Globe Telecom saved more than ₱510 million on energy in 2025 by using efficient network gear and AI tools. It rolled out 20,800 new green tech items under its Green Network program to cut electricity use. AI adjusts cell site power and cooling, while better batteries and server setup also help. The firm said sustainability and efficiency work together, and its innovations can aid cities and government goals under RA 12009. More investments in green, AI, and IoT tech are planned.
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Banking & Insurance
BSP clarifies Circular 1238: Fair pricing guideline, not zero-fee rule
FinTech Alliance PH has welcomed clarification from the Bangko Sentral ng Pilipinas (BSP) regarding Circular No. 1238, saying the update brings much-needed regulatory certainty to the digital financial services sector and aligns with shared goals of making digital payments affordable, secure, and sustainable. Following productive talks between BSP Monetary Board members and alliance representatives, the central bank confirmed the circular sets out cost-based fair pricing guidelines and does not impose a requirement to scrap all fees. The BSP made clear that financial institutions and payment service providers are not required to remove electronic fund transfer fees entirely, nor are off-network person-to-person transfer charges limited strictly to technical switch costs. It also noted that Frequently Asked Question No. 7 should not be treated as a rigid rule allowing only switch-cost pricing.
Economy
Inflation, weak growth test BSP’s next policy move
Sluggish economic growth and stubborn inflation are expected to keep the Bangko Sentral ng Pilipinas (BSP) in a policy bind later in August, as fresh data are likely to show the economy remained soft in the second quarter while price pressures persisted.
Transport & Logistics
PAL raises additional $50 million to fund fleet upgrade and route expansion
The Philippine Airlines, Inc. (PAL), led by the Lucio Tan group, is raising an extra $50 million to support its fleet modernization efforts and expand its international flight network.
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