The Bangko Sentral ng Pilipinas (BSP) held steady its target reverse repurchase, or borrowing, rate at 5.75 percent at the monetary policy meeting Thursday and kept the interest rates on the overnight deposit and lending facilities unchanged at 5.25 percent and 6.25 percent, respectively. The decision comes as the central bank monitors the risks surrounding inflation and domestic growth amid heightened global policy uncertainty.
Transportation Secretary Jaime J. Bautista announced his resignation on Thursday, citing health concerns after more than two years of service under the Marcos administration. His resignation, effective at the end of office hours on February 21, 2025, marks the conclusion of a tenure where he described his role as both challenging and enriching.
The National Grid Corporation of the Philippines (NGCP) on Wednesday announced a 2.03 percent increase in its wheeling rate for the January billing period, affecting consumers when they receive their February electricity bills.
The Department of Agriculture (DA) is considering implementing a maximum suggested retail price (MSRP) for pork as early as next month to address rising pork prices in the Philippines.
First Gen Corp. chairman and CEO Federico R. Lopez (second from left) shares a light moment with four other members of the company’s board after their re-election during the company’s annual stockholders’ meeting on 29 May 2025. With him are (from left) director Manolo Michael T. De Guzman, president and COO Francis Giles B. Puno, and independent directors Alicia Rita L. Morales and Edgar O. Chua. Not in photo are re-elected directors Richard Raymond B. Tantoco, Manuel L. Lopez Jr., Elvira L. Bautista and Maria Presentation L. Abello, as well as new independent director Manuel I. Ayala. First Gen is a leading independent power producer in the Philippines. It operates a diverse portfolio of 32 power plants with a total installed capacity of 3,639 megawatts at the end of 2024. These facilities generate power across the Luzon, Visayas, and Mindanao grids, supporting the country’s energy needs.
The Department of Agriculture (DA) is intensifying efforts to modernize and safeguard the country's livestock, feed mill, and gamefowl industries, Agriculture Secretary Francisco P. Tiu Laurel Jr. said Thursday, in line with President Ferdinand Marcos Jr.’s goal of achieving food security and rural development.
Bank lending growth continued to moderate in April, mirroring a deceleration in domestic liquidity, according to the Bangko Sentral ng Pilipinas (BSP), which reaffirmed its commitment to maintaining monetary conditions aligned with price and financial stability objectives.
Mapúa Malayan Colleges Laguna (Mapúa MCL) has fully shifted its entire Cabuyao, Laguna campus to renewable energy through a partnership with ACEN Renewable Energy Solutions (ACEN RES), reinforcing its commitment to sustainability and climate action.