ILOILO CITY — MORE Electric and Power Corporation is passing on relief to Ilonggo consumers with a reduction in electricity rates for May, despite upward pressure on global commodity prices stemming from the ongoing crisis in the Middle East. The residential rate for May is ₱11.8710 per kWh, down from ₱12.14 per kWh in April. The commercial rate falls to ₱11.00 per kWh from ₱11.27 last month. The movement in retail rates is primarily attributed to a lower transmission charge, which declined to ₱0.26/kWh versus the previous month. The system loss charge was also trimmed by ₱0.027/kWh, reflecting the transmission adjustment; overall system loss improved from 5.37% to 5.20%. On the other hand, the generation charge rose by ₱0.05/kWh due to higher coal prices and increased freight costs associated with imports. Inflation (CPI) and foreign exchange fluctuations also pushed generation costs upward. Prices in the Wholesale Electricity Spot Market likewise climbed to ₱4.47/kWh. Despite the upt...
Globe Telecom demonstrated remarkable business resilience and sharp execution in the first quarter of 2026, delivering solid year-on-year growth despite a challenging macroeconomic climate. Consolidated gross service revenues climbed 5% year-on-year to Php42 billion, fueled by the steady demand for digital and connectivity services. Data services remained the backbone of Globe's performance, accounting for 91% of total consolidated service revenues. Mobile data was a primary growth engine, surging 11% year-on-year to Php26.8 billion. Data traffic also expanded by 18% to 1,810 petabytes, driven by the heavy consumption of video, social media, gaming, and digital payments. This Q1 2026 performance stands as Globe’s second-highest quarterly revenue on record, maintaining the momentum from its peak in Q4 2025. It also marks one of the company's strongest starts to a year recently, with broad-based growth across mobile, broadband, and enterprise segments. The Essential Role of Conne...