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.
ABS-CBN Entertainment has become the most subscribed media and entertainment YouTube channel in Southeast Asia in 2025, highlighting its strong connection with Filipino and global viewers. The channel reached 54.5 million subscribers, based on data from Tubular and YouTube Analytics.
Megafunalo, the online gaming platform of Bloomberry Resorts Corp. led by billionaire Enrique K. Razon Jr., has launched its own line of Filipino-themed digital arcade games, tapping local culture to attract more players.
Avida Land Inc., a subsidiary of Ayala Land Inc., will spend P3.1 billion to develop The Heights Katipunan, a condominium project aimed mainly at students and investors, in Quezon City. The project will rise on a 1,833-square-meter site along Katipunan Avenue, near Ateneo de Manila University and Miriam College.
The Bureau of Internal Revenue (BIR) is rebooting its audit regime, promising fewer surprises and more predictability for taxpayers as field audits officially resume.