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DOE studies lower system loss charges ahead of EPIRA reforms

The Department of Energy (DOE) is exploring ways to reduce the system loss rates charged to electricity consumers while Congress deliberates amendments to the Electric Power Industry Reform Act (EPIRA), offering a near-term option to help ease power bills before broader legislative reforms take effect.

Marcos reopens Metro Manila for new PEZA IT hubs

President Ferdinand R. Marcos Jr. has reopened Metro Manila to new Philippine Economic Zone Authority (PEZA)-registered information technology parks and centers, easing a seven-year investment restriction while keeping the broader ban on other types of economic zones in the capital.

BPI clears merger to strengthen digital banking

The Bank of the Philippine Islands (BPI) has secured final regulatory approvals to merge two of its thrift banking subsidiaries, a move that underscores the lender's push to streamline operations, strengthen capital efficiency, and sharpen its digital banking strategy.

DOE urges dedicated power for Pax Silica data hub

The Department of Energy (DOE) is urging the proposed Pax Silica development to build its own power plant instead of drawing electricity from the Luzon Grid, warning that the project's massive energy demand could strain the country's main power network if left unaddressed.

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