BSP projects 5.7% to 6.5% inflation rate on June
The continued rise in oil prices and its impact on electricity rates is expected to drive mainly in June 2022 domestic inflation rate between 5.7 percent to 6.5 percent. In …
electricity
Removal of 12% VAT on power rates proposed
Agnes Devanadera, Chair of the Energy Regulatory Commission (ERC), raised the subject of double taxation on electricity with the incoming administration on Thursday, hoping to lower the high power tariffs …
Over 4 million Bicol region residents without electricity due to ‘Rolly’
More than 4 million residents of the Bicol region are without power supply today following typhoon Rolly’s ravages. Due to the strong winds and rain brought by Rolly last week, …