Asian shares were mixed in subdued trading early Tuesday, as recent enthusiasm cooled and markets faced uncertainty about efforts to end the war in Iran. Japan’s benchmark Nikkei 225 lost 0.9% in morning trading to 71,681.29. “We’ve…
CEBU CITY, Philippines – With prices slashed by up to P11 per liter on Tuesday, June 23, diesel products in some gas stations in Metro Cebu are being sold at P66 per liter, the lowest since the…
CEBU CITY, Philippines – Cebu, and the entire Visayas area for that matter, direly needs new base load power supplies, among other solutions, as business leaders here expressed alarm over unstable power supply. The Mandaue Chamber of…
MANILA – The Bangko Sentral ng Pilipinas (BSP) has lifted the moratorium on increases in InstaPay and PESONet transaction fees and issued new rules aimed at making electronic payment charges fairer, more transparent, and reflective of actual costs.…
MANILA, Philippines – Moody’s Ratings has downgraded its outlook on the Philippine banking system to “negative” from “stable,” warning that weakening economic conditions and rising loan impairments could strain lenders even as the US-Iran memorandum of understanding…
Oil prices fell Monday on optimism over talks by the US and Iran after mediators flagged a “roadmap” to a final agreement, while major stock markets traded mixed. The British pound and the London stock market firmed,…
TOKYO – The Japanese government has decided to raise visa fees for foreign nationals by revising a related cabinet order. The decision, made at a cabinet meeting on Friday, marks the first revision of the visa fees in…
Pasig City, Philippines – 15 June 2026 — Meralco PowerGen Corporation (MGEN) announces today the appointment of Mr. Arnel L. Santos as President and Chief Executive Officer (CEO) of MGEN Thermal Energy, Inc., effective 1 July 2026.…
The Department of Energy (DOE) on Monday, June 22, backed proposals to declare an ‘energy emergency’ in Cebu as the Visayas grid continues to reel from thinning supply that has disrupted daily lives and economic activity.…
CEBU CITY, Philippines – Good news for motorists. Beginning Tuesday, June 23, oil companies will be implementing a sharp rollback, with diesel having the biggest price reduction. The Department of Energy (DOE) announced that price reductions for…
CEBU CITY — The Visayas power grid remains under strain as the National Grid Corporation of the Philippines (NGCP) placed the region under Yellow Alert on Monday, June 22, marking the seventh consecutive week that the grid…
CEBU CITY, Philippines – The Chiongbian family is set to reclaim complete ownership of FAST Logistics Group after agreeing to acquire the 40 percent stake currently held by a subsidiary of CVC Capital Partners Asia Pacific IV,…
