Tag: bworldonline
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Meralco warns power rates to go up in June
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POWER RATES are expected to go up this month, due to higher settlement costs in the reserve market and the implementation of the new feed-in tariff allowance (FIT-All) rate, according to Manila Electric Co. (Meralco). A spike in generation charges amid tight supply, coupled with the peso depreciation, might also…
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Keep on the sunny side
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SUNNY SIDE CLUB, simply referred to by its members as “Sunny,” is a relatively new community for queer women, formed online in 2023.
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D&L says exports to capture half of revenue in next 2-3 years
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D&L Industries says exports to account for half of total revenue in next two to three years. D&L Industries, Inc. said it expects its export business to make up half of its total revenue in the next two to three years, driven by its new Batangas plant. “Maybe it will…
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May inflation likely hit 4% — poll
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HEADLINE INFLATION likely quickened for a fourth straight month in May, mainly due to a spike in electricity costs, analysts said.
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Debt service bill declines by 21% in April — Treasury
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THE NATIONAL Government’s (NG) debt service bill fell in April amid a drop in amortization payments, the Bureau of the Treasury (BTr) said. Data from the BTr showed that debt repayments declined by 21% to P161.695 billion in April from P204.763 billion in the same month a year ago. Month…
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Hot money outflows reach $312M in April
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MORE short-term foreign capital left the Philippines than entered for a second straight month in April, data from the Bangko Sentral ng Pilipinas (BSP) showed. BSP data showed that transactions on foreign portfolio investments registered with the central bank through authorized agent banks posted a net outflow of $312.18 million…
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L’Oréal launches beauty tech startup competition
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To spur the next era of beauty, L’Oréal has launched the Big Bang Beauty Tech Innovation Program in the South Asia Pacific, Middle East and North Africa (SAPMENA) region, including the Philippines. The biggest open innovation competition of this scale for the beauty sector, it offers promising startups the chance…
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Lawmakers urged to consider policy costing before approving new laws
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LAWMAKERS must consider the cost of proposed laws to ease pressure on the government’s finances, according to a think tank attached to the House of Representatives. “The Philippines presently has no office designated to do policy costing,” the Congressional Policy and Budget Research Department (CPBRD) said in a discussion paper.…
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DoST SETUP-backed MSME boosts significant invention in abaca industry
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To upgrade the technological capabilities and improve the productivity and efficiency of micro, small, and medium enterprises (MSMEs) in the country, the Department of Science and Technology (DoST) is taking a notch higher in strengthening its scientific and technological initiatives through its Small Enterprise Technology Upgrading Program (SETUP). The SETUP…
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Beneficial Life Insurance Company, Inc. to hold 2024 Annual Stockholders’ Meeting on June 28
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