The Securities and Exchange Commission (SEC) has ordered Umeta Credit Lending Corp. to stop its unauthorized operation of unrecorded online lending platforms (OLPs)—FinLedger-Smart Ledger, Cash Twig, Meta Cash, and MorePautang-Loan Hub—and for engaging in unfair debt collection practices. In a...
Senate President Pro Tempore Panfilo “Ping” Lacson said on Thursday, February 19 he supports calls to expunge from the records of the Commission on Appointments (CA) remarks made by Sen. Rodante Marcoleta suggesting the Philippines “give up” the Kalayaan Island Group to China. Lacson was...
The Securities and Exchange Commission (SEC) is moving to overhaul the training requirements for corporate board members and executives, proposing a new set of guidelines aimed at aligning local boardrooms with international governance standards. The regulator released a draft memorandum circular...
The Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) are moving to revitalize the domestic capital market by introducing rules for Global Philippine Depository Receipts, which would allow local investors to trade foreign stocks in the local currency. SEC Chairman...
The cost of electric power in the Philippines remains among the highest in Asia. This is driven by a combination of high imported fuel costs, ongoing grid work-in-progress, significant system losses (five percent in Singapore versus 10 percent in the Philippines), and an oligopolistic market...
A Senate bill is seeking to provide mechanisms to make polling places readily available to PWDs, pregnant women, and indigenous people. Senator Mark Villar filed Senate Bill No. 1698, titled “An Act Enhancing Accessibility in the Voting of Senior Citizens, Persons with Disabilities, Pregnant...
Senate Majority Leader Juan Miguel “Migz” Zubiri sponsored on Wednesday, Feb. 11, Senate Bill No. 1823, a measure that resets the first regular Bangsamoro Parliament elections to the second Monday of September 2026 and every three years thereafter. “This is the fourth postponement, and it...
The Securities and Exchange Commission (SEC) has penalized Global Dominion Financing Inc. for employing unfair and abusive debt collection practices through third-party agents amid tightening of oversight on the nation’s lending sector. In a formal order, the SEC’s Financing and Lending...
President Marcos will undertake a working visit to New York from March 8 to 11 to participate in United Nations (UN) engagements, Malacañang announced Monday, Feb. 9. In a press briefing, Presidential Communications Office (PCO) Undersecretary Claire Castro announced that the President will attend...
Teachers seeking promotion through graduate studies remain vulnerable to enrolling in unaccredited or unauthorized programs, a problem that surfaced during a Senate hearing on Tuesday, Feb. 3. Senator Erwin Tulfo raised the issue during the hearing of the Committee on Civil Service, Government...
Billionaire Manuel B. Villar denied allegations of price manipulation and insider trading filed by the Securities and Exchange Commission (SEC), describing the charges as baseless while vowing to defend his family’s business reputation. Villar, the Philippines’ richest person, said in a...
The Securities and Exchange Commission (SEC) filed criminal charges against Villar Land Holdings Corp., its top executives, and related entities for alleged market manipulation and insider trading. In a complaint filed with the Department of Justice on Jan. 30, the regulator accused the company of...
