THE ENERGY Regulatory Commission (ERC) has ordered the Power Sector Assets and Liabilities Management Corp. (PSALM) to pay a fine of P980,000 after a unit of the Malaya Thermal Power Plant (MTPP) exceeded its allowable limit for outages.

PRESIDENT RODRIGO R. Duterte led the inauguration Thursday of the 7.42-kilometer Sariaya Bypass Road in Lucena City.

HIGHER fuel prices are not going to show up immediately in grocery prices, the Philippine Amalgamated Supermarkets Association (Pagasa) said. 

LENDERS generally kept strict lending standards in the third quarter, but fewer banks tightened their lending rules, based on a survey conducted by the Bangko Sentral ng Pilipinas (BSP).

THE SUSPENSION of excise taxes on petroleum would result in as much as P131.4 billion in revenue losses for 2022, potentially hampering the country’s budget for recovery, the Department of Finance (DoF) said.

COMPANIES need to put artificial intelligence (AI) at the center of their modernization efforts in order to remain competitive after the pandemic, the trade department said. 

FOREIGN investors are likely to stay cautious during the Philippine election season to gauge policies that will be prioritized by the next government, analysts said.

STOCKS could move sideways this week on expectations that the government would further ease mobility restrictions as cases drop and amid the release of companies’ earnings results.

THE PESO is expected to appreciate versus the greenback this week on stronger US corporate earnings in the third quarter and the decline in coronavirus infections in the Philippines.

THE CHAIRMAN of the House Energy Committee said that he supports a Department of Energy (DoE) proposal to amend the oil deregulation law by introducing checks on the industry’s ability to charge high prices during crises.

MORE THAN P13 billion has been collected in the government’s tax amnesty programs so far, the Department of Finance (DoF) said.

THE ANTI-MONEY Laundering Council (AMLC) expressed confidence the Philippines will be removed from the Financial Action Task Force’s (FATF) “gray list” by January 2023, as it works with other government agencies to plug gaps in implementing measures against “dirty money” and terrorism financing.