Friday, 30 May 2025, 11:21 pm

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    ERC-approved FIT-all rate increase makes for more expensive electricity next month

    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.

    BOC vows accountability in post-seizure cigarette resale bid

    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.

    PH FATF grey list exit sets stage for econ growth, credit rating boost

    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.

    BSP unfreezes P300B in deposit reserves

    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.

    Weak peso, debt service burden push BOP into deficit in January

    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.

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    BSP sees May inflation slowing further, signals cautious policy path

    Inflation in the Philippines is expected to continue its downward trend in May, with the Bangko Sentral ng Pilipinas (BSP) projecting a year-on-year rate between 0.9 percent and 1.7 percent, the central bank said Friday.

    Robust 1Q keeps Converge on track for 2025 goals

    Converge ICT Solutions Inc. is holding firm on its 2025 earnings guidance following a robust first quarter, signaling continued confidence in its financial and operational trajectory.

    GCash powers Tanay’s digital shift in public transactions

    In a major step toward digital transformation, the Municipality of Tanay has partnered with GCash, the country's leading finance app, to launch the province’s first fully integrated digital payment system.

    AI with a Filipino Touch

    Globe Business has partnered with cloud consultancy firm Searce to introduce Google AgentSpace in the Philippines—an AI-powered platform designed to streamline enterprise workflows, significantly boost productivity, and advance digital transformation.

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