Meralco power rates to increase this month
The cost of electricity in February will increase by P1.08 per kilowatt-hour (kWh), Manila Electric Co. (Meralco) said, pointing to higher pass-through generation charge.
Meralco...
Filipino missing in Taiwan quake
By Arjay L. Balinbin
The Manila Economic and Cultural Office (MECO) has confirmed on Wednesday, Feb. 7, that a Filipino is missing after a 6.4...
Customs demolishes P61.63-M worth of smuggled luxury cars
THE Bureau of Customs (BoC) destroyed P61.63 million worth of luxury cars on Tuesday, Feb.6, as ordered by President Rodrigo R. Duterte.
Twenty smuggled cars, including...
January inflation highest in three years
Inflation rose in January, the government reported Tuesday morning.
The Philippine Statistics Authority said that the headline inflation jumped by 4% last month from 3.3%...
Security Bank posts higher net profit in 2017
Security Bank Corp. saw an increase in its net income in 2017 driven by growth across its business segments.
Based on a disclosure to the...
BPI net income up 1.7% in 2017
Bank of the Philippine Islands (BPI) booked a slightly higher net income in 2017 driven by the growth of its revenues.
In a disclosure to...
Statement of Goldilocks on scrapped takeover deal with SM Retail
Below is a statement released by Goldilocks President Richard L. Yee on the scrapped acquisition deal with SM Retail:
"I would like to confirm reports in the...
Economy expands at 6.6% in fourth quarter, 6.7% in 2017
The Philippine economy posted 6.6% gross domestic product (GDP) growth in the fourth quarter, the Philippine Statistics Authority (PSA) reported this morning.
The October-December outcome...
DPWH to conduct weekend road reblocking
THE Department of Public Works and Highways (DPWH) will undertake road reblocking and repairs starting 11:00 p.m. of Friday night, Jan. 19, at the...
Trade deficit widens in November as imports outpaced exports
THE Philippines registered a November trade deficit of $3.78 billion in its balance of trade in goods, wider than the $2.49 billion shortfall in...
Factory output contracts in November
FACTORY output declined for the third straight month in November, the Philippine Statistics Authority (PSA) reported earlier this morning.
Preliminary results from the PSA’s Monthly...
U.S. Embassy closed Dec. 25, 26
The Embassy of the United States in the Philippines and affiliated offices will be closed to the public on Monday, Dec. 25, in observance of Christmas,...