BSP secures conviction vs unregistered financial operators, closed bank officials
The Bangko Sentral ng Pilipinas (BSP) announced that several individuals linked to closed banks, money changing outlets, and pawnshop businesses have been convicted by various courts across the country, following BSP-led investigations and referrals for prosecution. These judgments, which include substantial fines and prison terms, underscore the regulator’s firm stance on upholding banking and financial laws, and carry significant implications for industry stakeholders and the general public.
ACMobility charging network expands as BYD sales surge
ACMobility has captured nearly half of the Philippines’ open-access electric vehicle charging network as it rapidly expands infrastructure alongside the surging sales of Chinese EV brand BYD.
Beverage group warns P20 tax could raise drink prices
A proposed P20 increase in the excise tax on sweetened beverages could push up drink prices and put further pressure on consumers and small retailers, the Beverage Industry Association of the Philippines (BIAP) warned.
Taiwan firms target PH energy, healthcare, farm gaps
Taiwanese companies are looking to expand in the Philippines by targeting gaps in energy, healthcare, agriculture, and digital infrastructure, with 125 firms showcasing technologies at Taiwan Expo 2026 in Manila.
ED Council approves key amendments to NSCR, MCIA PPP projects
The Economy and Development (ED) Council, which operates under the Department of Economy, Planning and Development (DEPDev) has given the green light to amendments covering the North-South Commuter Railway (NSCR) Operations and Maintenance (O&M) deal and the Mactan-Cebu International Airport (MCIA) public-private partnership (PPP) project, alongside adjustments to three major development programs and a review of class suspension rules.
