ERC reviewing secondary price cap after DoE cites potential to unlock investment

THE Energy Regulatory Commission (ERC) said it is reviewing the secondary price cap after the Energy department said its removal could attract more investment in energy. “The ERC is evaluating the mechanics of the secondary price cap given, on one hand, its clear mitigating impact on rates charged to consumers exposed to WESM (Wholesale Electricity […]

More Philippine Defense officials quit 

MORE senior officials of the Defense department have quit after Jose Faustino, Jr. resigned as secretary.  At least seven more officials who held undersecretary and assistant secretary positions submitted their resignation letters to newly installed Defense Secretary Carlito G. Galvez, Jr., agency spokesman Arsenio R. Andolong told reporters on Tuesday.  It is customary for coterminous […]

Abortion, China, big government: Republicans gear up to flex US House muscles

WASHINGTON — Hours after Republican leader Kevin McCarthy finally clinched the US House speaker role, his party was already rolling out its initial legislative steps: the creation of committees to investigate China and the “weaponization of the federal government,” and a bill that could potentially limit abortion care nationwide. Mr. McCarthy won the election for […]

Peso up on easing oil prices

THE PESO strengthened versus the dollar on Monday after global oil prices eased, erasing all gains posted since the start of the Russia-Ukraine war. The local unit closed at P56.64 against the greenback on Monday, stronger by three centavos from its P56.67 finish on Friday, data from the Bankers Association of the Philippines showed. The […]