Friday, June 27, 2025
Think-Tank: Semirara Mining’s Tax Exemption TRO Sparks Call to Repeal Coal Law
M&E Industry Forum Charts a Future-Ready Path for Philippine Manufacturing in the Age of Industry 4.0
Held at the Acacia Hotel Manila, the forum brought together metals, engineering, and allied industry players and stakeholders to present updates on digital transformation and explore the potential of Industry 4.0 technologies.
Why Industry 4.0 Matters
In a post-forum synthesis, DOST-MIRDC highlighted the tangible benefits of integrating Industry 4.0 in local manufacturing, especially for micro, small, and medium enterprises (MSMEs), including:
● Increased productivity through reduced downtime and improved efficiency
● Lower operational costs by minimizing waste and equipment failures
● Data-driven decision-making for smarter operations
● Improved global competitiveness
● Enhanced resilience and long-term sustainability
A Call for Unified Action
In his inspirational message, DOST Secretary Renato U. Solidum, Jr. underscored the inevitability of digital transformation, stating, “Digital transformation, whether we like it or not, is a driver of businesses and economies.”
The forum emphasized the need for collaboration to drive transformation. In the same manner, the event underscored recommendations that will encourage technology shifts among various audiences: industries were urged to pioneer pilot projects, academe to align education with future-ready skills, and government agencies to consider Industry 4.0 in national development strategies
The DOST-MIRDC outlined its key initiatives to boost technology adoption and industry readiness for MSMEs:
● Intensified promotions and outreach campaigns to raise awareness of DOST’s services
● Expanded implementation of the CUATRO Program to scale smart technologies nationwide
● New workforce reskilling and upskilling programs tailored to emerging industrial demands
● Wider access to MIRDC laboratories and technologies for MSMEs and startups
Thursday, June 26, 2025
Think-Tank: Semirara Mining’s Tax Exemption TRO Sparks Call to Repeal Coal Law
The TRO halts the government’s collection of duties and taxes on Semirara’s fuel imports, raising concerns about tax fairness, fiscal responsibility, and the government’s climate policies. Under PD 972, coal operators like SMPC are granted specific tax incentives and exemptions designed to promote the development of the country’s coal industry. Semirara’s legal argument relies on these provisions to claim exemption from certain fuel import taxes, despite recent changes in tax laws such as the CREATE Law.
“The law governing coal mining is decades old and no longer fits the country’s climate and fiscal realities,” said Gerry Arances, CEED Executive Director. “What this reflects, supported by the recent court’s TRO, is a legal framework that favors fossil fuel interests over urgent climate needs. Congress must repeal PD 972 to ensure equitable tax enforcement for major polluters and prioritize a just energy transition to address climate change.”
CEED stresses that this call comes at a critical time when the Philippines is striving to strengthen its tax base and accelerate the shift to renewable energy sources. The group also urges the Department of Finance (DOF), Bureau of Customs (BOC), and the Bureau of Internal Revenue (BIR) to carefully assess the broader implications of the recent ruling on tax justice, energy policy, and the country’s climate commitments.
SMPC’s mining operations also have a documented history of social and environmental harm. Notable incidents include the 2013 Panian Pit collapse that killed at least five miners and the 2015 landslide that buried nine workers, underscoring the risks faced by mining communities.
“Our policies must reflect the true costs of fossil fuel extraction, including social and environmental damages,” said Arances. “Repealing this outdated law is not just important, but necessary for protecting communities, driving climate action, and upholding public interest over corporate privileges.”
Tuesday, June 24, 2025
FinTech Alliance.PH hosts Q2 digital caucus, sets stage for Manila Tech Summit 2025
TAGUIG CITY, PHILIPPINES – FinTech Alliance.PH, the country’s largest and most influential organization of fintech unicorns, startups, and financial institutions, convened its 2nd Quarter Digital Industry Caucus and Manila Tech Summit Media Launch on June 24, 2025 at The Marquis Events Place in Bonifacio Global City, Taguig.
The event brought together key figures from the government, the diplomatic corps, and the private sector. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi Fonacier delivered the keynote address, underscoring the urgency of establishing an industry-led fraud bureau to help build a safer, more resilient digital economy. She emphasized that strong collaboration between regulators and the private sector is vital in fighting fraud, building consumer trust, and driving financial inclusion.
Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi Fonacier delivers the keynote address. “Continuing engagement with industry players such as the Fintech Alliance is crucial in fostering a shared understanding of risks, financial inclusion goals, and market conduct expectations.
Moreover, cooperation plays a critical role in enhancing the financial system’s cyber resilience as it enables financial institutions to proactively identify, prevent and respond to emerging persistent threats. The BSP will continue to support strategic partnerships among our key stakeholders for the purpose of strengthening financial surveillance, obtaining feedback on policy initiatives, and fostering dialogue,” Deputy Governor Fonacier said. "On behalf of Bangko Sentral ng Pilipinas, I commend Fintech Alliance PH and other partners for this initiative and all stakeholders here today for taking bold steps towards a safer digital future,” DG Fonacier added.
During the caucus, FinTech Alliance PH also announced the submission of a white paper to Department of Information & Communications Technology (DICT) Secretary Henry Aguda and the Cybercrime Investigation and Coordination Center (CICC), outlining a roadmap for the proposed fraud bureau and positioning it as a shared responsibility of the entire digital ecosystem.
As part of its commitment to honor transformative leadership, FinTech Alliance PH conferred the BSP Governor Nestor A. Espenilla Jr. FinTech Leadership Award to four exceptional individuals:
BSP Deputy Governor Chuchi Fonacier; H.E. Laure Beaufils, British Ambassador to the Philippines; H.E. Hae Kyong Yu PSM, FCPA, Australian Ambassador to the Philippines; and H.E. Ilan Fluss, Ambassador of Israel. This prestigious award honors leaders who embody the late Governor Espenilla’s legacy of inclusive innovation, regulatory disruption, and financial empowerment for the underserved.
Tess Espenilla, the wife of the late BSP Governor Nestor Espenilla, congratulated the recipients and lauded them for espousing the values that her late husband lived by and demonstrated through public service. "This award carries forward Nestor's vision of a future where innovation empowers inclusion and no Filipino is left behind. Your work and leadership in financial technology upholds the values he deeply believed in - integrity, innovation, and service to the underserved,” Espenilla shared.
The honorees expressed their gratitude to the Alliance for conferring the awards as a tribute to the power of international collaboration, the promise of digital innovation, and the shared commitment to uplifting lives through meaningful and forward-thinking change. "To be recognized by an industry that you also regulate is something really sweet and special because apart from the regulator and the regulated relationship, there is of course partnership at the end. But I cannot lay claim to this award alone, same thing with when we tried to fight cybercrime. No institution can do it alone,” Deputy Governor Fonacier said. "When I arrived in the Philippines almost four years ago, we weren't doing that much work in the fintech space. Four years down the line, we have done so much together on the strategic policy side as well as on the commercial side...We are so proud to be able to sign an alliance with Fintech Alliance PH during UK Southeast Asia Fintech Week a few months ago,” Ambassador Beaufils expressed.
"Our ambassador is personally invested in digital transformation in the Philippines. We recognize the huge growth in digital transactions is powering the economy here that is opening many opportunities. It is opening opportunities to Australian businesses to invest in the Philippines and it is also delivering financial services to many millions of Filipinos who remain unbanked,” Dr. Moya Collett, Deputy Head of Mission of the Australian Embassy, relayed Australia’s commitment on behalf of Ambassador Yu.
"Over the past four years, my mission has been to build bridges of innovation, of technology, and of shared purpose. Israel, as many of you know, is a start-up nation not by choice but by necessity. In a land with limited water, surrounded by challenges, we had to innovate to survive. From that struggle, we became a global hub for fintech, cybersecurity, agritech, and many more. I am proud now that these capabilities support Filipino institutions,” Ambassador Ilan Fluss shared in a message delivered by Villanueva.
The honorees of the BSP Governor Nestor A. Espenilla Jr. FinTech Leadership Award together with the Fintech Alliance PH.
The event also marked the onboarding of four new member institutions into the Alliance: SnapWork Digital Technologies Pte. Ltd., TrustDecision Pte. Ltd., EmbedIT S.R.O., and Trusting Social AI Philippines. Their addition reflects the Alliance’s growing momentum and unified vision of bridging innovation and inclusion.
To cap the event, the theme of the 2025 Manila Tech Summit was officially revealed: “Forging a New Global Order: Risks and Opportunities Redefined.” Set for August, the summit is expected to convene over 1,300 stakeholders to discuss how the Philippines can lead amid global volatility and opportunity. It also builds up toward the Philippines’ official participation in the Singapore FinTech Festival this November, where the country will mount a national pavilionunder the theme “Bagong Pilipinas.”
FinTech Alliance PH Founding Chairman Lito Villanueva closed with a call to action: “This is our moment. As the digital landscape evolves, so must we boldly and decisively. From tackling fraud to promoting regulatory reform and global collaboration, we are proving that the Philippines is not just catching up we’re stepping up to lead. Let’s move fast, build together, and show the world what a future-ready, inclusive digital economy looks like.”
“The Philippines is not just catching up—we’re stepping up to lead.” -Fintech Alliance PH Founding Chairman Lito Villanueva
The event was held in partnership with the Bangko Sentral ng Pilipinas, with media collaborationfrom ABS-CBN, BusinessWorld, Manila Bulletin, Merger Market, Inquirer, PhilStar, The ManilaTimes, and TodayPH.
About Fintech Alliance PH: FinTech Alliance.Ph is the country’s first and most prominent digital industry association, established in 2017, and now has over 130 corporate members driving more than 95% of retail digital financial transaction volume in the Philippines.
For more information, visit https://www.fintechalliance.


