Consumers and lawmakers cheered the SONA pledge to scrap system loss charges as if Christmas had come early with a gift-wrapped power discount. But electricity has a wicked sense of humor: erase the line item today, and the cost may quietly return tomorrow wearing a different name. After all, no...
The Securities and Exchange Commission (SEC) is urging micro, small, and medium enterprises to incorporate their businesses, aiming to connect small operations with capital market fundraising to drive long-term expansion. The call comes as the corporate regulator wrapped up a three-day event...
Manila Electric Co. (Meralco), the largest power distributor in the country, assured full compliance with the Energy Regulatory Commission’s (ERC) order to credit ₱9.51 billion back to its customer base. “Meralco supports initiatives of the government to provide relief to consumers and ensure...
Manila Electric Co. (Meralco) was ordered by energy regulators to refund ₱9.51 billion to its customer base after collecting unauthorized charges. The Energy Regulatory Commission (ERC) directed the country’s largest power distributor to return an average rate of ₱0.3449 per kilowatt-hour...
The war in the Middle East could push as many as 86,000 more people living in Philippine urban areas into poverty as higher fuel, food, as well as transport costs strain household budgets, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). In its...
The Securities and Exchange Commission (SEC) approved rules allowing the registration and trading of structured warrants, introducing a new derivative product intended to boost liquidity and broaden investment options in the local capital market. Speaking during the SEC on Record weekly online...
At least two senators heeded President Ferdinand “Bongbong” Marcos Jr.’s call for an end to system loss charges burdening electricity consumers. Senate President Sherwin Gatchalian and Sen. Joseph Victor JV” Ejercito each filed a bill on the matter, saying it is imperative that Filipino...
The Bangko Sentral ng Pilipinas (BSP) cautioned the public against transacting with Bangko Maharlika Ltd., an entity currently operating under the name “The Bank of Humanity,” stating that the firm lacks the legal authority to conduct financial services in the country. In an advisory issued...
The Securities and Exchange Commission (SEC) has launched its Sukuk framework to advance the development of the country’s Islamic finance market by encouraging companies to offer Shari’ah-compliant investment products. In partnership with the Manila-based Asian Development Bank (ADB), the SEC...
Around 5,000 participants, including persons with disabilities (PWDs), gathered at the University of the Philippines Diliman grounds on Sunday, July 26, as the Philippine Sports Commission (PSC) staged the 2026 Walk Run & Roll, a community event aimed at promoting inclusion through sports....
The Securities and Exchange Commission (SEC) has slapped a ₱1.03 million fine on Inclusive Credit Lending, Inc. for imposing excessive interest rates of up to 262.67 percent and engaging in unfair debt collection practices, including threats and public shaming. In an order dated July 21, the SEC...
Public schools can now move forward with the staffing of newly created counselor positions after the Civil Service Commission (CSC) approved the qualifications for the posts under a law strengthening mental health services for students. The approved qualification standards (QS) cover Schools...
