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Saturday, 31 May 2025, 7:24 pm

    Banking & Insurance

    GSIS tops rating among gov’t agencies in anti-red tape survey

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    The Anti-Red Tape Authority (ARTA) has extended to the Government Service Insurance System (GSIS) the Silver Award representing the highest rating of 92.8 percent or “Very Satisfactory”, among 50 government agencies in the agency’s Report Card Survey (RCS) 2.0.

    New York court claims jurisdiction over Bangladesh Bank heist case vs RCBC

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    The Supreme Court of the State of New York has denied motions filed by Rizal Commercial Banking Corp. (RCBC) and its current and previous employees seeking to dismiss the suit initiated by Bangladesh Bank in connection with the 2016 cyber heist.

    BPI taps Euronet Worldwide to expand ATM Network into Southeast Asia

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    Ayala-led Bank of the Philippine Islands (BPI) has tapped Euronet Worldwide Inc., to enhance its ATM infrastructure to better serve customers who still rely on cash.

    BDO bags 2 major international awards for 2nd straight year

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    Sy-led BDO Unibank Inc. (BDO) was named Industry Champion of the Year and Top Sustainability Advocate in Asia, both for the second time at the 2022 Asia Corporate Excellence & Sustainability (ACES) Awards in Kuala Lumpur, Malaysia.

    Unlicensed preneed and insurance firms earn IC ire for unauthorized products

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    The Insurance Commission (IC) recently issued cease and desist orders (CDOs) against entities found to have conducted business without the necessary license. One of the...
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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Energy

    Meralco powers energy transition with grid modernization push

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    In a bold move underscoring its leadership in the Philippines’ energy transition, the Manila Electric Company (Meralco), led by business titan Manuel V. Pangilinan, is spearheading a comprehensive grid modernization initiative aimed at integrating distributed energy resources (DERs) seamlessly into its power distribution network.
    Corporate Bulletins

    Lopez-led First Gen holds annual stockholders’ meeting and board elections

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    First Gen Corp. chairman and CEO Federico R. Lopez (second from left) shares a light moment with four other members of the company’s board after their re-election during the company’s annual stockholders’ meeting on 29 May 2025. With him are (from left) director Manolo Michael T. De Guzman, president and COO Francis Giles B. Puno,  and independent directors Alicia Rita L. Morales and Edgar O. Chua. Not in photo are re-elected directors Richard Raymond B. Tantoco, Manuel L. Lopez Jr., Elvira L. Bautista and Maria Presentation L. Abello, as well as new independent director Manuel I. Ayala. First Gen is a leading independent power producer in the Philippines. It operates a diverse portfolio of 32 power plants with a total installed capacity of 3,639 megawatts at the end of 2024. These facilities generate power across the Luzon, Visayas, and Mindanao grids, supporting the country’s energy needs.
    Agriculture

    DA steps up effort to modernizes livestock, feed sectors

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    The Department of Agriculture (DA) is intensifying efforts to modernize and safeguard the country's livestock, feed mill, and gamefowl industries, Agriculture Secretary Francisco P. Tiu Laurel Jr. said Thursday, in line with President Ferdinand Marcos Jr.’s goal of achieving food security and rural development.
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