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PBSP names IBM, Vivant executives as new trustees

Philippine Business for Social Progress (PBSP) has added IBM Philippines Country General Manager and Technology Leader Leo L. Capinpin and Vivant Corp. President Emil Andre M. Garcia to its board of trustees, bringing technology and infrastructure experience to the business-led social development group.

Group seeks WESM suspension in Visayas, Mindanao amid power crisis

The Power for People Coalition (P4P) urges the Energy Regulatory Commission to suspend Wholesale Electricity Spot Market operations in Visayas and Mindanao until supply stabilizes, to shield consumers from record spot rates—P18.59/kWh and P19.56/kWh respectively—announced this week.

ERC updates grid compliance rules for power plants to boost clarity and reliability

The Energy Regulatory Commission (ERC) has issued revised, more practical Grid Compliance Test (GCT) requirements for older power plants, offering a clear path for these facilities to prove they can operate safely and reliably within the national power grid. The new policy, announced Thursday, applies to legacy plants—those that began commercial operations before the Electric Power Industry Reform Act of 2001 was enacted.

BPI bags 8 FinanceAsia citations

The Bank of the Philippine Islands (BPI) cemented its standing as a regional leader with eight recognitions from FinanceAsia, topped by a Gold award as the Philippines’ Best Managed Financial Company in the 2026 Asia’s Best Companies Poll. This follows its record 2025 net income of ₱66.62 billion.

Security Bank aims for PSEi return within three years

Mid-sized lender Security Bank Corp. is setting its sights on a return to the benchmark Philippine Stock Exchange index (PSEi) within the next three years.

Just in

Luzon, Visayas co-ops seal 15-year power supply deals

Twenty-nine Luzon and Visayas electric cooperatives have secured long-term power supply agreements (PSAs) with six generation firms, ensuring stable electricity for millions, the National Electrification Administration (NEA) announced Thursday.

Meralco cites PNP support in curbing electricity theft

Manuel V. Pangilinan-led Manila Electric Company (Meralco) has recognized the Philippine National Police’s (PNP) support in addressing electricity theft as it pledged to sustain efforts to reduce system losses, particularly non-technical losses arising from illegal connections and power pilferage.

Maya goes for fully recycled plastic cards, launches Bukad  special edition

Maya has completed its shift to 100 percent recycled plastic for all newly produced wallet cards—beating its year-end target—while unveiling the nature-inspired Bukad Card with Filipino artist Raxenne Maniquiz.

ACEN RES to power ACS Laguna plants with 100% renewable energy

ACEN Corp.’s retail arm ACEN RES will supply 100 percent renewable energy—from solar, wind, and geothermal sources—to ACS Manufacturing’s two key Laguna facilities.
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