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Philippines
Tuesday, April 16, 2024

Business

Luzon grid faces power outages as 19 plants shut off

The National Grid Corporation of the Philippines (NGCP) announced a red alert status for the Luzon grid Tuesday, warning of possible power outages between 2 p.m. and 4 p.m. and 6 p.m. to 9 p.m. due to outages at 19 power plants. The announcement comes as Metro Manila grapples with scorching heat. Manila Electric Co. (Meralco) is encouraging participants in its Interruptible Load Program (ILP) to utilize their backup generators to...

February remittances grew 3% to $2.65b — BSP

Cash remittances grew for the 37th straight month in February 2024, providing...

CNOOC wins bid to supply LNG cargo to First Gen

First Gen Corp. said Monday it awarded the contract to Chinese supplier...

PMI opens P8.8-b smoke-free facility in Batangas

PMFTC Inc, the local affiliate of Philip Morris International (PMI), on Monday...

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Building constructions up 114% in 2nd quarter

The number of permits issued for building construction jumped 114 percent in the second quarter to 38,389 permits from 17,932 issued in the same...

Globe Telecom expands 5G roaming

Globe Telecom Inc. said it expanded its global 5G roaming footprint to Australia via Vodafone beginning Sept, 15. Globe also launched 5G roaming with partner...

Local firms asked to boost cybersecurity

Local enterprises were told to strengthen cybersecurity as online transactions become the new norm since the onset of the pandemic. “There is a need for...

Stocks retreat; Monde Nissin, Globe climb

The stock market fell Tuesday in cautious trading ahead of new quarantine rules that will place certain parts of Metro Manila under isolated lockdowns...

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