Jed Macapagal

Manila

Business Reporter at Malaya Business Insight

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Articles

DOE sees less-than-P1 power costin 2050 with renewable energy plants

2 days ago | malaya.com.ph | Jed Macapagal

The Department of Energy (DOE) expects power rates to drop below P1 per kilowatt-hour (kWh) by 2050 if all capacities under five rounds of the Green Energy Auction (GEA) Program come online. DOE Undersecretary Rowena Cristina Guevara said such projections were shown by a simulation conducted by the Independent Electricity Market Operator of the Philippines (IEMOP).
DA warns public vs smuggled onions with E. coli

3 days ago | malaya.com.ph | Jed Macapagal

The Department of Agriculture (DA) has warned the public against buying smuggled onions after samples collected last week from the Paco Public Market in Manila tested positive for E. coli. “This is a food safety issue and a clear threat to public health… We will order the confiscation of those onions as required under the Food Safety Act of 2013,” Agriculture Secretary Francisco Tiu Laurel Jr. said in a statement on Wednesday. Some E.
Local oil players cautiously await global market volatility to pass

4 days ago | malaya.com.ph | Jed Macapagal

Local petroleum players remain cautious of the cost of their operations as geopolitical tensions, particularly in the Middle East, and price swings continue to unsettle global fuel markets. Leo Bellas, president of Jetti Petroleum Inc., said on Tuesday that while global crude prices have softened—based on Monday’s Mean of Platts Singapore (MOPS) indicators—a hike in domestic pump prices is still projected for next week.
PH seizes P2M smuggled red onions from China

4 days ago | malaya.com.ph | Jed Macapagal

The Department of Agriculture (DA) said on Tuesday 25 metric tons of smuggled red onions worth P2 million have been intercepted by its Bureau of Plant Industry (BPI) and with the Bureau of Customs (BOC) in Misamis Oriental. The shipment with an estimated customs value of around P2 million was discovered at the Mindanao International Container Terminal in Misamis Oriental on June 11, the DA said in a statement.
STAGGERED FUEL PRICE INCREASES BEGIN TODAY

5 days ago | malaya.com.ph | Jed Macapagal

Local fuel retailers agree to delay full impact on consumersMajor domestic fuel retailers will implement staggered increases in fuel prices beginning today, June 24, in response to a Department of Energy (DOE) request to cushion the impact of surging global oil costs on Filipino consumers. Petron, Shell and Seaoil will raise pump prices from 6 am Tuesday by P1.75 per liter for gasoline, P2.60 for diesel, and P2.40 for kerosene, followed by a second round of similar hikes on Thursday, June 26.
DA delays maximum retail price cut for imported rice

5 days ago | malaya.com.ph | Jed Macapagal

The Department of Agriculture (DA) said it will delay its plan to reduce the maximum suggested retail price (MSRP) for imported rice in July, citing growing volatility on global markets sparked by the escalating conflict in the Middle East. The DA previously planned to lower the MSRP for the 5-percent broken imported rice from P45 to P43 per kilo starting July 1.
Meralco unit renews, expands power supply deal with Gokongweis - Malaya Business Insight

5 days ago | malaya.com.ph | Jed Macapagal

The Manila Electric Co. (Meralco), through its local retail electricity supply subsidiary, MPower, has renewed and expanded its partnership with the Gokongwei Group. Under the new contract, MPower is expanding its service to a number of JG Summit companies, namely Robinsons Land Corp., Cebu Pacific, Universal Robina Corp., JG Summit Olefins Corp., and RL Commercial REIT Inc., Meralco said in a statement on Monday. The parties did not specify the capacity and rates involved in the partnership.
BIGGER OIL PRICE HIKES FEARED AS US JOINS ISRAEL-IRAN WAR

6 days ago | malaya.com.ph | Jed Macapagal

DOE, fuel retailers huddle to find ways to soften local blowEnergy officials and oil industry executives are set to meet today, June 23, to explore ways to mitigate the domestic impact of a potential oil price surge, following the United States’ direct involvement in the Israel-Iran conflict.
DA optimistic PH agri sector to post better Q2 growth

6 days ago | malaya.com.ph | Jed Macapagal

The Department of Agriculture (DA) expressed confidence in a better second-quarter performance by the Philippine agriculture, saying that improved weather conditions and stronger, more timely interventions have driven a significant rise in rice and corn production.
DA: Bill pushing more NFA powers ready for Congress study

6 days ago | malaya.com.ph | Jed Macapagal

The Department of Agriculture (DA) said it has been putting the final touches on a draft bill that would restore critical functions of the National Food Authority (NFA) in stabilizing rice supply and prices in the country. The DA said in a statement on Sunday the draft bill will be central to securing the national buffer stock and in stabilizing palay farmgate prices as well as rice retail prices.