Remittances climb 2.6% in March, reinforcing economic stability
Personal remittances from overseas Filipinos (OFs) rose by 2.6 percent year-on-year to USD3.13 billion in March this year, up from USD3.05 billion in March 2024, according to data released by the Bangko Sentral ng Pilipinas (BSP).
Palay prices continued decline in April
Palay prices declined further in April as the harvest season reached its peak and global rice prices remained lower compared to last year.
Globe leads PH telcos in responsible AI rollout
Globe Telecom is accelerating its adoption of Generative AI (GenAI) technologies across its operations, positioning itself as a leader in responsible and impactful AI deployment within the domestic telecommunications sector.
Digital Edge powers NARRA1 with hydroelectric energy
Digital Edge (Singapore) Holdings Pte. Ltd., a Stonepeak-backed data center operator, has partnered with the Philippines’ top renewable energy provider, First Gen Corp., to power its flagship NARRA1 data center with hydroelectric energy. The agreement marks a pivotal move in advancing green digital infrastructure in Southeast Asia.
ERC cracks down on 37 gencos over fuel data gaps
The Energy Regulatory Commission (ERC) has issued 40 show cause orders (SCOs) to 37 power generation companies (gencos), for failing to submit complete fuel data for the 2022 audit period—raising serious implications for transparency, cost recovery, and regulatory compliance in the domestic power sector.
