DOE forms joint task force to lower electricity charges and remove extra charges
The Department of Energy (DOE) has established a new Joint Task Force alongside the Energy Regulatory Commission, the National Electrification Administration, and electric cooperatives to help remove system loss charges and related value-added tax from power bills. Energy Secretary Sharon Garin emphasized the administration's stance that consumers should only pay for the electricity they actually consume, rather than bearing the cost of losses they did not cause.
BPI simplifies account opening with national ID integration
The Bank of the Philippine Islands (BPI), in marking its 175th year as lender, rolled out a new feature making the opening of a bank account easier for all Filipinos. The improvement comes from a formal partnership with the Philippine Statistics Authority (PSA), marked by the signing of a subscription agreement that adopts the National ID Authentication Services (NIDAS) for the BPI app.
NEA releases P1.64 billion in loans to electric cooperatives in first half 2026
The National Electrification Administration (NEA) has disbursed P1.64 billion in loans to 23 electric cooperatives across the country for the first six months of 2026. This is 6.5 percent higher than the P1.54 billion released in the same period of 2025.
BSP Honors 15 Outstanding Partners in North Luzon
The Bangko Sentral ng Pilipinas recognized 15 outstanding institutional partners from North Luzon during its 2026 Outstanding BSP Stakeholders Appreciation Ceremony held in Baguio City today, July 30.
Housing approvals hit two-decade low, Colliers warns
The Philippines' housing pipeline is showing signs of strain, not because buyers have disappeared, but because fewer projects are making it through the regulatory process.
