...
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...
