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“Optimize use of existing coal-fired infrastructure”

Coal-fired power plants will continue to provide the base load upon which electrical grids in the Philippines will provide in the next forty years unless a new power source is found, the Department of Energy (DOE) said.

“Taking care of reserve system key to ensuring uninterrupted power during La Nina”

The Department of Energy supports a prompt lifting of the mandate suspending the payment of billions of pesos worth of electricity generated by companies...

Discounted rice sale of only P29 a kilo muster NFA Council approval

The National Food Authority (NFA) Council is selling aging buffer rice stocks via the various Kadiwa rolling stores for only P29 a kilo. 

Rice, corn output seen lower in 2Q on El Nino impact—PSA estimates

Rice and corn production is projected to have dropped in the second quarter, with water shortage caused by El Nino reducing both yield and areas cultivated for the important grains, the latest estimates from the Philippine Statistics Authority showed. 

Four-month remittances aggregate $12 billion

The personal remittances of overseas Filipinos, an important source of foreign exchange for the Philippines, grew by 2.8 percent in the first four months this year to USD 12.01 billion, the Bangko Sentral ng Pilipinas reported on Monday.

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NNIC remits P78B to government, invests P6.8B in NAIA overhaul

New NAIA Infra Corp. (NNIC) has remitted P78 billion to the national government and poured P6.8 billion into rehabilitation and modernization works at the Ninoy Aquino International Airport (NAIA) since taking over operations of the country’s main gateway on September 14, 2024, marking substantial early progress under the public-private partnership (PPP) framework.

Manulife, Chinabank renew bancassurance tie; MCBL marks new milestone

Manulife president and chief executive officer Phil Witherington visited Manila recently to meet with Chinabank’s executive leadership, highlighting the deepening long-standing bancassurance partnership between the two firms through Manulife China Bank Life Assurance Corporation (MCBL).

Ayala, BIR team up on AI-powered tax assistant

Ayala Corp. is bringing artificial intelligence into Philippine tax administration through a six-month partnership with the Bureau of Internal Revenue (BIR) to develop an AI-powered assistant designed to help revenue personnel find and verify tax rules faster.

Allianz PNB Life nearly doubles first-half new business

Allianz PNB Life (AZPNBL) nearly doubled new business in the first half of 2026, lifting the insurer to third place in the Philippine life insurance industry as it marked its 10th year of operations.

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