Bank of Commerce appoints veteran banker Abacan to board
Bank of Commerce, the country’s 15th largest lender and a member of the San Miguel Group, said its board has elected Antonio Abacan Jr. as an independent director to serve the unfinished term of Rebecca Maria Ynares, who has resigned.
House installs new budget, rules, and quad committee chairs
In a major reorganization to boost legislative efficiency, the House of Representatives on Tuesday elected new leaders to several powerhouse committees, including Appropriations, Rules, and the Quad Committee cluster.
Mind the gap: widening insurance shortfall poses national risk
The Philippines faces a large insurance protection gap that continues to expand, leaving the vast majority of its population financially vulnerable to life and health risks. According to the Philippine Life Insurance Association (PLIA), over 98 percent of insurable risks across life and property remain unprotected—an exposure estimated to be worth ₱24 trillion, or roughly ₱1.17 million per household.
From rice fields to power deals: SONA fuels economic debate
In his State of the Nation Address (SONA), President Ferdinand Marcos Jr. spotlighted contentious issues surrounding rice prices, tariff adjustments, and cash incentives for farmers—drawing mixed reactions across sectors—and coinciding with intensifying competition in the power sector, particularly in Batangas.
Batangas power shift: Meralco JV, Razon rival plan in play
In a landmark move with major corporate and commercial implications, a proposal has emerged to convert the Batangas I Electric Cooperative (BATELEC I) into a stock corporation under a joint venture with Manila Electric Company (Meralco).
