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.
ACEN Corp., the green energy arm of the Ayala Group, said its wholly-owned unit, ACEN Australia, has secured access rights to the Central West-Orana Renewable Energy Zone (CWO REZ) for projects in New South Wales, which includes power generation from solar and wind energy.
The Investment & Capital Corporation of the Philippines (ICCP) has hailed the successful initial public offering (IPO) of Cebu-based Top Line Business Development Corp., calling it a milestone for regional business growth and capital markets in the Philippines.
The 55th WTCA Global Business Forum (GBF), hosted jointly by the World Trade Centers Association and WTC Marseille Provence, ignited critical discussion on global trade dynamics, with the European Union’s evolving role taking center stage amid shifting U.S. trade policy.
A Social Weather Stations poll, commissioned by Stratbase Group, revealed 4Ps and ACT-CIS leading party-list preferences just before elections. Conducted May 2-6 with 1,800 respondents, 4Ps topped with 7.67%, followed by ACT-CIS at 6.63%. Duterte Youth dropped to third with 5.88%, while Solid North Party rose to fourth (3.65%). LPGMA significantly jumped to fifth (3.04%), with Senior Citizens (2.69%), Ako Bicol (2.44%), Tingog (2.35%), FPJ Panday Bayanihan (2.14%), and Nanay (1.92%) rounding out the top ten.