NEWS
GCash, Cebuana Lhuillier Bank enable access to savings for more Filipinos
7:33 p.m. May 19, 2025
Only 1 out of 3 Filipinos can save, with half of them opting to save their money at home, according to the Bangko Sentral ng Pilipinas. However, this traditional way of saving exposes their hard-earned money to risks of fire and theft, with BSP even noting its potential impact on currency circulation.
“Trusted financial institutions provide fundamental security for funds. On top of this, they also offer an opportunity for Filipinos to get the most out of their hard work: the availability of high-yield savings accounts that offer competitive interest rates,” said Winsley Royce Bangit, Group Head of New Businesses, GCash.
In a move to democratize access to high-yield savings accounts among Filipinos, GCash, through GSave, has partnered with microfinancial services provider Cebuana Lhuillier Bank to offer a savings account designed to provide higher interest rates, accessible through an e-wallet they already trust for everyday transactions.
“GCash and Cebuana are driven by the same mission of making financial services accessible to Filipinos nationwide, especially the underserved communities,” said Bangit. “Through this collaboration, we hope to empower Filipinos to cultivate their financial well-being by transforming saving from being a burden to being an actionable step.”
With over 3,500 branches nationwide, Cebuana is bringing its expertise in financial inclusion to the cashless ecosystem, enabled by finance super app GCash, with millions registered users in the country. Under the partnership, GCash users can now open an eC-Savings by Cebuana Lhuillier Bank account through GSave, a savings marketplace where users can grow and secure their funds within the GCash app. Account holders of eC-Savings by Cebuana Lhuillier Bank on GSave will get 3.5% p.a. interest, regardless of their deposit amount, enabling them to earn higher interest income compared with traditional savings accounts.
Perks for Savvy Savers: Cashback and Insurance
To help jumpstart their savings journey, users who open eC-Savings by Cebuana on GCash will get PHP 100 cashback on their initial deposit. Moreover, eC-Savings account holders will get up to PHP 33,000 in free accident coverage.
“While most hardworking Filipinos understand the value of having insurance, cost still prevents them from prioritizing it,” noted Bangit. “We introduced this benefit so they no longer have to face a trade-off between building their savings and having peace of mind during their daily hustle.”
Savings Made More Accessible
A key deterrent for Filipinos to save money in traditional banks is the perceived complexity of opening a bank account, typically requiring in-person visits and submission of supporting documents. The availability of Cebuana Lhuillier Bank on GSave eliminates this hurdle, as GCash users can open an account on GSave on the app, without having to submit additional IDs.
The BSP study also noted that among the mass market, the amount of savings they have tends to be small and often earmarked for immediate expenses, with most preferring to keep funds readily accessible at home. Given this need for accessible savings, GSave enables users to deposit as low as PHP 1 directly from their GCash wallet. Users no longer have to worry about their accounts being closed, as the eC-Savings account does not have a minimum maintaining balance.
“Filipinos’ hardworking spirit deserves to be matched by financial services that work just as hard as they do, actively supporting their financial goals. By building upon the trust of millions of Filipinos in GCash and Cebuana, we hope to empower their aspirations for a secure future by making saving truly accessible and rewarding for all,” concluded Bangit.
To open an eC-Savings by Cebuana account on GSave, you must be a Filipino Citizen, at least 18 years old, and a fully verified GCash user. Ready to grow your money? You may access GSave through the GCash dashboard or find it under “Grow.” No GCash yet? Download the GCash App on the Apple App Store, Google Play Store, or Huawei App Gallery. Kaya mo, i-GCash mo!
NEWS
MTerra Solar powers up 250 MW, boosting energy supply amid global volatility
7:45 p.m. April 1, 2026
Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), has successfully energized the first 250-megawatts (MW) of its solar capacity – now operating as a generator and marking the start of its contribution to the country’s growing demand for reliable and clean energy.
This milestone represents a critical step in the project’s phased development and comes at a pivotal time for the Philippines, as global fuel market volatility driven in part by the current situation in the Middle East, continues to highlight the urgency of strengthening domestic and renewable energy sources. The early delivery of capacity from MTerra Solar reinforces efforts to enhance the country’s energy self-sufficiency and reduce exposure to imported fuel risks.
“Reaching this milestone reflects the strong execution, collaboration, and dedication of our teams and partners. More importantly, it underscores the role of projects like MTerra Solar in helping secure the country’s energy future at a time when reliability and
affordability are under increasing pressure,” said MGEN Renewables and MTerra Solar President and CEO Dennis B. Jordan.
MTerra Solar was initially authorized to export up to 85 MW of firm power to the grid as part of testing and commissioning activities. With the continued support from the Department of Energy (DOE) and the National Grid Corporation of the Philippines (NGCP), the facility is now exporting up to 250MW — providing additional capacity to help stabilize supply during a period of heightened system demand.
During a previous MTerra Solar event, DOE Secretary Sharon Garin emphasized the project’s significance in strengthening the country’s renewable energy pipeline and addressing immediate supply challenges.
“The initial grid synchronization of MTerra Solar – led by MGEN and Actis – represents a meaningful step towards our transition to a cleaner and more energy-resilient Philippines. Developments of this scale are critical as we navigate current global uncertainties while ensuring long-term energy security,” Secretary Garin said.
“Beyond its contribution to the renewable energy transition, MTerra Solar plays an important role in supporting the country’s near-term energy requirements. The project’s phased energization enables earlier delivery of capacity to the grid, helping ease supply constraints and supporting efforts to maintain stable electricity prices amid evolving global conditions,” MGEN President and CEO Emmanuel V. Rubio shared.
In addition, MTerra Solar has also energized the first tranche of its battery energy storage system (BESS). Through energy generated from its solar output, the plant has been able to deliver up to 450 MWh of energy to the grid at night. This tranche now represents the largest operational BESS available in the Philippines.
Following these milestones, the facility will still undergo a series of comprehensive activities in the coming weeks to ensure the safe, efficient, and reliable integration of battery storage with the solar facility. Once fully operational, the integrated BESS will enhance grid stability and enable the dispatch of renewable energy beyond daylight hours, strengthening system reliability while maximizing the value of solar power generation.
MTerra Solar underscores MGEN’s commitment to advancing a diverse energy portfolio that addresses the energy trilemma – ensuring that supply remains sustainable, reliable, and affordable. At full capacity, the project is expected to generate up to 3,500 MWp of solar power, supported by a 4,500 MWh battery energy storage system – delivering clean energy to approximately 2.4 million households.
The project will also avoid an estimated 4.3 million tons of carbon emissions annually, equivalent to removing more than 3 million gasoline-powered vehicles from the road. With
Phase 1 on track for completion this year and Phase 2 already under construction, MTerra Solar will continue to scale up its capacity, contributing meaningfully to the Philippines’ renewable energy targets of 35% by 2030 and 50% by 2040.
NEWS
Food delivery rider smashes PH cycling record using bike with P2,500 frame
2:25 a.m. March 30. 2026
TAGAYTAY City— Patrick Gerard Lee put the Philippines on the medals board with his bronze medal in men C5 scratch race of para cycling in the Asian Cycling Confederation Track and Para Track Cycling championships on Sunday at the Tagaytay CT Velodrome.
It was the first medal for the Philippines in the annual championships hosted this year by the PhilCycling and Tagaytay City—and the first continental exposure of the national para cycling team.
As importantly, Lee earned points for qualification to the Los Angeles 2028 Paralympics.
But before Lee turned the crowd inside the Tagaytay CT Velodrome into a frenzy, a Panda Food delivery bike rider—Zedrick Ivan Honorica—set a new Philippine record in men elite sprint using the same bike he uses in plying his trade.
Honorica’s bike? A Brain frame that costs P2,500 and a wheel set worth P12,000 which he raised from delivering food—a bicycle that astronomically pales to the equipment used by the elite countries’ riders, some breaching P7 million.
“I pushed and pushed myself, it’s a very tough race,” said Lee, 21, who lost his right forearm from under the elbow in a meat grinder at his aunt’s stall at Marilao Market when he was five years old.
“I’m really very happy because it’s for our country,” added Lee, who’s set to race again on the last day Wednesday of the championships supported by Tagaytay City Mayor Brent Tolentino and supported by the Philippine Sports Commission, Philippine Olympic Committee, MVP Sports Foundation, Sports Plus PH, Toyota and Peak.
Uzbekistan’s Azimbek Abdullaev won the gold medal and Japan’s Ruito Kameda secured the silver but with a tough challenge from Lee—the result went down to the photo finish.
Another Filipino, Joel Inn Tacutaco, finished fifth in the 14-rider race.
Honorica? He’s not your ordinary elite cyclist—literally, he came out of nowhere.
“I race in ‘bente-bente, nothing more,” said the 21-year-old who broke the national record his fellow Marikeño and many-time tour champion Jan Paul Morales set in the Doha 2006 Asian Games.”
“I wasn’t aware of the national record, but I know Kuya JPM [Morales], him being a champion … he doesn’t know me, though,” he added.
Honorica said he’s an accidental member of the national team in the Asian championships.
“I saw a post on Facebook by national coach Gil [Virgilio Espirutu) on an invitation for a power test [informal tryouts], and I was second best … that was only last January,” he said.
Honorica clocked 10.865 seconds, beating Morales’s 20-year-old record of 11.42 seconds.
The effort landed him in 21st out of 22 riders in the event won by Japan’s Kaiya Ota in 9.348 seconds, also shaving a fraction from his previous best of 9.350.
NEWS
NTC activates nationwide Communications Support for Holy Week 2026
2:12 p.m. March 29, 2026
The National Telecommunications Commission (NTC) has mobilized nationwide public assistance operations to ensure reliable and uninterrupted communications during the Holy Week observance.
All NTC Regional Offices are directed to coordinate closely with the National Disaster Risk Reduction and Management Council (NDRRMC), Civic Action Groups (CAGs), Amateur Radio Groups (ARGs), and Local Government Units (LGUs), including their Local Disaster Risk Reduction and Management Offices (LDRRMOs), to strengthen on-the-ground communication support and emergency response.
To further enhance readiness, the NTC will facilitate the swift issuance of temporary permits and licenses to ensure the seamless operation of communication support teams, especially as millions of Filipinos are expected to travel nationwide.
Telecommunications and broadcast entities are likewise enjoined to actively assist in the timely and accurate dissemination of public advisories.
Through these coordinated efforts, the NTC reaffirms its commitment to public safety, consumer welfare, and dependable communications services throughout Holy Week.

