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DOE drafting circular for Pax Silica power requirement

Manila, July 28 -- The energy requirements of the planned Pax Silica project in New Clark City, Tarlac are being reviewed by authorities, given the large capacity required to run the technology hub. ... Read More


Auto industry group sees hike in car sales for second half of 2026

Manila, July 23 -- An automotive industry executive on Thursday expressed hope for a sustained rise in domestic vehicle sales, with June 2026 sales reaching their highest level so far this year, up 11... Read More


T-bill rates posts mixed results

Manila, July 21 -- Rates of the Philippines' treasury bills (T-bills) posted mixed movements Monday, which an economist traced to demand for the debt paper. Average rate of the 91-day paper rose to 5... Read More


Big-time oil price hike looms amid renewed Mideast tensions

Manila, July 17 -- Domestic fuel prices are projected to rise by as much as PHP10.50 per liter next week amid fresh military exchanges in the Middle East. In a message to journalists Friday, Jetti En... Read More


Visayas grid under yellow alert anew early Friday night

Manila, July 17 -- The unavailability of generating units 1 and 2 of Therma Visayas, Inc. (TVI) amid the high electricity demand again resulted in the issuance of a yellow alert for the Visayas grid f... Read More


NGCP transmission rates up in July

Manila, July 15 -- The overall transmission rate for the July 2026 billing period is up by 0.77 percent to PHP1.4604 per kilowatt hour (kWh) due to the higher ancillary services (AS) rate last June. ... Read More


PSEi drops, peso weakens amid renewed Middle East tensions

Manila, July 14 -- Fresh military actions between the United States and Iran resulted in the negative close of the Philippine Stock Exchange index (PSEi) and the peso Tuesday. The main index shed 0.1... Read More


Visayas grid under yellow alert from 5 to 8 p.m. Tuesday

Manila, July 14 -- Continued unavailability of several major coal-fired power plants prompted the raising of another yellow alert status for the Visayas grid on Tuesday, from 5 p.m. to 8 p.m. A yello... Read More


DEPDev: PH ready for phaseout of concessional ODA loans

Manila, July 3 -- The Philippines has sufficient buffers to cushion the eventual phaseout of concessional Official Development Assistance (ODA) following its upgrade to upper-middle income economy sta... Read More


Stocks, peso gain as US-Iran tensions ease

Manila, June 29 -- The United States and Iran's agreement to halt retaliatory attacks ahead of peace talks in Doha, Qatar drove positive closes for both the local stock market and the peso on Monday. ... Read More