ERC Suspends Power Reserve Market to Address Soaring Electricity Costs
Economy

ERC Suspends Power Reserve Market to Address Soaring Electricity Costs

The Philippine Energy Regulatory Commission (ERC) has temporarily suspended the operations of the Power Reserve Market, citing persistently high prices, particularly in the Visayas, to alleviate consumer burdens.

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  • Philippine Stocks Decline on Inflation and Rate Hike Fears

    Philippine stocks tumbled on Tuesday, with the benchmark PSEi shedding 0.73% as rising inflation and fears of another interest rate hike weighed on the economic growth outlook.

  • BOC chief vows no let-up in drive vs agricultural smuggling

    The Bureau of Customs (BOC) vows to intensify its crackdown on agricultural smuggling, with Commissioner Ariel Nepomuceno assuring the public of no let-up. This comes after the interception of two cargo vessels carrying approximately P700 million worth of rice from Vietnam, prompting stronger monitoring and inter-agency cooperation to protect local farmers.

  • BSPは2026年のBOP赤字予測を引き下げ、

    マニラ(フィリピン)-フィリピンの今後2年間の国際収支赤字は当初の予想よりも縮小する可能性があるが、燃料費の高騰、地政学的な緊張、不均一な世界経済成長が依然として同国の対外的地位を圧迫していると見られると、フィリピン・バンコク中央局は述べた。 BSPは最新の予測で、この国の対世界との取引の広範な記録である国際収支(BOP)は2027年まで赤字が続くだろうと述べた。

  • Philippine Stocks Slip as Investors Lock in Gains Amid Economic Worries

    The Philippine stock market ended a two-day rally, with the main index falling 0.73% due to concerns over inflation and potential interest rate hikes. Investors opted to lock in profits, adopting a wait-and-see approach ahead of US inflation data, an IPO, and a BSP meeting.