Power co-ops report P25.30 million worth of typhoon damage

DAMAGE incurred by electric cooperative due to Typhoon Karding (international name: Noru) has been valued at P25.30 million so far, according to the Department of Energy (DoE). The National Electrification Administration (NEA) reported that as of Thursday, 12 electric cooperatives had notified it of damage to their facilities. These are: Aurora Electric Cooperative, Inc.; Mountain […]

Peso strengthens on aggressive BSP hike

THE PESO continued to strengthen against the dollar on Thursday as the Bangko Sentral ng Pilipinas (BSP) delivered its biggest-ever rate hike amid growing inflation pressures. The local unit closed at P56.15 per dollar on Thursday, gaining 11 centavos from its P56.26 finish on Wednesday, based on Bankers Association of the Philippines data. Still, year […]