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
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
MANILA, Philippines – The high-profile corruption scandal over state-funded flood control projects has upended the Philippines’ bid for an “A” credit rating this year, Finance Secretary Ralph Recto said, warning that the fallout could hurt economic growth and weigh on the government’s fiscal position. Recto told reporters on Tuesday that, based on recent discussions with
“Trillion” has been quite the buzzword lately, especially with budget deliberations and economic data coming up. But if you’re a close follower of capital market updates, or if you just happened to stumble upon social media posts lately, you’d know that there’s yet another hot topic. READ: BIZ BUZZ: Panglao Hole symposium? Over the last
GM announces $1.6 billion EV impact ahead of quarterly earnings release
The Employees’ Provident Fund Organisation (EPFO) has made a major decision to improve the ‘ease of living’ for its members.
