Philippines’ removal from FATF Grey List: A fresh start
After years of playing catch-up, the Philippines is finally off the Financial Action Task Force ’s Grey List. It’s like stepping out of a dimly lit room into the sun, but don’t get too comfortable. Sure, the weight’s off—this is a breath of fresh air—but don’t think for a second that the hard work is over; it is just beginning.
SMGP pursuing P52.7B power expansion project
San Miguel Global Power (SMGP), a key player in the energy sector, is moving forward with plans to add up to 3,320 megawatts (MW) of power capacity by 2028, with an estimated investment of at least P52.7 billion.
ERC-approved FIT-all rate increase makes for more expensive electricity next month
The Energy Regulatory Commission (ERC) has approved an upward adjustment in the feed-in-tariff allowance (FIT-All) rate, effective March 2025. This, the ERC said, ensures the sustainability of renewable energy (RE) incentives, with the new rate increasing by P0.0351 per kilowatt hour (kWh) for consumers in on-grid areas.
Over 4,500 MW power projects seek grid connection
A number of power generation and energy storage system (ESS) projects totaling 4,531.82 megawatts (MW) and 40 megawatt hours (MWh) in storage have applied for grid connection with the National Grid Corporation of the Philippines (NGCP) in January, according to the Department of Energy (DOE).
Cebu Pacific launches Southeast Asia’s first generative AI agent for customer support
Cebu Pacific has partnered with Ada, an AI customer service leader, to introduce its first generative AI agent, making it the first Southeast Asian airline to fully integrate this advanced technology into its customer support operations. The collaboration aims to enhance customer experiences across multiple touchpoints by delivering real-time, personalized, and human-like support.
