ILOILO CITY – Electric consumers in this city have to pay an additional P4.0817 per kilowatt-hour (kWh) in the July billing cycle. A LINEMAN of MORE Electric and Power Corp. (MORE Power) in Iloilo City. (Tara Yap) Lone power distributor MORE Electric and Power Corp. (MORE Power) announced that...
Senator Ramon "Bong" Revilla, Jr. expects President Marcos to discuss ways to address inflation as well as his plans on food security and national security in his third State of the Nation Address on July 22. In a statement, Revilla said that he is positive that the President's third SONA will...
By MYRNA M. VELASCO The roughly 8.0 million customers of Manila Electric Company (Meralco) will suffer ‘electric shock’ from its P2.1496 per kilowatt hour (kWh) hefty rate hike in the July billing, which were triggered by uptick in the generation charge with high exposure in the Wholesale...
By TARA YAP ILOILO CITY – The inflation rate in Western Visayas region jumped to 4.9 percent last June. A VENDOR at the La Paz Market in Iloilo City. The Philippine Statistics Authority reported that the inflation rate in Western Visayas went up to 4.9 percent in June. (Tara Yap)...
Department of Budget and Management Secretary Amenah F. Pangandaman said that government agencies spent 45 percent of their budget as of the first quarter. At the sidelines of the launching of the Green Green Green program, Pangandaman told reporters that the average “obligation rate” of the...
BY MYRNA VELASCO Consumers can finally pull collective sigh of relief as pump prices are expected to be on significant rollback across products, based on the calculation of the oil companies. If reckoned on the four-day outcome of trading in the regional market, the estimated price cuts would be...
The Department of Finance (DOF) said the decrease in the unemployment rate in May shows that the country is making progress towards its goal of becoming an upper-middle-income country by 2025. In a statement, Finance Secretary Ralph G. Recto said the year-on-year decrease in the number of...
National Economics and Development Authority Arsenio M. Balisacan said that the P35 wage hike in Metro Manila will not greatly impact the economic growth as well as employment numbers. During a press briefing in Malacañang, Balisacan said that around 40,000 to 140,000 workers may be affected by...
The Philippine Statistics Authority (PSA) reported that the number of jobless Filipinos decreased in May compared to the previous year; however, the figures were higher than they were a month ago. The PSA Labor Force Survey revealed on Monday, July 8, that the unemployment rate in May this year...
The country’s inflation rate may have peaked this year after the rice tariff cut was implemented, analysts have suggested. In its June inflation report, the Bank of the Philippine Islands (BPI) stated that the July inflation data will likely remain near the upper limit of the Bangko Sentral ng...
Finance Secretary Ralph G. Recto said that inflation may have already reached its highest point, projecting a gradual decline in the rate of food price increases in the coming months. Recto stated that the continued moderation in inflation may lead the Bangko Sentral ng Pilipinas (BSP) to consider...
(Noel Pabalate/MANILA BULLETIN) Several high-ranking members of the House of Representatives commended the initiative of Speaker Martin Romualdez to conduct a comprehensive review of the Electric Power Industry Regulation Act (EPIRA) in a bid to...
