The Philippine Competition Commission fined six firms and their officers P1.76 billion over an illegal onion market allocation scheme, its largest penalty to date. Read more »
Manila Sets the Standard as Visayas and Mindanao Pay More for Less Power; the Country Needs a Cheaper, Island-by-Island Energy Plan Read more »
Cebu may keep facing power supply problems for more than a year because major new power plants won’t come online until 2028, The Freeman reported. Cebu will rely on stopgap measures for over a year, and cannot promise a blackout-free Christmas. Read more »
The National Food Authority (NFA) has distanced itself from a proposed deal to import American rice, saying the arrangement is a private-sector initiative. Read more »
The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to return approximately P2.64 billion to consumers over six months, following a review that found the company had collected more than its approved distribution charges. Read more »
Prime Infrastructure Capital Inc., the infrastructure company led by billionaire Enrique Razon Jr., expects to double its revenue and earnings over the short to medium term, driven by acquisitions, existing businesses, and new power projects. Read more »
