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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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FFCCCII turn classroom legacy into TikTok challenge

The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. is bringing its decades-long classroom donation program to TikTok in a bid to engage younger audiences. 

SM Hotels plates Ilonggo heritage with stories

In Iloilo, history does not just sit in museums it simmers in kitchens and SM Hotels and Conventions Corp. is happily stirring the pot.

Bank lending, liquidity growth signal steady credit conditions in January

Bank lending and money supply continued to expand in January 2026, indicating steady credit conditions in the financial system, according to the Bangko Sentral ng Pilipinas (BSP). The latest data show that while credit growth remains strong, the pace of expansion has slightly moderated.

DOE cracks down on fuel stations defying staggered price hikes; 55 show cause orders issued

The Department of Energy (DOE) has cracked down on fuel retailers that allegedly ignored the government-backed staggered fuel price increase scheme, issuing at least 55 show cause orders to stations suspected of irregular pricing practices.

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