Manila Electric Co., the largest power distributor in the country, said Friday power rates will be lower in the February billing cycle on account of a net decline in the generation charge.
En Tsumugi is investing in a lithium-ion battery recycling facility in the Philippines, betting on growing demand for local capacity to recover critical minerals as the country’s electric vehicle and battery industries develop.
Security Bank Corp. has expanded its sanctions-screening coverage tenfold as it strengthens financial crime controls ahead of the Philippines’ next anti-money laundering mutual evaluation in 2027.
Global fintech Revolut is weighing a bigger push into the Philippine financial market, exploring digital banking and electronic money services as it looks to expand its cross-border payments business in the country.
Energy transition within Southeast Asia must keep pace with economic growth while allowing member states to pursue different routes based on their resources and circumstances, Energy Secretary Sharon Garin said Tuesday, as countries within the Association of Southeast Asia Nation faces surging power demand and mounting pressure to decarbonize.