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.
Meralco PowerGen Corp. (MGen) renewable energy unit MGreen and affiliate Terra Solar Philippines Inc., have rated the Nueva Ecija-Bulacan solar project as the largest operational solar facility in the Philippines.
Environment Secretary Raphael Lotilla has called on the Department of Environment and Natural Resources (DENR) to play a more assertive role in upholding the country's maritime rights in the West Philippine Sea (WPS), emphasizing its key position in supporting national sovereignty.
Smart Communications Inc., in partnership with parent firm PLDT Inc., is reinforcing its cooperation with the government by actively supporting the Bayanihan SIM initiative—a program led by the Department of Information and Communications Technology (DICT) extending mobile connectivity to geographically isolated and disadvantaged areas (GIDAs).