Day: May 5, 2025

Manila: A week before the 2025 elections, the Department of Energy (DOE) ordered the National Grid Corporation of the Philippines (NGCP), the National Electrification Administration (NEA), electric cooperatives (ECs), and private distribution utilities (DUs) to immediately remove obstructions from power infrastructure to ensure safe and uninterrupted 2025 elections. According to Philippines News Agency, the DOE had received reports from the Commission on Elections (Comelec) regarding widespread violations involving campaign materials illegally affixed to power poles and electrical wires. The DOE emphasized that campaign materials placed near or within power lines are unlawful and could cause accidents, including electrocution and fires,

Manila: The Bureau of the Treasury (BTr) fully awarded bids for Treasury bills (T-bills) during Monday’s auction. The 91-, 182-, and 364-day T-bills fetched average rates of 5.573 percent, 5.667 percent, and 5.697 percent, respectively. According to Philippines News Agency, last week, the average yield of the 91-, 182-, and 364-day T-bills were lower at 5.546 percent, 5.655 percent, and 5.688 percent. Rizal Commercial Banking Corporation chief economist Michael Ricafort stated that the latest T-bill average auction yields were higher following the latest upward correction in the benchmark 10-year US Treasury yield at 4.31 percent. The auction was almost 3.0

San Juan City: Transportation Secretary Vince Dizon announced a new policy where individuals caught breaking traffic laws in online videos will face an automatic 90-day suspension of their driver’s licenses. This measure is part of the government’s efforts to address the issue of rogue drivers on the road. According to Philippines News Agency, during a press conference at the Department of Transportation (DOTr) office in San Juan City, Dizon directed the Land Transportation Office (LTO) to enforce this suspension and urged the public to report social media posts that depict violations of traffic laws. He stated that there will be

Washington D.C.: Officials from the Department of Finance (DOF) met with senior representatives of the United States International Development Finance Corporation (DFC) to outline shared priorities for enhancing private sector investments throughout the Philippines. According to Philippines News Agency, the meeting took place on April 22, 2025, in Washington D.C., alongside the World Bank – International Monetary Fund (WB-IMF) Spring Meetings, which ran from April 21 to 26, 2025. The DFC, a US government development finance institution, collaborates with the private sector to tackle significant challenges in emerging markets, focusing on sectors such as energy, healthcare, infrastructure, and technology. During

Manila: The Energy Task Force on Election (ETFE), led by the Department of Energy (DOE), has assured the public of uninterrupted power supply nationwide during the May 12 midterm polls. In a virtual briefing Monday, DOE Undersecretary Felix William Fuentebella stated that the energy sector is ‘fully prepared’ to provide stable electricity and fuel throughout the voting, transmission, and canvassing periods. According to Philippines News Agency, the ETFE, a multi-agency body led by the DOE, works closely with the Commission on Elections (Comelec) and security forces, including the Armed Forces of the Philippines, the Philippine National Police, and Bureau of