Electricity rates in franchise areas of Manila Electric Co. (Meralco) will be higher in October, the distribution utility (DU) announced Wednesday. Meralco said power rates in its franchise areas will increase by P0.4201 per kilowatt hour (kWh) to P11.8198 per kWh from P11.3997 per kWh in September. Since the increase in September, electricity charges by Meralco were higher by P0.9207 …
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The Philippine Statistics Authority (PSA) said Wednesday the national ID and the Civil Registration System (CRS) were not affected by an alleged data breach. “The PSA assures the public that the Philippine Identification System (PhilSys) and the Civil Registration System (CRS) have not been affected,” the PSA said in a statement. On Oct. 7, information about an alleged data leak …
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ArenaPlus, an online sports betting platform in the country, proudly announced its partnership this year with the men’s professional basketball league in the country, the Maharlika Pilipinas Basketball League (MPBL), as its official sportsbook partner. MPBL, founded by sports legend Manny Pacquiao in 2018, aims to provide opportunities for homegrown basketball players to represent their cities and/or provinces and to …
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Toxic watchdog group BAN Toxics promoting safe toys for kids and animals from harmful chemicals has sounded the alarm over the selling of squeaky plastic “pet” toys being sold in the market in time for the holiday season. The group managed to purchase a colorful squeaky “chameleon” toy, being sold for P100 pesos each in a store in Divisoria, Manila. …
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A delegation of 17 Philippine business enterprises will return to the 2023 edition of China International Import Expo (CIIE) slated November 5-10 with the theme “Share the love for Philippine flavors.” Anchored on the increasing popularity that Durian is enjoying in China, the delegation will put a spotlight on Philippine Durian as the country’s key feature along with other fresh …
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The Mid-Autumn Festival, also known as the Moon Festival or Mooncake Festival, is a harvest festival celebrated in Chinese culture that started more than 2,000 years ago and devoted to thanking the gods. Most scholars believe that the Mid-autumn Festival first appeared during the Zhou dynasty and derived from the tradition of worshipping the moon. BB International president Alvin Wu …
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The government is confident that it will raise more than USD1 billion from its second offering of Retail Onshore Dollar Bonds (RDB 2), a top official of the Bureau of the Treasury (BTr) said. “It’s been three days, but we’re seeing the demand, we’re close to the USD1 billion initially that we targeted,” BTr Officer-in-Charge Sharon Almanza said during the …
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Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, expanded by 7.7 percent year-on-year in July from 7.8 percent in June. On a month-on-month seasonally-adjusted basis, outstanding universal and commercial bank loans, net of RRPs, rose by 0.6 percent, similar with the previous month. Outstanding loans to residents, …
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The Philippines has received more than four million foreign visitors since the beginning of 2023, Tourism Secretary Christina Frasco shared the inspiring data Friday. The country hit a total of 4,005,465 in arrivals, accounting for over PHP316 billion in tourism spending as of posting. “I am very pleased to deliver the good news that today we have managed to reach …
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The installation of floating barriers at Scarborough Shoal, also known as Bajo de Masinloc, by the China Coast Guard is an infringement of Philippine sovereignty, the Department of Foreign Affairs (DFA) said Monday. Bajo de Masinloc is an integral part of the Philippines over which it has sovereignty and territorial jurisdiction, according to UNCLOS (United Nations Convention on the Law …
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