San Miguel: From Coal Dependence to Renewable Solutions

One of the coun­try’s largest elec­tric­ity pro­duc­ers—one that is heav­ily re­liant on coal—sur­prised mar­ket watch­ers re­cently by an­nounc­ing a strate­gic shift away from the cheap but en­vi­ron­men­tally dam­ag­ing power source. At the same time, San Miguel Corp. (SMC) said it would be adding re­new­able en­ergy to its power port­fo­lio, us­ing tech­nolo­gies that would sig­nif­i­cantly cut…

bicycle lane in red

SMC Bulacan ‘aerocity’ to have bike highways integrated with train system

San Miguel Corp.’s (SMC) P740-billion airport and mixed use development being built in Bulacan will incorporate sustainable and environmentally friendly features that will address the shortcomings of current urban centers, including a proposal to integrate a “bicycle highway” with a train system. Thus said company president Ramon Ang, who on Tuesday said the country’s largest…

qr code, quick response code, scanning

Payments via BSP-backed QR code standard surged amid pandemic

Retail financial transactions executed through the central bank-backed national quick reaction (QR) code standard have increased dramatically in recent months as the pandemic pushed more people toward contactless payment schemes, according to the central bank. In an online briefing, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said person-to-person payments using the “QR Ph” system —…

hands, smartphone, barcodes

QR code payments gaining traction among Filipinos, says BSP

Filipinos are becoming increasingly comfortable with using so-called QR or “quick reaction” codes when paying for purchases or making money transfers from one person to another—a sign that the “cash heavy” local economy is well on its way to “cash light” one. In particular, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno pointed to the…

city, window, architecture

PH banks strong, ready to fund economic rebound, says Diokno

The Philippine economy is well positioned for a sharp rebound after the coronavirus pandemic, thanks to structural reforms implemented after previous crises, especially in the banking system, according to the country’s chief financial regulator. In particular, Philippine banks are strong enough to weather the downturn brought about by the COVID-19 crisis due to their sufficient…

container, van, export

PH business owners more upbeat for 2021, BSP survey shows

Filipino business owners are more upbeat about their prospects over the next 12 months as the economy began to adapt to the new economic landscape of the coronavirus pandemic, according to the central bank. In a press briefing on Thursday, officials of the Bangko Sentral ng Pilipinas (BSP) said the outlook on the country’s economy…