Philippine electric cooperative reforms face critical review
The Philippine Competition Commission (PCC), in coordination with the National Electrification Administration (NEA), is calling for a careful reassessment of proposed reforms to the ownership structure of electric cooperatives (ECs), as legislative franchises near expiration over the next five years.
Community recycling drive in Palawan sets new record for GSMI program
Communities in Palawan collected more than 70,000 used bottles in six months through Ginebra San Miguel Inc.’s (GSMI) BOTEful Philippines program, marking the highest collection since the initiative started in 2017.
Salmon Bank names new leaders amid rapid growth
Salmon Bank has appointed new senior leaders as it pushes ahead with expansion after more than doubling its loan portfolio and assets in 2025.
Meralco lowers May power rates slightly
The Manila Electric Co. (Meralco) announced a modest decrease of P0.0151 per kWh in electricity rates for May, bringing the typical household rate to P14.3345 per kWh, down from P14.3496 in April.
BankCom posts strong 13% profit growth
Bank of Commerce (BankCom), the banking affiliate of diversified San Miguel Corp., sustained its earnings momentum through the first quarter, reporting an unaudited net income of P976.19 million, up 13 percent from P866.79 million a year earlier.
