The Governance Commission for GOCCs (GCG) has shuttered a government-owned and/or -controlled corporation (GOCC) established by former President Ferdinand E. Marcos Sr. to design an airplane—but which failed to do so in its 50 years of existence. In a memorandum order dated May 7, the GCG gave...
true> false> Senator-elect Christopher “Bong” Go said he will prioritize measures that would increase the budget for the country’s sports sector, saying the honor athletes bring to the country is incomparable to the relatively small funding the sector receives. false> We should also further...
The Insurance Commission (IC) reported that the health maintenance organization (HMO) industry’s total net income surged by 84.4 times—or by over half a billion pesos—in the first quarter of 2025 compared to the same period last year, driven by a sharp increase in membership fee income. The...
The Energy Regulatory Commission (ERC) has issued a total of 40 show-cause orders to 37 generation companies (GenCos) after they failed to submit complete fuel purchase documents. These documents are necessary to ensure fair electricity prices charged to consumers. In a statement, the ERC said that...
Consumers will experience lower electricity bills in May, brought by lower transmission and ancillary service (AS) rates, according to National Grid Corporation of the Philippines (NGCP). In a briefing on Wednesday, May 14, NGCP’s business and regulatory development head Julius Ryan Datingaling...
The Energy Regulatory Commission (ERC) reported that generation rates have significantly gone down for the first quarter of 2025 due to lower prices in the Wholesale Electricity Spot Market (WESM). In a statement, the ERC noted that generation charges, which are the cost of generated electricity...
Clark International Airport Corp. (CIAC) has remitted ₱282 million in dividends to the Bureau of the Treasury (BTr), its highest remittance to the national government yet. CIAC, the aviation and land development arm of the state-run Bases Conversion and Development Authority (BCDA), said these...
SINGAPORE—The Philippine government is currently sharpening its next climate battle plan that will anchor its third round of nationally determined contributions (NDC 3.0) submission ahead of the COP30 Climate Change Summit slated at the Amazonian city of Belem in Brazil by November this year. In...
The Office of the President recognized the Securities and Exchange Commission (SEC) for its role in the Philippines’ exit from the grey list of global financial crimes watchdog Financial Action Task Force (FATF). In a ceremony at the Malacañan Palace, President Marcos, together with Executive...
Beginning May 13, a day after the midterm elections, Filipinos can purchase ₱20-per-kilo rice at a dozen Kadiwa ng Pangulo (KNP) stores across Metro Manila and nearby provinces. The Department of Agriculture (DA) earlier launched the pilot program of the government’s ₱20 rice program on May 1...
The National Grid Corporation of the Philippines (NGCP) has suspended all maintenance activities for substations and conducted obstruction clearing in areas near power and transmission lines in preparation for the 2025 midterm elections. According to the NGCP, this temporary halt on maintenance...
The Securities and Exchange Commission (SEC) has launched six new digital platforms and a modern data center that will enhance the delivery of its services to the public, as part of its efforts to improve the ease of doing business in the country. ` The Commission unveiled the fourth wave of its...
