Security Bank has named Victor Lee Meng Teck as its incoming president and chief executive officer (CEO), effective in early January 2026. Lee, a seasoned Singaporean banker with over 30 years of experience, will succeed Sanjiv Vohra, who has led the bank through significant transformation during his tenure.
The proposed safeguard duty on imported cement is drawing strong support from industry and business groups, who claim it will not trigger price hikes but is essential to protecting the local cement industry and jobs.
The Government Service Insurance System (GSIS) celebrated History Month with a vibrant Historians’ Fair from August 7 to 9, 2025, at its Pasay City gymnasium.
The Department of Agriculture (DA) welcomed the House of Representatives’ approval on Monday of its proposed P216.1 billion budget for 2026—a P39.4 billion increase from the original P176.7 billion allocation.
Carmen’s Best, the homegrown dairy darling best known for its rich, creamy ice cream, is churning out growth in all directions—now with farms and facilities stretching from Luzon to Mindanao.
The Department of Energy (DOE) has formally terminated the Geothermal Renewable Energy Service Contract for the Montelago project in Oriental Mindoro, citing the failure of Mindoro Geothermal Power Corp. (MGPC) to meet key development milestones.
The National Grid Corporation of the Philippines (NGCP) has reduced its overall average transmission rate by 1.23 percent for the September 2025 billing period, which will reflect in customers' October bills. The rate now stands at P1.3998 per kilowatt hour (kWh), down from P1.4171/kWh in August.
The Department of Energy (DOE) expressed optimism that the Philippines stands to benefit from strengthened regional collaboration in the energy sector, as the country actively participates in the ongoing ASEAN Ministers on Energy Meeting (AMEM) in Malaysia.