The Independent Electricity Market Operator of the Philippines (IEMOP) reported a substantial drop in electricity prices for January, driven by lower demand and increased supply. In a statement released on Tuesday, February 4, IEMOP said that the average electricity price in the Wholesale...
The Embassy of Japan in Manila has asked Filipino tourists to apply for Japanese visas at least two months in advance of their plans to give the embassy more time to process their applications. Filipino foodies touring Shinjuku's Omoide Yokocho, a narrow alleyway housing Izakaya and Yakitori joints...
State-owned Development Bank of the Philippines (DBP) must provide strong justification for its appeal to extend regulatory relief, according to a senior Bangko Sentral ng Pilipinas (BSP) official. Speaking to reporters on the sidelines of a two-day media information session in Baguio City, BSP...
The Senate has approved on third and final reading the measure prohibiting the export of raw minerals in a bid to develop local industries, create higher-value goods, and generate more jobs in the country. Senate Bill No. 2826, if signed into law, will take effect after five years,...
The Senate has adopted a resolution commemorating the life and legacy of veteran actress Gloria Romero, who passed away on January 25 at 91 years old. Senator Grace Poe, sponsor of Senate Resolution No. 1287, described Romero as a “cultural institution” when the measure was...
Philreca Party-list Rep. Presley de Jesus (left), Santa Rosa City lone district Rep. Dan Fernandez (PPAB) The Energy Regulatory Commission's (ERC) past "failure" to carry out a timely rate reset--which had been detrimental to...
The Senate has approved the bill resetting the first Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) elections from May 12 to October 13, 2025. Eighteen (18) senators voted in favor of Senate Bill No. 2942 under Committee Report No. 466; Senate Minority Leader Aquilino “Koko”...
The Commission on Audit (COA) has flagged the Armed Forces of the Philippines (AFP) over the more than P615 million "overpayments" of pension benefits to 7,210 deceased pensioners from 2014 to 2023. In its audit report, the COA thumbed down what it called as "long-outstanding and uncollected...
(From Left: DTI Undersecretary Atty. Allan Gepty, BCCP Executive Director/Trustee Chris Nelson, His Majesty’s Ambassador to the Republic of the Philippines and the Republic of Palau Laure Beaufils, Secretary Ma. Cristina Roque, ACG Founder and CEO Mon Abrea, PNB Economist and Research Division...
The National Museum of the Philippines (NMP) recently received a significant boost with a service donation from SM Development Corporation (SMDC), underscoring a milestone in the museum's history. The donation was formally accepted on January 31. From left: National Museum of the Philippines...
Aboitiz-led Union Bank of the Philippines (UnionBank) expects its profits to continue growing this year after reporting strong growth in net income for 2024 on the back of record revenues. “Our retail-focused strategy allowed us to book record-high top line revenues. We should see the continued...
Philippine Coast Guard (PCG) personnel hold a flag-raising activity onboard BRP Teresa Magbanua in the vicinity of Escoda Shoal in the West Philippine Sea on June 12, 2024 to commemorate the 126th Philippine Independence Day. (Photo by PCG) The National Security Council (NSC) and Armed Forces of...
