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ERC speeds up approvals, boosting power supply and energy security

The Energy Regulatory Commission (ERC) has issued nearly 4,300 compliance certificates and provisional operating authorities for power generation facilities in 2024, adding over 24,000 MW to the country’s energy requirement.

Philippines paves the way for Hong Kong’s tourism comeback

Hong Kong, on November 29, celebrated a major tourism milestone, welcoming its millionth visitor of the year from the Philippines.

WESM November prices edge up amid supply, demand shifts

The average price of electricity at the Wholesale Electricity Spot Market (WESM) posted a slight increase in November, latest data from the Independent Electricity Market Operator of the Philippines (IEMOP) show.

PhilCare partners with Globe Business to boost cybersecurity this holiday season

PhilCare, one of the Philippines' top health maintenance organizations (HMOs), has teamed up with Globe Business to enhance its cybersecurity measures, ensuring the safety and security of its members' personal information this holiday season.

InLife acquires Generali Life, strengthens position in Philippine market

Insular Life (InLife), the country’s largest and oldest Filipino-owned life insurance company, on Thursday announced its acquisition of 100 percent of Generali Life Assurance Philippines, Inc., marking a major expansion in the local insurance landscape.

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Subic EnerZone upgrading grid as Freeport demand rises

Subic EnerZone Corp., the AboitizPower-led electricity distributor at the Subic Bay Freeport Zone, is preparing network upgrades to accommodate rising power demand as the economic hub expands, following a 25-year extension of its partnership with the Subic Bay Metropolitan Authority (SBMA).

DA urges OFWs to explore agribusiness as extra or long-term income 

The Department of Agriculture encourages overseas Filipino workers (OFW) to look into agribusiness as a practical alternative source of income and sustainable livelihood for when they come back home to the Philippines.

Marcos vows to defend peso as oil-driven inflation pressures economy

President Ferdinand Marcos Jr. has vowed to use the government’s available foreign exchange reserves and policy tools to defend the peso against further depreciation, while acknowledging that surging oil prices and supply-side constraints continue to fuel inflation.

Palawan Group, RFC widen loan access via new partnerships

The Palawan Group of Companies (PGC) and Radiowealth Finance Company (RFC) are expanding their partnership to simplify loan disbursements and repayments, combining branch-based services with digital payments to reach more Filipino borrowers.
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