ECCP at Work

SEC Chair Lim says governance to drive capital market growth

Good governance is key to capital market growth and retaining investor confidence, the Securities and Exchange Commission (SEC) said on Monday, as the Philippines faces local and external headwinds this year.

Bill to scrap travel tax progresses

A House of Representatives committee on Monday approved a proposal to abolish the Philippines’ travel tax that critics say is burdensome and adds costs for Filipino overseas travelers.

Fixes needed to keep IT-BPM lead

The country’s position as a global Information Technology and Business Process Management (IT-BPM) hub will depend less on past gains and more on swift policy fixes, the Information Technology and Business Process Association of the Philippines (IBPAP) said.

DOE issues new system for power generation resources

The Department of Energy (DOE) on Monday released a new policy that introduced a unified categorization of power generation resources meant to enhance the sufficiency of generation and ensure the adequacy and reliability of electric power supply across the grid and distribution systems.

DOTr opens P1.75B airport projects bidding

The Department of Transportation (DOTr) has opened bidding for five airport development projects nationwide worth a combined P1.75 billion, aimed at strengthening regional connectivity and upgrading aviation infrastructure.

Further easing seen amid growth woes

The Bangko Sentral ng Pilipinas (BSP) may extend its easing cycle this year to provide the Philippine economy with more support as lingering uncertainty continues to test consumer and business confidence, analysts said.

PHL might miss digital payments targets, says BSP

The Philippines might fail to reach its payments digitalization targets by 2028 as the Bangko Sentral ng Pilipinas (BSP) noted that progress has been slow amid worries over emerging cyber risks.

ERC raises ceiling price for offshore wind auction

The Energy Regulatory Commission (ERC) has raised the ceiling price for the country’s first offshore wind auction to P11 per kiloWatt-hour, higher than the initially floated P10.3859 per kWh.

Lopez: Rapid bus transit, railway and ports in Cebu among DOTr’s priorities

The Department of Transportation (DOTr) is prioritizing projects in Cebu that will benefit commuters and spur economic growth in the region, Transportation Secretary Giovanni Lopez has assured the public.

DTI eyes stronger MSME gains from trade fairs

The Department of Trade and Industry (DTI) is aiming to achieve higher sales from trade fairs this year as part of efforts to support micro, small and medium enterprises (MSMEs).