Auto parts makers sound alarm bells after budget veto
Philippine auto parts manufacturers are warning that the veto of funding for the Comprehensive Automotive Resurgence Strategy (CARS) could accelerate the decline of the country’s already fragile automotive manufacturing sector.
SRA requires local purchase before allowing molasses imports
The Sugar Regulatory Administration (SRA) has issued an order requiring buyers to first purchase locally produced molasses before they are allowed to import supplies.
Lender’s earned wage access program hits P1.8 billion
Ayala-led Bank of the Philippine Islands (BPI has released P1.81 billion under its Salary On-Demand and Sweldo On the Spot services as of end-2025.
Power spot prices rise 10.1% in December
Electricity prices at the Wholesale Electricity Spot Market (WESM) rose by 10.1 percent in December, driven mainly by higher power demand in the Visayas and Mindanao, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed.
ABB powers PH’s first AI-ready hyperscale data center
ABB is supplying a full electrification system for VITRO Santa Rosa, the Philippines’ first AI-ready hyperscale data center, located in Laguna. The 50-megawatt facility is designed for high reliability, energy efficiency, and future AI growth, as the country becomes one of the world’s fastest-growing data center markets.
