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Bill paves way for alternarive data use and new consumer body to boost financial inclusion
Lawmakers have filed a measure seeking to create the country’s first formal system for consumer-controlled financial data sharing, alongside a new independent commission, to help millions of Filipinos prove their credit standing and gain easier access to financial services.
GoTyme ties up with PSA for National ID system link
GoTyme Bank has partnered with the Philippine Statistics Authority to become one of the first local banks to connect directly to the National ID Authentication Services. This integration lets customers open accounts in as fast as five minutes without scanning or uploading physical papers. Instead, they may use their PhilSys ID QR code, card number, or basic name and birth details for real-time, official checks. The move removes common hurdles that keep many Filipinos from accessing banking services, supporting the bank’s goal of easier, more inclusive finance for all.
YGC unit taps Lopez Group for Batangas-Laguna exploration project
Maibarara Geothermal Inc. (MGI) has signed a deal with Lopez Group affiliate ThermaPrime Drilling Corp. to carry out exploratory drilling across Batangas and Laguna from 2026 to 2027. Led by the Yuchengco group, MGI said the work will check untapped areas for possible new geothermal power facilities. The project will involve up to four wells drilled to depths of up to 3,000 meters, with operations set to begin in October this year and finish by May 2027. MGI currently runs a 32-megawatt geothermal plant in Batangas.
Aboitiz Power profit leaps 41% on higher energy prices, new clean energy assets
Aboitiz Power Corporation reported a 41 percent increase in core net income for the first six months of 2026, reaching P18 billion compared to P12.8 billion recorded in the same period last year. The company shared these figures in a disclosure filed with the Philippine Stock Exchange on Wednesday.
Meralco first half net income rises 3.8% to P26.5 billion even as energy sales edge lower
The Manila Electric Company, or Meralco, reported a 3.8 percent increase in its consolidated core net income for the first six months of 2026, reaching P26.5 billion from the P25.5 billion recorded in the same period last year. The company shared these figures at a briefing held on Wednesday, noting the growth came even as overall energy sales saw a slight decline.
DOE targets electricity theft to cut power bills as Meralco warns of massive losses
The Department of Energy is eyeing immediate measures to curb electricity pilferage as part of the government’s push to remove system loss charges from consumer bills, though major industry players warn the plan could carry a massive price tag.
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Bill paves way for alternarive data use and new consumer body to boost financial inclusion
Lawmakers have filed a measure seeking to create the country’s first formal system for consumer-controlled financial data sharing, alongside a new independent commission, to help millions of Filipinos prove their credit standing and gain easier access to financial services.
GoTyme ties up with PSA for National ID system link
GoTyme Bank has partnered with the Philippine Statistics Authority to become one of the first local banks to connect directly to the National ID Authentication Services. This integration lets customers open accounts in as fast as five minutes without scanning or uploading physical papers. Instead, they may use their PhilSys ID QR code, card number, or basic name and birth details for real-time, official checks. The move removes common hurdles that keep many Filipinos from accessing banking services, supporting the bank’s goal of easier, more inclusive finance for all.
YGC unit taps Lopez Group for Batangas-Laguna exploration project
Maibarara Geothermal Inc. (MGI) has signed a deal with Lopez Group affiliate ThermaPrime Drilling Corp. to carry out exploratory drilling across Batangas and Laguna from 2026 to 2027. Led by the Yuchengco group, MGI said the work will check untapped areas for possible new geothermal power facilities. The project will involve up to four wells drilled to depths of up to 3,000 meters, with operations set to begin in October this year and finish by May 2027. MGI currently runs a 32-megawatt geothermal plant in Batangas.
Aboitiz Power profit leaps 41% on higher energy prices, new clean energy assets
Aboitiz Power Corporation reported a 41 percent increase in core net income for the first six months of 2026, reaching P18 billion compared to P12.8 billion recorded in the same period last year. The company shared these figures in a disclosure filed with the Philippine Stock Exchange on Wednesday.
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Bill paves way for alternarive data use and new consumer body to boost financial inclusion
Lawmakers have filed a measure seeking to create the country’s first formal system for consumer-controlled financial data sharing, alongside a new independent commission, to help millions of Filipinos prove their credit standing and gain easier access to financial services.
GoTyme ties up with PSA for National ID system link
GoTyme Bank has partnered with the Philippine Statistics Authority to become one of the first local banks to connect directly to the National ID Authentication Services. This integration lets customers open accounts in as fast as five minutes without scanning or uploading physical papers. Instead, they may use their PhilSys ID QR code, card number, or basic name and birth details for real-time, official checks. The move removes common hurdles that keep many Filipinos from accessing banking services, supporting the bank’s goal of easier, more inclusive finance for all.
YGC unit taps Lopez Group for Batangas-Laguna exploration project
Maibarara Geothermal Inc. (MGI) has signed a deal with Lopez Group affiliate ThermaPrime Drilling Corp. to carry out exploratory drilling across Batangas and Laguna from 2026 to 2027. Led by the Yuchengco group, MGI said the work will check untapped areas for possible new geothermal power facilities. The project will involve up to four wells drilled to depths of up to 3,000 meters, with operations set to begin in October this year and finish by May 2027. MGI currently runs a 32-megawatt geothermal plant in Batangas.
Aboitiz Power profit leaps 41% on higher energy prices, new clean energy assets
Aboitiz Power Corporation reported a 41 percent increase in core net income for the first six months of 2026, reaching P18 billion compared to P12.8 billion recorded in the same period last year. The company shared these figures in a disclosure filed with the Philippine Stock Exchange on Wednesday.
Meralco first half net income rises 3.8% to P26.5 billion even as energy sales edge lower
The Manila Electric Company, or Meralco, reported a 3.8 percent increase in its consolidated core net income for the first six months of 2026, reaching P26.5 billion from the P25.5 billion recorded in the same period last year. The company shared these figures at a briefing held on Wednesday, noting the growth came even as overall energy sales saw a slight decline.
DOE targets electricity theft to cut power bills as Meralco warns of massive losses
The Department of Energy is eyeing immediate measures to curb electricity pilferage as part of the government’s push to remove system loss charges from consumer bills, though major industry players warn the plan could carry a massive price tag.
Eala stuns Zheng, handshake steals spotlight online
For all the breathtaking rallies Alex Eala and Zheng Qinwen produced in Washington, the most replayed moment lasted about two seconds. It wasn't Eala's fearless comeback. It wasn't Zheng's unraveling. It was...the handshake.
Gov’t seeks to turn local farm goods into premium global brands
The Philippines is moving to turn its top farm and fishery goods into well-regarded global brands, as the Department of Agriculture (DA) and the Intellectual Property Office of the Philippines (IPOPHL) sign a renewed partnership to help producers earn better prices, grow local sales, and strengthen overseas shipments. Signed on Wednesday, the updated Memorandum of Understanding (MoU) revises an earlier deal from 2018 and centers on geographical indications (GIs) as a key part of the administration’s drive to build a more competitive, value-focused, and export-driven agri-fishery sector.
Tala loans fuel growth for Filipino microbusiness owners
Accessible digital credit is becoming an increasingly important growth tool for the country's smallest entrepreneurs, with one in four Tala borrowers in the Philippines now using their loans to build or expand small businesses.
Shopee sharpens MSMEs focus with smarter seller tools
Shopee Philippines is sharpening its focus on helping Filipino micro, small and medium enterprises (MSMEs) grow online, expanding seller support programs as competition intensifies in the country's fast-growing e-commerce market.