Philippine power rates highest in ASEAN in June; further hikes loom
According to the Philippines' Department of Energy, the country's nationwide average reached P12.43 per kWh in June, P0.093 per kWh more expensive than Singapore’s.
Lisbet K. Esmael
High energy costs still haunt Philippines, Southeast Asia neighbours
The International Energy Agency said Southeast Asia is a critical driver of global energy trends, with the region’s growth in demand projected to hit 20 per cent to 25 per cent…
Philippines gains new access to Russian oil as price drops continue
The local market is thus expected to receive a monthlong supply boost, as the country marks its third consecutive week of fuel price rollbacks on Tuesday.
Philippine government gains power to cap fuel hikes, enforce minimum price cuts
The government can now limit fuel price hikes or set a minimum rollback on pump prices, as the global market continues to face uncertainties amid the war in the Middle East.
Flood control mess pulls down Philippine stock exchange index
Only the holding firms as well as mining and oil recorded gains. The property sector saw the biggest loss.
Philippine government eyes coal mining shutdown
“I told them that we need to study the impact if we’re going to close down our coal mines and coal power plants,” he told reporters on the sidelines of the Philippine Energy…
ASEAN CEOs seen to pour more investments in AI
Based on a study by the IBM Institute for Business Value, about 2,000 CEOs in the global market, including 210 CEOs in ASEAN, see AI investments to “more than double in the next…
Filipinos top targets of online love scams
A study by a global information and insights company showed that 18 percent of suspected digital fraud attempts in the communities industry originated from the Philippines for the…
Cooler weather in the Philippines pulled down electricity spot prices in July
IEMOP, which operates the Wholesale Electricity Spot Market (WESM), said the average cost of electricity traded declined to P5.97 per kilowatt-hour (kWh), 3 percent down from a…
Philippines can finally export raw sugar to US
The country’s allocation is part of the US commitment under the World Trade Organization Agreement, which entails a minimum of 1,117,195 MTRV reserved by the latter for…