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NEA extends over P800M loan to electric cooperative

The National Electrification Administrations (NEA) has extended electric cooperative loans aggregating more than P800 million as of end-August this year.

GoTyme bank partners with Uncle John’s

The digital lender GoTyme Bank has partnered with the Go family-led convenience store chain Uncle John’s. This expands the bank’s deposit and withdrawal footprint just as it hits the one million customer mark in less than a year from the start of its operations. 

Corporate infraction penalty schedule 900 percent more expensive

The Securities and Exchange Commission (SEC) has made it more compelling for corporations to heed its admonitions by raising its penalty schedule for corporate infractions a hefty 900 percent. 

Marcos price cap brings down cost of Vietnam rice exports

President Ferdinand Marcos Jr.’s imposition of a cap in the retail price of rice rolled back cost of the grain in Vietnam, posting their biggest price declines last week since the increases following the decision of India to ban export of certain rice varieties in July.

NTC proposes SUF-free status for telcos offering free wifi in public places

The National Telecommunications Commission (NTC) is planning to remove the spectrum users fee (SUF) for telecom companies deploying free wifi services in public places.

Just in

Aboitiz-Delgado becomes first woman president of Bankers Association of the Philippines

Ana Maria Aboitiz-Delgado, president and CEO of Union Bank of the Philippines, has been elected president of the Bankers Association of the Philippines (BAP), becoming the first woman to lead the group in nearly 80 years.

Philippines weighs looser fuel rules

Facing volatile oil prices and rising energy security risks, the Philippine government is considering a temporary loosening of fuel standards to widen supply sources and ease costs.

Oil surge rattles peso, tests policy

The Philippine peso is back under pressure as surging oil prices and geopolitical strains jolt global markets, sharpening the policy dilemma for the Bangko Sentral ng Pilipinas (BSP).

Maharlika Fund eyes Iligan steel revival

The Philippine government is weighing the use of the Maharlika Investment Corporation to jump-start the redevelopment of the long-idle former National Steel Corporation (NSC) site in Iligan City, a 500-hectare property seen as a potential anchor for a new industrial and investment hub.
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