Category: Business
Power transmission rates dip in October billing
MANILA, Philippines — Electricity transmission rates will slightly drop in October’s electricity billing, according to the National Grid Corp. of the Philippines (NGCP). In a media briefing Wednesday, NGCP’s head of revenue management department Julian Ryan Datingaling said overall transmission rates for the September 2025 billing period dipped by 1.23 percent to P1.3998 per kilowatt
Global stocks see mixed day amid trade angst, Powell comments
NEW YORK, United States — European and US stock markets fell before recovering somewhat as markets weighed trade tensions between Beijing and Washington and digested fresh Federal Reserve commentary. Wall Street indices opened firmly in the red amid the latest back and forth involving the United States and China on trade. But US stocks recovered somewhat
Capcom Cup 12’s pay-per-view format is under review following backlash
Capcom is thinking things over after announcing it would paywall an upcoming Street Fighter 6 tournament.
Fitch: Infra graft probe may hurt local banks’ loan quality
MANILA, Philippines – The deepening probe into anomalous flood control projects could hurt the asset quality of Philippine banks, Fitch Ratings warned, as delays in public works could squeeze the cash flows of contractors and undermine their ability to pay loans. Tamma Febrian, director of the financial institutions team at Fitch, said banks with higher