PBSP names IBM, Vivant executives as new trustees
Philippine Business for Social Progress (PBSP) has added IBM Philippines Country General Manager and Technology Leader Leo L. Capinpin and Vivant Corp. President Emil Andre M. Garcia to its board of trustees, bringing technology and infrastructure experience to the business-led social development group.
Group seeks WESM suspension in Visayas, Mindanao amid power crisis
The Power for People Coalition (P4P) urges the Energy Regulatory Commission to suspend Wholesale Electricity Spot Market operations in Visayas and Mindanao until supply stabilizes, to shield consumers from record spot rates—P18.59/kWh and P19.56/kWh respectively—announced this week.
ERC updates grid compliance rules for power plants to boost clarity and reliability
The Energy Regulatory Commission (ERC) has issued revised, more practical Grid Compliance Test (GCT) requirements for older power plants, offering a clear path for these facilities to prove they can operate safely and reliably within the national power grid. The new policy, announced Thursday, applies to legacy plants—those that began commercial operations before the Electric Power Industry Reform Act of 2001 was enacted.
BPI bags 8 FinanceAsia citations
The Bank of the Philippine Islands (BPI) cemented its standing as a regional leader with eight recognitions from FinanceAsia, topped by a Gold award as the Philippines’ Best Managed Financial Company in the 2026 Asia’s Best Companies Poll. This follows its record 2025 net income of ₱66.62 billion.
Security Bank aims for PSEi return within three years
Mid-sized lender Security Bank Corp. is setting its sights on a return to the benchmark Philippine Stock Exchange index (PSEi) within the next three years.
