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The National Grid Corporation of the Philippines (NGCP) is eyeing to complete several interconnections and upgrading projects this year, including those in Misamis Oriental and other areas in Mindanao. NGCP said it expects to finish the 230-kilovolt (kV) substation in Laguindingan, Misamis Oriental, within the year. The substation is part of the ongoing Mindanao-Visayas Interconnection […]
Google has paid $69 million to use news stories from Canadian media outlets on its platform, according to the tech company said. Prior to the deal, Meta refused to pay and has blocked Canadian news content from its platforms, including Facebook and Instagram to avoid paying the Canadian Journalism Collective (CJC). Under the deal with […]
The Bangko Sentral ng Pilipinas (BSP) is seen further reducing key interest rates next year, or up to 100 basis points (bps). To recall, the BSP delivered another 25 bps rate cut during its last meeting for this year on Thursday. The central bank has so far reduced policy rates by a total of 75 […]
PhilHealth, the government’s health insurance corporation, is at the center of a heated debate following the removal of its ₱74-billion subsidy from the 2025 national budget. This decision, made amidst rising health costs and economic challenges, has sparked concern among lawmakers, health advocates, and the general public about the future of healthcare services in the […]
The capital markets are vital to a country’s economic growth, according to the Organisation for Economic Co-operation and Development (OECD), citing that market-based financing in the Philippines still remains limited. The 2024 Capital Market Review of the Philippines by the Organisation for Economic Co-operation and Development (OECD) has underscored the country’s need for stronger capital […]
Philippine headline inflation settled at 2.5% in November, slightly higher than the 2.3 percent seen in October. In a briefing, PSA Undersecretary and National Statistician Dennis Mapa said inflation in November last year was higher at 4.1%.The latest data brought the year-to-date average inflation to 3.2%, which is within the government’s 2% to 4% target […]
As expected, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) reduced key rates by another 25 basis points (bps) on Wednesday, bringing to 6% the benchmark rate. This is the second reduction of key rates by the BSP this year following the 25 bps cut on August 15.The BSP cited better inflation for […]