RESIDENTIAL HOUSEHOLDS in areas served by Manila Electric Co. (Meralco) will see lower electricity bills in June as the power distributor cut power rates amid a drop in generation charges. In a ...

SENATORS and congressmen have agreed not to ban ore exports under a new fiscal regime for large-scale miners that seeks to raise the share of the government in mineral revenue.

CLARK INTERNATIONAL Airport is aiming to surpass three million passengers this year, banking on the transfer of turboprop operations and ongoing talks with new airline partners, as operator Luzon ...

CONGRESS adjourned session on Wednesday without giving the final approval for the proposal to hike the minimum daily wage by P100-P200, after economic managers warned of its “dangerous repercussions” ...

SINGAPORE-BASED budget airline Jetstar Asia will permanently stop operations by July 31, citing rising airport fees and other aviation charges that have made it too costly to continue flying. Jetstar ...

THE World Bank has kept its economic growth forecasts for the Philippines despite heightened uncertainty arising from the Trump administration’s tariff policies. In its bi-annual Global Economic ...

SEMIRARA MINING and Power Corp. (SMPC) has secured an amended clearance from the Department of Environment and Natural Resources (DENR), allowing it to proceed with its P291-billion coal mine ...

METRO PACIFIC Tollways Corp. (MPTC), the tollway unit of Metro Pacific Investments Corp. (MPIC), has deferred its plan to divest up to a 20% equity stake, according to its chairman. “There was talk ...

LISTED property developer Megaworld Corp. has begun the P2.5-billion redevelopment of its 18.5-hectare Eastwood City township as part of efforts to enhance its commercial and lifestyle offerings. In a ...

International Business Machines (IBM) on Tuesday said it plans to have a practical quantum computer by 2029, and it laid out the detailed steps the company will take to get there. Quantum computers ...

VILLAR-LED Vistamalls, Inc. reported a 15% decline in its first-quarter net income to P1.91 billion from P2.25 billion a year earlier, weighed down by lower rental revenue. In a regulatory filing, the ...