The Securities and Exchange Commission (SEC) has slapped a ₱1.1 million fine on Fast Coin Lending Corporation for engaging in unfair debt collection practices and imposing interest rates beyond legal limits. In an order, the SEC Financing and Lending Companies Department (FLCD) found Fast Coin...
The Securities and Exchange Commission (SEC) is proposing an overhaul of its regulations governing credit rating agencies to bolster the integrity of the local debt market and attract broader investor participation. In a draft memorandum circular released for public comment, the regulatory body...
Government agencies now have clearer rules on implementing a four-day compressed workweek after the Civil Service Commission (CSC) revised its policy on flexible work arrangements. Under the revised policy, agencies may allow employees to complete the required 40-hour workweek in four days instead...
The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against EF Easy Franchise Technological Ventures Inc., which counts popular show host Rene “RJ” Ledesma as a co-founder, to stop its illegal solicitation of investments from the public for so-called franchise...
If there is one thing that has united consumers in recent months, it is not a national holiday or a collective celebration: it is the shared shock and frustration of opening their electric bills. For the millions of subscribers of the Manila Electric Co. (Meralco), every billing cycle has become an...
The Securities and Exchange Commission (SEC) found a surge in quality management deficiencies among the nation’s largest accounting firms in its latest multiyear inspection cycle, even as individual corporate audits showed signs of improvement. The regulator’s 2026 SEC Oversight Assurance...
The Department of Agriculture (DA) is exploring the imposition of higher tariffs by at least 13 percentage points (ppt) on certain rice imports from four of its major suppliers, including Vietnam, as a safeguard measure to mitigate the impact of rising imports on the domestic rice industry. Upon...
Pakistan, one of the Philippines’ top rice suppliers, has questioned whether the Philippine government is complying with global trade rules in its plan to impose safeguard measures to restrict rice imports and shield local farmers. During the Tariff Commission’s (TC) preliminary conference on...
The Philippine Stock Exchange (PSE) is pushing back against the securities regulator’s decision to open the door to cryptocurrency trading, warning that the move risks siphoning individual investors away from traditional equities and undermining capital market development. The critique follows...
The Philippines remains energy insecure as its growing dependence on Middle Eastern crude oil and tightening power reserves leave the country increasingly vulnerable to global fuel supply disruptions as well as power supply risks, according to state-run think tank Philippine Institute for...
Underwriters managing the planned ₱92.3 billion initial public offering (IPO) of Mynt Inc., the operator of the mobile wallet GCash, are in discussions with regulators to reduce or eliminate a mandatory 20 percent share allocation for local trading participants. The push to modify the rule comes...
The Philippine Competition Commission (PCC) has imposed a fine of ₱2.17 million on the Boracay Business Administration of Scuba Shops (BBASS) and its members for engaging in anti-competitive behavior by means of price-fixing on the popular island destination. In a statement on Friday, July 3, the...
