finance

The Energy Regulatory Commission on Sunday told the incoming Marcos administration that adding nuclear energy in the country”s power mix may lower the cost of electricity in the country.

A University of the Philippines (UP) professor on Saturday said the “Build, Build, Build” infrastructure program of President Rodrigo Duterte should focus on poor communities if it will continue under the Ferdinand “Bongbong” Marcos administration.

Amid calls by some employees for the government to maintain the work-from-home setup, Presidential Adviser for Entrepreneurship Joey Concepcion said that the arrangement was not for everyone.

The Civil Aeronautics Board is set to impose fuel surcharges starting July 1 which will range from P355 to P1,038 due to the ongoing rise in the prices of jet fuel in the world market.

Toblerone will have to drop “of Switzerland” from its packaging as the world-famous mountain-shaped chocolate will no longer be exclusively produced in its home country from 2023.

Motorists may expect an increase in the prices of diesel in the coming week, and either a hike or rollback in the prices of gasoline based on forecasts from an oil industry source and a fuel company.

With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, IMF Managing Director Kristalina Georgieva said Friday.

The Bank of the Philippine Islands (BPI) announced that cash-in transactions to mobile e-wallet service GCash were now free of charge.

The Philippine peso sank to its weakest closing level in over 16 years after it closed at P54.985 to a dollar on Friday.

Presidential Adviser for Entrepreneurship Joey Concepcion said he has tapped health and economic experts as an advisory group to guide the private sector as the country moves to normalcy after battling the COVID-19 pandemic.