The Energy Regulatory Commission (ERC) has approved an upward adjustment in the feed-in-tariff allowance (FIT-All) rate, effective March 2025. This, the ERC said, ensures the sustainability of renewable energy (RE) incentives, with the new rate increasing by P0.0351 per kilowatt hour (kWh) for consumers in on-grid areas.
Customs chief Bienvenido Y. Rubio said over the weekend that significant personnel changes will occur if investigations confirm that Bureau of Customs (BOC) staff members were involved in the attempted resale of P270 million worth of seized contraband cigarettes from Capas, Tarlac.
The Bangko Sentral ng Pilipinas (BSP) has celebrated the country's removal from the Financial Action Task Force’s (FATF) grey list, a significant milestone in the country’s financial reforms in combating money laundering and terrorism financing. The FATF’s recent statement confirms that the Philippines has addressed critical deficiencies in its anti-money laundering (AML) and counter-terrorism financing (CFT) framework.
The Bangko Sentral ng Pilipinas (BSP) has determined that the inflation and liquidity dynamics is such that the monetary board reduced the banks' reserve requirement ratios (RRRs) by 200 basis points (bps) beginning 28 March 2025.
The country’s overall balance of payments (BOP) posted a higher deficit of USD4.1 billion in January, compared to the USD740 million deficit recorded in the same period last year. The Bangko Sentral ng Pilipinas (BSP) attributed this development primarily to its net foreign exchange operations and the national government’s drawdowns from foreign currency deposits to meet external debt obligations.
Oasis Hotel, a long-standing hospitality landmark in Angeles City, Pampanga, is stepping up its digital offerings through a new partnership with Converge Global Business, the enterprise arm of Converge ICT Solutions Inc. The collaboration will bring Converge’s advanced connectivity and hospitality platform, Content Plus, to the hotel—boosting in-room entertainment, digital services, and overall guest experience.
Philippine Airlines has resumed its seasonal nonstop service between Manila and Sapporo, operating from November 24, 2025 to March 27, 2026. The route, flown every Monday, Wednesday, and Friday on a 168-seater Airbus A321neo, aims to capture strong winter travel demand between the Philippines and Japan.
The Department of Transportation (DOTr) has begun acquiring properties for the Mindanao Railway Project (MRP), marking a major step toward the long-delayed construction of the region’s first railway system.
Asians are living longer, but many still struggle to feel financially secure in later life, according to the 2025 Financial Resilience and Longevity Report from Manulife Wealth and Asset Management. The study, covering Hong Kong, Malaysia, Indonesia and the Philippines, found that most people prioritize quality of life over extended lifespans.