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Category: finance

Power transmission rates dip in October billing

MANILA, Philippines — Electricity transmission rates will slightly drop in October’s electricity billing, according to the National Grid Corp. of the Philippines (NGCP). In a media briefing Wednesday, NGCP’s head of revenue management department Julian Ryan Datingaling said overall transmission rates for the September 2025 billing period dipped by 1.23 percent to P1.3998 per kilowatt

Fitch: Infra graft probe may hurt local banks’ loan quality

MANILA, Philippines – The deepening probe into anomalous flood control projects could hurt the asset quality of Philippine banks, Fitch Ratings warned, as delays in public works could squeeze the cash flows of contractors and undermine their ability to pay loans. Tamma Febrian, director of the financial institutions team at Fitch, said banks with higher

More BSP rate cuts likely ahead, says Fitch unit

MANILA, Philippines – A solid cushion of foreign reserves and an anticipated easing action by the US Federal Reserve (Fed) this month could give the Bangko Sentral ng Pilipinas (BSP) room to front-load further rate cuts, supporting growth without putting too much pressure on the peso. In a note to clients, BMI Research, a unit

SEC warns public vs firm posing as agri goods trader

MANILA, Philippines – The Securities and Exchange Commission (SEC) has warned the public against investing in a newly established business allegedly posing as a farm goods service provider while soliciting investments from the public without the proper registration. It also warned against individuals introducing themselves as representatives of stock brokers. In an advisory posted last

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