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 […]

Bantayan growers raise egg prices

POULTRY owners in Bantayan Island have increased the prices of their eggs due to the increase in prices of feeds they purchased from Cebu City. Alan Pastoril, president of the Bantayan Island Layer and Hog Raiser Association Inc. (BILHRA), told SunStar Cebu Wednesday, Jan. 25, 2023, that this is the main reason they imposed another […]

DTI reminds businesses to comply with price freeze in areas under state of calamity  

THE DEPARTMENT of Trade and Industry (DTI) reminded businesses in areas under a state of calamity to comply with the price freeze for basic necessities.     A total of 86 towns and cities across five regions have declared a state of calamity this month due to flooding and landslides triggered by continuous rains since mid-December, based […]

AmCham presses DTI to ‘regularly’ publish SRP bulletins

THE AMERICAN Chamber of Commerce of the Philippines, Inc. (AmCham) pressed the Department of Trade and Industry (DTI) to publish suggested retail price (SRP) bulletins for basic necessities and prime commodities on a regular basis to help manufacturers manage their operations.      AmCham Executive Director Ebb Hinchliffe, in a letter dated Jan. 20 addressed to Trade […]

HSBC Maintains Sirnaomics (2257.HK) at Buy Rating with Target Price of HKD90.00; 61% Upside

EQS Newswire / 16/01/2023 / 17:53 UTC+8   HSBC initiates coverage of Sirnaomics, lowers the target price to HKD90.00 (from HKD118.00) as HKSC raises its discount rate to 9% from 7% for clinical-stage biotechs, considering they are riskier than biopharmas under the current financing environment and as their commercialisation capabilities have not yet been validated. […]

Capitol to MCWD: Comply with agreement to adjust contract price of water

THE Cebu Provincial Government wants the Metropolitan Cebu Water District (MCWD) to comply with the joint investment agreement between the Cebu Manila Water Development (CMWD) Inc., the joint venture firm of the Capitol, regarding the price adjustment of water. During a press conference at the Capitol on Thursday, Jan. 12, 2023, Gov. Gwendolyn Garcia said […]