Sunday, 05 October 2025, 11:15 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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    In Memoriam: Xavier P. Loinaz (1940–2025) Visionary leader, banking pioneer, and beloved mentor

    The Bank of the Philippine Islands (BPI) mourns the passing of Mr. Xavier P. Loinaz, former president and CEO, whose visionary leadership helped shape not only the institution but the Philippine banking industry at large. He passed away in 2025, leaving behind a profound legacy of innovation, integrity, and service.

    SEC to expand definition of REIT-eligible assets

    The Securities and Exchange Commission (SEC) will broaden the definition of income-generating assets eligible for Real Estate Investment Trust (REIT) classification to encourage more property listings.

    St. Luke’s Medical Center to open ASEANA Hospital in 2031

    St. Luke’s Medical Center Inc. has postponed the opening of its third hospital in ASEANA, Paranaque, to 2031—two years later than the originally planned 2029 target.

    China Bank Savings sponsors P11M for National Teachers Month celebration

    China Bank Savings (CBS), the retail arm of China Bank Savings Corp., is providing a P11 million sponsorship for the National Teachers Month and National Teachers’ Day 2025 celebration held on October 6.

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