PALO, LEYTE, 21 April 2026 – Building on its earlier work in local energy planning, the Institute for Climate and Sustainable Cities (ICSC) pilots a Renewable Energy (RE) Plan and Roadmap scoping workshop with the Municipality of Guiuan from April 14 to 17, as one of the initial activities under its recently signed Memorandum of Agreement with Eastern Visayas local chief executives. 

Under this partnership, participating LGUs aim to institutionalize participatory local energy planning and roadmapping, craft local RE ordinances, and mobilize innovative financing for rooftop solar, island microgrids, and community-led RE initiatives. 

“Renewable energy is a no-regrets solution. Beyond reducing electricity costs, it enhances public services, supports livelihoods, improves public health, and strengthens local infrastructure. Decentralized solutions like rooftop solar and mini-grids can bridge energy access gaps, particularly in rural and underserved areas, ensuring that no community is left behind,” said Councilor Kinna Mae Kwan-Mabansag, who spoke on behalf of Mayor Annaliza Gonzales-Kwan during the workshop. 

Workshop participants from the Guiuan LGU were educated on renewable energy policy, grid modernization, data-driven energy targets, and resilient energy options for off-grid and small island communities by ICSC Grid Modernization Advisor Gaspar Escobar Jr. and Energy Transition Advisor Alberto Dalusung III, respectively.

Sessions also delved into RE project structures, cycles, and financing, as well as available lending programs for RE projects for local governments, led by ICSC Senior Advisor on Energy Literacy and Energy Democracy, Atty. Monalisa Dimalanta and Development Bank of the Philippines Vice President Rustico Noli D. Cruz.

In addition to the information discussions, case studies of other local governments were also tackled, particularly from the cities of Butuan and Iloilo. Butuan City Planning and Development Office's Engr. Angelo Boligol talked about the formulation process, implementation, and impact of their local Renewable Energy Plan Roadmap, and how RE zoning, land use planning, and investment promotion helped move clean energy planning forward in their city.

ICSC’s Director for Community Resilience Arturo Tahup emphasized the importance of local leadership in responding to energy challenges in his welcome remarks. “We are at a point where we must transform crises into opportunities. The current energy situation presents real challenges, but it also opens pathways for local governments to lead,” said Tahup. 

The four-day workshop brought together Guiuan’s technical working group, composed of legislative representatives, department heads, and staff from planning, engineering, general services, permitting and licensing, finance, environment, and disaster risk management. Together, they validated  ICSC’s report on their local energy baseline and identified viable RE opportunities. Throughout the sessions, the workshop resource persons, together with ICSC advisers, provided technical guidance and access to resource materials that helped shape and prioritize projects for financing and implementation. Outputs include an envisioned RE plan and targets, enabling local programs and policy measures to drive energy transition and RE development in the municipality.

Councilor Kwan-Mabansag highlighted that the workshop is a significant step not only for the municipality, but for the Eastern Visayas region’s broader push toward a cleaner, more resilient, and more sustainable energy future. 

“Reliable, affordable, and sustainable energy is essential to local development. High power costs and frequent outages have already affected fisheries, water distribution, investment, and economic opportunities in Guiuan, and a Local Energy Plan will help the municipality identify priority RE projects, craft enabling policies and ordinances, and direct investments where they are needed most,” Councilor Kwan-Mabansag added.

Beyond broader RE planning goals, the workshop focused on Guiuan’s immediate energy priorities, particularly efforts to improve and eventually achieve 24/7 electricity access in off-grid communities like Homonhon, Suluan, and Victory. Discussions covered the municipality’s energy profile, grid and transmission constraints, and energy source options such as solar, wind, battery energy storage system (BESS), and hybrid systems to reduce diesel dependence and strengthen energy security.

Designed to strengthen LGU understanding of the energy landscape and policy frameworks,  build capacity to assess local energy needs, support the development of RE plans, and translate these into actionable projects and investments, the workshop lays important groundwork for Guiuan’s next steps. For the technical working group, this process is expected to advance a more affordable, reliable, and resilient energy future, positioning Guiuan as a model for how Eastern Visayas communities can turn clean energy commitments into implementable roadmaps.

It serves as the pilot run of a series of capacity-building activities, with more LGUs across Eastern Visayas, Northern Mindanao, and Bicol Region set to undertake similar RE planning processes with ICSC in the coming months. 

ABOUT

The Institute for Climate and Sustainable Cities is a Manila-based climate and energy policy group advancing climate resilience and low-carbon development.

Philippine Blockchain Week 2026 Marks Shift from Web3 Potential to Real-World Deployment

MANILA, Philippines, April 20, 2026 — The next phase of the digital economy will not be announced after the fact—it will take shape in real time at Philippine Blockchain Week (PBW) 2026.

From June 19 to 21 at the SMX Convention Center Manila, PBW 2026 returns with the theme “Decoded: Deployed.” This year’s event moves beyond theory to showcase how blockchain is already being used to power real systems—from finance and gaming to public infrastructure and digital identity.

If you have ever used a digital wallet, played an online game to earn, or questioned how public funds are tracked, you are already part of this shift. PBW 2026 is where you see where it goes next—and who is building it.

From “Decoded” to “Deployed”

PBW 2026 reflects the country’s transition from understanding blockchain to actively implementing it. What was once experimental is now being deployed—with growing relevance in transparency, accountability, and economic participation.

The event is expected to draw over 15,000 attendees, surpassing last year’s 11,000 participants and marking its largest gathering since its launch in 2022.

“PBW 2026 brings together the energy of a festival with the depth of a world-class conference. We're creating a full-spectrum experience, where business, culture, and community come together in one space,” said PBW President and Co-Founder Janelle Barretto.

Designed to be the most expansive PBW yet, the event brings together decision-makers, builders, creators, and communities across multiple touchpoints:

Here’s what to expect at PBW 2026:

Philippine Blockchain Leadership Forum

An invitation-only summit co-presented by the Blockchain Council of the Philippines (BCP), aligning leaders from government, finance, and global industry to shape policy, accelerate collaboration, and define blockchain’s role alongside AI and cybersecurity.

Alt+Tab Gaming & Music Festival

A high-energy cultural platform connecting blockchain to the next generation through gaming, esports, P-Pop, cosplay, and fandom-driven experiences.

Decoded: Deployed Main Conference

Where global thought leaders present real-world applications of blockchain—from financial inclusion to secure data ownership and beyond.

Innovation Expo

A hands-on look at Web3 in action, featuring fintech platforms, gaming ecosystems, and enterprise solutions already being deployed across the Philippines.

Also featured: Celebrity Bazaar, PBW Fight Night, hackathon, VC–startup matchmaking, after-parties, and curated networking events designed to turn conversations into partnerships.

The Philippines’ young, mobile-first population and deeply embedded gaming culture continue to position it as a key Web3 market. From play-to-earn ecosystems to digital asset platforms and emerging fintech solutions, blockchain is no longer niche—it is becoming part of everyday life.

Blockchain: A New Era of Digital Trust

As the Philippine digital economy accelerates, blockchain is moving from exploration to execution.

From transparency initiatives to policy proposals like the Citizen Access and Disclosure of Expenditures for National Accountability (CADENA) Act, both industry and government are beginning to operationalize the technology. Programs such as the BCP’s Integrity Chain further reflect this shift—exploring how blockchain can strengthen accountability in real-world settings.

At PBW 2026, this momentum converges—bringing together the people, platforms, and policies shaping what comes next.

“Blockchain is no longer just about potential—it’s about execution,” said BCP Chairman and Management Association of the Philippines (MAP) President, Donald Lim. “What matters now is how we align efforts across industry and government to turn early use cases into systems that deliver real, lasting impact.”

This is not just another industry event—it is where the next wave of partnerships, products, and policies begins. If you are serious about being part of the digital economy, this is where you need to be—not after, but while it is happening.

Since its inception, PBW has evolved into a platform where ideas turn into action. For tickets and more information, visit https://pbw.ph/ or email info@pbw.ph

#pbw2026 #todayph26

DOST Balik Scientist Drives R&D in Biocontrol Solutions vs. Crop Pests in PH

A Department of Science and Technology (DOST) Balik Scientist is strengthening local R&D capacity in insect science by equipping Philippine universities to develop biological approaches for managing agricultural pests.

Hosted by the Visayas State University (VSU) and the University of Mindanao (UM), DOST Balik Scientist Dr. Terence Al L. Abaquita shared his entomology expertise to undergraduate and university researchers in Visayas and Mindanao, as well as the entomology industry in the country.

“Balik Scientist engagements demonstrate how expertise honed from advanced nations can be translated into tangible gains for Philippine agriculture, especially in boosting the nation’s food security. Dr. Abaquita’s yearlong engagement with VSU and UM has been extremely productive, especially in managing insect pests such as fruit flies, coconut scale insects, Asiatic palm weevil, and coffee berry borer. This is exactly what we need– science that is responsive, collaborative, and aimed to address local needs,” said DOST Secretary Renato U. Solidum, Jr. in a statement. 

During his engagement with the Uniwersytet Jagielloński in Poland, Dr. Abaquita had significant contributions to the research on fruit fly (Drosophila melanogaster) and published in three Q1 to Q3 ranked international journals. He brought this knowledge to Biology, Pharmacy, and Medical Technology students of UM through a training on fruit fly culture maintenance. Bringing his expertise on fruit flies, Dr. Abaquita contributed to the development of the proposal on NANOSAFE with Drosophila, wherein the project team is targeting to standardize fruit fly-based nanosafety screening pipeline and open-access Philippine Nanomaterial Toxicity Database.

Dr. Abaquita has gained substantial experience in insect science over his seven years of his prolific research work across universities in Germany, Sweden, Poland, and Spain. He was tapped by the DOST-Balik Scientist Program (BSP) from October 18, 2024 to September 9, 2025. This is his second engagement as a Balik Scientist, the first one of which, being in July 2023 to January 2024.  

Dr. Abaquita was also instrumental in some projects under Coconut Hybridization Program of the DOST Philippine Council for Agriculture, Aquatic and Natural Resources Research and Development (PCAARRD), which uses the 5% allocation from the Trust Fund for the funding of R&D programs and projects on coconut hybridization, hybrid coconut seed farms, nurseries, and related activities. He mentored 17 Undergraduate Research and Education Assistantship for Technology (uGREAT) scholars from Entomology and Chemistry courses of VSU on the project, “Biological and Ecological Approaches for Coconut Pest Management (BEACON) of the Asiatic Palm Weevil and Spike Moth Infesting Hybrids and Parentals.” In addition, he mentored grantees for poster presentations during the 2025 Pest Management Council of the Philippines and the 2025 National Coconut R&D Congress. 

Moreover, Dr. Abaquita helped in the development of the proposal to combat cocolisap or the coconut scale insect (Aspidiotus rigidus) with Dr. Justine Bennette H. Millado and Dr. Jay Darryl Ermio. The said project proposal, “Up-scaled strategic mass rearing of biological control agent, Comperiella calauanica against coconut scale insect (Aspidiotus rigidus)” was approved for funding by DOST-PCAARRD under the Coconut Hybridization Program. 

Coffee is another commodity that Dr. Abaquita looked into during his yearlong Balik Scientist Program engagement. He helped in the development of the proposal of the project, “Precision management of coffee berry borer (Hypothenemus hampei) utilizing methanol-ethanol mixture and encapsulated Beauveria bassiana in a lure-and-kill strategy.” This project, which will be led by Dr. Jonathan R. Digma of Cavite State University, will explore biological control strategies to control coffee berry borer, which is a major threat to Philippine coffee production. 

“We are affirming a partnership that strengthens our research capabilities and reinforces our commitment to translating science into real outcomes. We have been truly fortunate to host Dr. Abaquita here since we welcomed him to UM for his short term engagement in July 2023. While his initial lectures and mentoring had set a high bar, his return as a medium-term Balik Scientist truly solidified his impact on UM. His second engagement has allowed his expertise to take root creating a lasting legacy, especially within our research department,” said UM President Guillermo P. Torres, Jr. on his impressions of Dr. Abaquita’s engagement. 

Representing VSU  President Prose Ivy G. Yepes, Dr. Jay Darryl L. Ermio of the VSU Department of Pest Management, also gave his impressions on Dr. Abaquita, “He didn't just work behind the scenes actually, through a series of hosted talks and seminars on pest management, he provided our community with fresh perspective on global entomological challenges, bridging the gap between high-level research and local applications, particularly in insect-molecular morphology and Drosophila studies.” Dr. Ermio also highlighted Dr. Abaquita’s role in bridging expertise across UM and VSU. “He was instrumental in forging the strategic partnership between VSU and UM, a collaboration that we know will yield great results for years to come. Thus, we would also like to extend a very special thanks to the University of Mindanao for co-hosting Dr. Terrence with us. Your partnership made this engagement, though short, seamless, and far more impactful.”  (Rose Anne M. Aya, DOST-PCAARRD S&T Media Services)

Feast of PH Flavors to the World at the 18th Philippine Food Expo 2026

With the rapid evolution of consumer food preferences and the growing demands for food production that goes with increasing population and stronger spending power, the agri-food sector remains the biggest employment sector in the ASEAN community accounting for 38% of its work force. As such, the agri-food industry is a top-ranked priority for the ASEAN integration, with bulk of their economic growth, trade and investments depending on it. However, there is much to be accomplished for its sustainable growth and development by raising land productivity and ensuring market demands.

The ASEAN agribusiness is also gaining power in export trading. Latest studies present great opportunities for intra-ASEAN trade in agri-food. Albeit a smaller share of 2.5% to total exports as compared to a 4.3% share of extra-ASEAN exports to total exports, its growth has significantly doubled from 2008-2011 with more growth potential projected if the ASEAN is able to achieve harmonization of standards across all its participating countries and address the technical barriers to trade.

With the rise of globalization of food trade, the challenge of keeping up with the changes in consumption and demand as incomes rise with population growth and greater economic prosperity remain. The rise of wealth and spending power result to greater consumer demand and a change in diets require more variety and nutritious food at affordable prices. These changes in urbanization and consumer behaviour are also evident in the shift of raw materials sourcing - from small farms to modern supermarkets. Food manufacturers and retailers may take advantage of this shift as great opportunities present themselves in the rise of global groceries and the increase of processed food exports. According to the Institute of Grocery Distribution, Asia’s grocery markets are forecasted to surpass Europe and North America combined within the next 4 years.

Thus the Philippine Food Expo 2026, it’s more than just an event—it’s where ideas turn into opportunities. Connect with industry leaders, discover premium suppliers, and gain insights from expert-led seminars designed for entrepreneurs, professionals, and future business owners.

This will be on April 17–19, 2026 at World Trade Center Pasay Metro Manila

#PFE2026 #todayph26

Joint Statement of the Thirteenth ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (13th AFMGM)

1. The 13th AFMGM was convened under the co-chairmanship of H.E. Frederick D. Go, Secretary of the Department of Finance of the Philippines, and H.E. Eli M. Remolona, Jr., Governor of the Bangko Sentral ng Pilipinas.

2. We, the ASEAN Finance Ministers and Central Bank Governors, convened to discuss regional and global developments, assess the progress of finance and central bank cooperation initiatives, and reaffirm the importance of strengthening ASEAN’s integration and resilience through strengthening policy coordination, enhancing financial cooperation, advancing inclusive and sustainable growth, deepening financial safety nets, accelerating digital transformation, and managing climate-related risks.

3. We welcomed Timor-Leste's full and active participation in all ASEAN Finance Track meetings and further encouraged its continued efforts to strengthen institutional capacity and contribute meaningfully to the ASEAN Finance Track’s shared goals and priorities. In advancing Timor-Leste’s ASEAN financial cooperation and integration, we reaffirmed that implementation of regional initiatives will take into account the diverse levels of development, institutional capacity, and financial system structures across ASEAN Member States (AMS), and will be undertaken in a phased and readiness-based manner.

Economic Outlook and Challenges

4. We are pleased to reaffirm that ASEAN’s economic performance was robust, with the regional growth revised upward to around 4.5 per cent in 2025 despite external headwinds. We noted that ASEAN’s resilience was supported by strong domestic demand, sustained infrastructure and digital investment, continued capital flows, and gradual export recovery.

5. We also welcomed the continued growth of inward FDI into ASEAN, amounting to over USD 230 billion in 2024. We noted the strong recovery of the tourism sector, with visitor arrivals reaching 147 million in 2025, reinforcing ASEAN connectivity, integration, and the importance of sustained openness and mobility. We called on development partners to deepen collaboration with ASEAN to mobilise investment and deliver tailored support that reflects the diverse needs and capacities of Member States, ensuring that growth remains inclusive and resilient across the region.

6. In agreement with the ASEAN Economic Ministers, we expressed concerns on the continued tensions in the Middle East and its implications for rising geopolitical risks, global trade uncertainties, and disruptions to energy markets and supply chains that may increase volatility in inflation, financial markets, and capital flows. We concurred that a prolonged period of geopolitical instability could continue to weigh on the global economic outlook, which has already been under strain from multiple headwinds in recent years. We remain vigilant to external and domestic risks, including policy uncertainty arising from tariff measures, geoeconomic fragmentation, capital flow volatility, climate-related shocks, and debt vulnerabilities. To mitigate the impact of global and regional developments, including the situation in the Middle East, we reaffirmed our commitment to deepening regional financial integration, strengthening regional financial cooperation and stand ready to take appropriate actions to safeguard macroeconomic and financial stability and reinforce ASEAN’s economic resilience.

Navigating Our Future, Together

7. We welcomed the Philippines’ 2026 ASEAN Chairmanship theme, “Navigating Our Future, Together”, and the endorsed Priority Economic Deliverables (PEDs) in the Finance and Central Bank track, namely: (i) “Sustainable and Resilient ASEAN Capital Markets”; (ii) “Advancing ASEAN Regional Payments Connectivity”; and (iii) “Driving Financial Health Forward: Unlocking the Next Frontier of Financial Inclusion”.

8. We noted the Philippines’ efforts in continuing the focus to build a sustainable and resilient ASEAN through (i) the creation of a conducive ecosystem for climate mitigation and adaptation financing by accelerating capital market financing for the region’s transition, which includes the development of key frameworks such as the Code of Conduct for External Review Providers in sustainable financing instruments, and development of Version 1 of the mitigation co-benefit and Adaptation for Resilience (mARs) Guide to supplement the ASEAN Taxonomy for Sustainable Finance (ASEAN Taxonomy); (ii) the enhancement of cross-border enforcement and supervisory cooperation through the establishment of a Knowledge Network for Supervisory and Enforcement Directors; and (iii) the promotion of sound corporate governance principles and practices across the region through capacity-building and onboarding activities for Member States.

9. We underscored the importance of transparency, comparability, and shared understanding of legal and regulatory expectations to sustain the momentum of ASEAN regional payments connectivity and in support of the G20 Roadmap for Enhancing Cross-Border Payment. We look forward to the completion of the regulatory comparison dashboard that will help reduce regulatory ambiguity and enhance coordination efforts to improve interoperability in regional payment schemes.

10. We reaffirmed our commitment to building a resilient, inclusive, and sustainable region. Toward this end, we endorsed advancing financial health as a regional priority. We agreed to develop a regional financial health measurement framework to enable regular monitoring, support evidence-based policymaking, and foster innovation in financial services and policies that strengthen financial health, especially for vulnerable groups, thereby contributing to broader macroeconomic stability. The framework will be proportionate, pragmatic, respectful of sovereignty and diversity, and will build on existing national strategies and relevant ASEAN initiatives.

Strengthening ASEAN as an Effective Platform for Regional Financial Cooperation and Global Engagement

11. We noted the completion of the finance sector’s End-Term Review (ETR) of the AEC Blueprint 2025 and endorsed the recommendations from the ETR exercise. Supported by the ASEAN-UK Economic Integration Programme (EIP) Financial Services Pillar (FSP), the ETR was a useful stock-take of the ASEAN Finance initiatives, offering practical recommendations that may serve as useful reference in line with the implementation of the ASEAN Economic Community (AEC) Strategic Plan 2026-2030 and reinforces the work to streamline and restructure the ASEAN Finance Track under Project Revive.

12. We endorsed the ASEAN Finance Sectoral Plan 2026-2030, which details the specific and impactful initiatives, outputs, and timelines that will contribute to the accomplishment of the broader objectives outlined in the AEC Strategic Plan 2026-2030, and the ASEAN Community Vision (ACV) 2045 that would establish a “Resilient, Innovative, Dynamic, and People-Centred ASEAN”. To this end, we welcomed the ADB’s proposal to set up a dedicated facility for ASEAN to operationalise these initiatives amounting to USD 30 billion between 2026-2030 to support the implementation of the ACV 2045, building a prosperous, inclusive, and sustainable ASEAN, focusing on sustainability, digital transformation, and regional resilience against challenges of geopolitics, pandemics and disasters. In this context, we underscore that access to this  facility will be member-led and aligned with each member's national development plans, debt-sustainability frameworks, and public financial management systems, and will avoid the creation of undue debt vulnerabilities.

13. We commended the substantial work under Project Revive and endorsed the recommendations on enhancing and streamlining the governance, structure, and process of the ASEAN Finance Track to minimise duplication in reporting, allow for speedier decision-making, foster greater collaboration on crosssectoral issues, and facilitate a coordinated ASEAN position and messaging on thematic issues. We looked forward to Project Revive Task Force’s continued engagement with the finance sectoral bodies to ensure the effective implementation of the endorsed ASEAN finance governance, structures, and processes recommendations in 2027. We also acknowledged the need to undertake the appropriate process arising from the proposed changes to the operationalisation of the ASEAN Finance Track, including possible amendments to Annex 1 of the ASEAN Charter, subject to legal guidance and the consensus of AMS.

Advancing Financial Integration and Strengthening Regional Financial Resilience

14. We reaffirmed our commitment to connectivity, inclusion & digital finance, integration & resilience, and sustainability. We commended the Working Committees for the achievements and progress in financial services liberalisation, banking integration, financial inclusion, capital market development, capital account liberalisation, and cross-border payment connectivity in line with the Finance Sectoral Plan 2026-2030.

15. We welcomed the completion of the ASEAN Banking Integration Framework (ABIF) Review and the subsequent endorsement of the ABIF Guidelines 2.0, which aims to deliver greater clarity and coherence, whilst catering to differing levels of readiness across AMS by encouraging progressive integration.

16. We recognised the enhancements made to the Capital Account Liberalisation (CAL) Heat Map template, which now adopts a more granular and calibrated methodology to more accurately capture liberalisation measures. This approach better reflects the nuances and phased adjustments in the AMS’ CAL-related regulations and policies, rather than relying solely on major policy changes. We also acknowledged the continued efforts to document the AMS’ safeguard measures and policy responses to the evolving macroeconomic environment to support future policy formulation, as well as the ongoing implementation of the ASEAN Local Currency Transaction (LCT) Framework across AMS to facilitate the use of local currencies in cross-border transactions, expand financial access, and enhance liquidity management to support intra-ASEAN trade and investment. We further welcomed the development of the ASEAN ladderised training programme on CAL and expressed support for its implementation within the year, as a concrete step toward increasing investment flows and advancing regional financial markets development while maintaining financial stability.

17. We noted the progress of the ASEAN-6’s 2nd technical verification of their financial services Non-Conforming Measures (NCMs) for the ASEAN Trade in Services Agreement (ATISA) transposition, which represents a more modern approach designed for deeper commitments in financial services liberalisation and further strengthening transparency, aligning the region with modern international trade practices.

18. We welcomed the re-establishment of the ASEAN Swap Arrangement (ASA) by the ASEAN Central Bank Governors to provide short-term foreign exchange liquidity to member countries in the event of them experiencing balance of payment (BOP) difficulties. We acknowledged the importance of ASA as a key layer of the regional safety net arrangement and a reflection of ASEAN’s commitment to maintaining regional financial stability.

19. We were pleased with the progress of the ASEAN Cross-Sectoral Working Committee (ACS-WC) initiatives on disaster risk financing and insurance, including alignment of work initiatives with the ASEAN+3 platform for synergy in disaster risk financing, and ongoing finance-health collaboration. We encouraged continued coordination with the ASEAN Agriculture Track on the terms of reference for the Working Group on Food Security, recognising that strengthening financing for food and nutrition security is critical to reducing disparities, protecting vulnerable populations, and sustaining inclusive growth across the region.

20. We welcomed the launch and commencement of the ASEAN Capital Market Forum (ACMF) Action Plan 2026-2030, a forward-looking roadmap to guide ASEAN’s capital market development in the next five years. The Action Plan focuses on sustainability, inclusivity, integration, and digitalisation, underscoring the ACMF’s pivotal role in mobilising sustainable finance, deepening market integration, and expanding access to capital.

21. We were pleased with the efforts of the ASEAN Capital Markets Forum (ACMF) to integrate the capital markets in the region and position ASEAN as a unified and attractive destination for capital and trade through the preliminary work towards (i) the introduction of the ASEAN Diamonds for the Capital Market to enhance investor confidence and improve the visibility of quality ASEAN-listed companies; (ii) a feasibility study to facilitate the establishment of new ASEAN thematic indices; (iii) and efforts to facilitate intra-ASEAN activities, products and connectivity through a roadmap for ASEAN crosslistings and a depository receipt issuance handbook; and (iv) the feasibility study on Shariah standards applicable to the region.

Enhancing Trade, Customs, Tax, and Treasury Cooperation

22. We welcomed Myanmar as the seventh Participating Member State to the ASEAN Customs Transit System (ACTS) and looked forward to the pilot of the railway mode in ACTS by the end of 2026, which will mark an important step toward seamless multimodal connectivity. We tasked relevant sectoral bodies to support Brunei Darussalam and Indonesia to participate in the ACTS to reinforce ASEAN’s vision of a fully integrated, efficient, and future-ready regional transit system. We also welcomed the implementation of the ASEAN Authorised Economic Operator Mutual Recognition Arrangement (AAMRA) among nine AMS and looked forward to Viet Nam’s implementation in June 2026. We also encouraged support for Timor-Leste’s accession, preferably in 2026. To further strengthen supply chain resilience, we tasked relevant sectoral bodies to conduct consultations on the expansion of the AAMRA with Dialogue Partners, strengthening ASEAN’s position as a competitive hub in global trade.

23. We welcomed the progress on the ASEAN Single Window (ASW), particularly the Roadmap for ASEAN Single Window 2.0, which will introduce new technical specifications and finalise the direction to establish the legal basis to facilitate and enable electronic exchange of trade administration documents between ASEAN and its external partners. We urged member states to expedite finalisation of the technical enhancements to the ASW and implementation of the ASW 2.0 to further facilitate trade, reduce compliance costs, and advance digital interoperability within ASEAN, and between ASEAN and its external partners.

24. We acknowledge the continued efforts of the ASEAN Forum on Taxation (AFT) in advancing regional tax cooperation. This includes progress toward completing the network of bilateral tax treaties among AMS and undertaking the renegotiation of existing agreements where appropriate. We further note the AFT’s efforts to discuss solutions to tax compliance challenges, such as those arising from the digitalisation of the economy, including through engagement on the Two-Pillar Solution under the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) and participation in the ongoing negotiation of the UN Framework Convention on International Tax Cooperation. We also recognise the ongoing work to facilitate the alignment of tax policies with climate and sustainability objectives, as part of broader efforts to support green fiscal reforms and sustainable development across ASEAN, and the initial steps taken towards the possible establishment of the ASEAN Tax Academy Network. Under the Sub-Forum on Excise Taxation, we noted the continuous discussion among AMS related to excise-dutiable goods. We are cognizant of the ongoing capacity-building initiative, in collaboration with the Asian Development Bank (ADB), to support ASEAN countries in the design and implementation of environmentally related taxes (ERTs)

25. We noted the commitment of the ASEAN Treasury Forum (ATF) to mainstream climate finance considerations across discussions, including budget tagging, climate expenditure analysis, and green public procurement. We are also pleased with the progress of the ATF’s four working groups in enhancing public financial management and treasury operations across ASEAN.

Promoting Digital Financial Innovation and Inclusion

26. We commended the continued expansion of cross-border payment linkages in the region, with 29 QR payments and Person-to-Person (P2P) instant payment linkages established within ASEAN and with our external partners, as of December 2025. We were pleased with the growing adoption across these payment linkages, reflecting their increasing relevance for households, businesses, and migrant workers across the region. There was substantial growth in the volume and value of cross-border payment transactions in 2025, with QR code payments reaching 36.2 million transactions, equivalent to USD 716.4 million, and P2P transfers reaching 1.6 million transactions, equivalent to USD 305.7 million. These developments underscore the importance of inclusive and user-centric payment solutions, including safe, affordable, and accessible remittance channels and digital financial services, in supporting inclusive growth and cross-border economic participation across the region. We looked forward to the continued collective action towards the development and expansion of safe and efficient payment systems in ASEAN, guided by the Roadmap for Instant Payment Connectivity (RIPC), through substantial policy exchanges to manage risks associated with cross-border payments, such as fraud, align oversight practices, and enhance capacity building. We encouraged our financial institutions and businesses to further leverage the benefits of cross-border payments connectivity, while building resilience against rapidly evolving threats such as scams and fraud. Together, these efforts will help foster a safer and more inclusive digital finance ecosystem, laying a solid foundation for financial health.

27. We welcomed ASEAN’s steadfast commitment towards greater financial inclusion for the vulnerable populations and micro, small, and medium enterprises (MSMEs) through substantial policy dialogues and knowledge exchanges to promote digital financial literacy, robust digital consumer protection, leverage digitalisation for financial access, and incorporate financial health and well-being as a desired outcome for financial inclusion, which ultimately aims to foster true economic self-sustainability and empowerment for these vulnerable groups. To this end, we welcomed the completion and publication of the ASEAN Digital Financial Literacy Core Competency Framework in February 2026, developed by the ASEAN Working Committee on Financial Inclusion (WC-FINC) in collaboration with the Organisation for Economic Co-operation and Development (OECD), and encourage AMS to utilise the framework in guiding digital financial literacy initiatives that support the safe and informed use of digital financial services to advance digital financial inclusion.

28. We noted the substantial support from our external partners, including the ASEAN-UK EIP, in enhancing national financial inclusion strategies, promoting digital financial literacy, and enhancing knowledge exchanges among the financial sector stakeholders. We looked forward to stronger collaboration to help realise new opportunities in expanding access to financial services, especially for MSMEs and vulnerable populations.

29. We were pleased with the progress of the ACMF in its efforts to accelerate the use of technologies to enhance market infrastructure, improve operational efficiency, and broaden access to financial services across the region through (i) an analysis and mapping of regulatory approaches across ASEAN in digital capital market products and services referencing internationally recognized principles and standards; (ii) a survey and evaluation of existing Artificial Intelligence (AI) supervisory measures in place across AMS, as well as launching a supervisory toolkit for regulators to strengthen supervisory capacity and oversight of AI adoption; (iii) and the development of a white paper to outline regulatory and supervisory technologies that aims to strengthen management of cybersecurity threats and online scams. In expanding the use of new technologies, we will remain mindful of differing levels of digital infrastructure and institutional capacity and will tailor implementation accordingly.

Scaling Up Sustainable Finance for Just and Orderly Transition

30. We recognised the Philippines’ leadership in elevating climate finance as a shared regional priority, centred on adaptation, mitigation, and loss and damage response. By integrating these three pillars and synchronising efforts across other ASEAN tracks, we will pursue a collective and comprehensive approach that ensures our regional strategies address the full spectrum of climate risks and opportunities for a just transition. We further noted the strategic importance of the ASEAN Climate Finance Policy Platform, a knowledge-sharing avenue that can be leveraged by ASEAN for robust climate finance support.

31. We reaffirmed the urgency of enhancing the AMS’ access to international climate funds, in particular, concessional financing, capacity building, and technology transfer, such as through the Adaptation Fund (AF), Green Climate Fund (GCF), Fund for Responding to Loss and Damage (FRLD), and Global Environment Facility (GEF). To this end, we welcomed the Philippines’ initiative to convene the first-ever High-Level Policy Dialogue on Climate Finance, which served to drive discussions on climate-responsive fiscal policies in the region and sharpen national and regional readiness for the utilisation of existing global funds.

32. We underscored the indispensable role of the private sector in bridging the climate investment gap. We encouraged the development of innovative financing structures, utilising blended finance and de-risking mechanisms to mobilise private capital at scale. We were pleased with the developments towards the regional Carbon Markets Forum, which will serve as a vital platform for policy convergence and technical cooperation. We looked forward to the development of credible and interoperable carbon markets across ASEAN, supported by robust national frameworks for carbon pricing instruments that are aligned with international standards, whilst recognising the respective national circumstances of each AMS. These include the development of the supporting ecosystem, such as enhanced capacity building and technical cooperation on the development of carbon pricing policies, market infrastructure, and regulatory frameworks.

33. We noted the continued efforts of the ASEAN Infrastructure Fund (AIF) through the ASEAN Catalytic Green Finance Facility (ACGF) to further mobilise resources to address the region’s infrastructure development needs with a robust lending pipeline and opportunities for 2026-2028 that include 30 regional projects amounting to USD 19.4 billion. We also welcomed the launch of the Regional Connectivity Fund (RCF) for Energy to support the ASEAN Power Grid (APG) project preparation and the onboarding of the Asian Infrastructure Investment Bank (AIIB) in further enhancing AIF’s visibility and partnership with donors and other multilateral development banks. These initiatives will contribute to strengthening regional energy security and enhancing resilience across ASEAN.

34. We were pleased with the progress of the sustainable finance landscape in the region, including the publication of (i) ASEAN Taxonomy Version 4 for consultation, comprising the completed Foundation Framework and Technical Screening Criteria for the six focus and three enabling sectors of the Plus Standard; (ii) ACMF Voluntary Carbon Market Development Plan and ASEAN Voluntary Carbon Market Guidance; (iii) 2nd version of the ASEAN Simplified ESG Disclosure Guide for SMEs in Supply Chains; and (iv) White Paper on Key Principles and Methodological Approaches for the development of the mitigation co-benefit and Adaptation for Resilience (mARs) Guide in support of the ASEAN Taxonomy.

35. We were also pleased with the ongoing progress of the ACMF in its efforts to promote sustainability and resilience as defining characteristics of ASEAN’s financial architecture, enabling capital markets to play a catalytic role in achieving long-term regional development and climate targets, including (i) the upcoming release of a compendium of financial instruments to support scalable projects in support of the region’s transition; (ii) the development of a Code of Conduct for External Review Providers in Sustainable Financing Instruments; (iii) the socialization of the ACMF Voluntary Carbon Market Development Plan and ASEAN Voluntary Carbon Market Guidance; (iv) the capacity building programmes for ASEAN regulators and corporates to promote consistent and comparable sustainability disclosures; and (v) the upcoming release of the 1st version of the mARs Guide, developed together with the ASEAN Taxonomy Board.

Dialogue with the Business Councils and Financial Institutions

36. We appreciated the exchanges with the ASEAN Business Advisory Council, EU-ASEAN Business Council, US-ASEAN Business Council, UK-ASEAN Business Council & TheCityUK, and ASEAN Financial Institutions CEOs. We underscored the vital role of industry partners in advancing financial integration by mobilising private sector investments for infrastructure, expanding MSMEs’ access to finance, leveraging digital technologies and AI to drive innovation in financial services, enhancing AI governance and risk management, strengthening cross-border payments and connectivity, promoting sustainable financing, and supporting technology transfer and capacity building. We welcomed the ASEAN Bankers Association white paper on an Ecosystem Strategic Approach in Combatting Digital Scams in the ASEAN Region and the discussion note on the Development of an ASEAN Baseline Framework for Navigating AI Governance in Financial Services. We called on business councils to work with ASEAN to deliver measurable outcomes over the coming year, including concrete proposals to mobilise investment, scale cross-border payment adoption, and support sustainable finance initiatives

Conclusion
37. We expressed our appreciation to the Philippines for hosting the 13 th AFMGM and Related Meetings and to the ASEAN Secretariat for its steady support and coordination throughout these meetings. We look forward to Singapore’s Chairmanship in 2027, when ASEAN will celebrate its 60th anniversary, and to reinforce ASEAN centrality and our shared resolve to maintain a stable, resilient, and dynamic region.
#todayph26

GCash, Maya execs reelected to the FinTech Alliance PH Board

TAGUIG  CITY,  PHILIPPINES  —  Oscar  “Ren-Ren”  Enrico  A.  Reyes,  President  and  Chief Executive Officer of G-Xchange, Inc. (GCash) and Angelo “Gelo” Madrid, President of Maya Bank, and , have been reelected to the Board of Trustees of FinTech Alliance.PH, reinforcing the organization’s leadership bench as it continues to drive the country’s digital finance agenda. 

FinTech Alliance.PH is the country’s leading fintech industry association, representing over 150 corporate  members  that  collectively  account  for  more  than  95%  of  digital  retail  financial transactions in the Philippines servicing in excess of 120 million digital transactional accounts. 

Reyes brings extensive leadership experience across payments,telecommunications, aviation, and  consumer  businesses. At GCash, he leads key business units covering payments and transfer solutions, helping scale one of the country’s largest digital financial platforms. Prior to this,  he  served  as Chief Marketing and Sales Officer of Philippine Airlines and held senior leadership  roles  at  PLDT  and  Smart  Communications.  He  is  a  graduate  of  Management Engineering  from  Ateneo  de  Manila  University  and  has  completed  executive  education programs at CEDEP/INSEAD and in France. 

Madrid, for his part, brings deep expertise in digital banking, fintech innovation, and financial services. He previously served as Country Manager of Tala Philippines, co-founded a fintech venture in partnership with Citi Ventures, and held leadership roles at Citibank. Earlier in his career, he practiced law at Baker McKenzie (Quisumbing Torres) and SyCip Salazar Hernandez & Gatmaitan, specializing in banking, finance, and mergers and acquisitions. He holds a degree in Management and a Juris Doctor from Ateneo de Manila University and earned his MBA from the Duke University Fuqua School of Business. 

GCash and Maya are widely recognized among the Philippines’ leading fintech platforms, and the only two known unicorn-status companies, highlighting the scale, innovation, and global competitiveness they bring to the Alliance. 

“The reelection of Ren-Ren and Gelo reflects the strength of leadership within the Philippine fintech ecosystem,” said Lito Villanueva, Founding Chairman of FinTech Alliance.PH and RCBC Executive  Vice  President  and  Chief  Innovation  and  Inclusion  Officer.  “Their  experience  in building platforms that reach millions of Filipinos aligns with our mission to accelerate inclusive digital finance. As an Alliance, we remain committed to working closely with regulators and industry partners to scale innovation, strengthen trust, and ensure that no Filipino is left behind in the digital economy.” 

The continued presence of GCash and Maya on the FinTech Alliance.PH Board reinforces the Alliance’s  commitment  to  strengthening  industry  collaboration,  advancing  inclusive  digital finance,  and  supporting  innovation  aligned with national priorities for a digitally empowered Philippines. 

PH recalibrates ASEAN 2026 hosting: shifts meetings online, focus on energy security and urgent regional issues

MANILA — ASEAN will continue to navigate its future together, even as the Philippines shifts preparatory meetings for its 2026 Chairship to virtual formats — a timely and necessary move in response to evolving developments in the Middle East and their impact on regional priorities, particularly energy security.

President Ferdinand R. Marcos Jr. has ordered a recalibration of the Philippines’ hosting of ASEAN 2026, scaling down non-essential activities “in order to save on expenses and focus on the most important,” according to Executive Secretary Ralph G. Recto.

As part of this directive, approximately 650 preparatory meetings will now be conducted online.

The upcoming Leaders’ Summit in May will tackle urgent priorities, including energy security, food security, and migrant workers’ concerns. It will proceed as an in-person meeting but on a “very bare bones” format.

To implement the directive, the ASEAN National Organizing Council (NOC), chaired by Recto, issued a 27 March memorandum directing the host agencies to conduct virtually all preparatory meetings — from working groups to ministerial.

Even as formats evolve, ASEAN cooperation remains steady and purposeful, ensuring that the region continues to respond collectively and decisively to shared challenges.