The pre-need industry’s net income surged to P11.21 billion in the first half of the year amid an increase in the number of memorial plans sold, the Insurance Commission (IC) said. According to IC data, this was a 9.45 percent increase collected from January to June last year. The commission said...
The Energy Regulatory Commission (ERC) has prescribed a two-tiered review process before the power supply agreements (PSAs) or contracts underwritten via competitive selection process (CSP) could secure regulatory approval. That has been the main stipulation in the new CSP guidelines that was...
A P1 million top prize is up for grabs for students from State Universities and Colleges (SUCs) that create the best parol or Christmas lantern out of recyclable materials in this year's "Isang Bituin, Isang Mithiin" parol-making contest. Courtesy of Disney (File photo) The Office of the President...
The allowable revenues of transmission firm National Grid Corporation of the Philippines (NGCP) had been pared by more than half to P183.491Billion, or lower by more than P204 billion from the company’s original claims of P387.803 billion as applied for under its fourth regulatory reset. In a...
The Commission on Audit (COA) has recommended that sanctions, like suspension of salaries, be imposed on erring officials of the Department of Information and Technology (DICT) for delay or non-submission of financial statements for three consecutive years. "The DICT did not submit the year-end...
The Securities and Exchange Commission (SEC) renewed its call to various stakeholders for greater cooperation accelerating efforts in mainstreaming sustainable finance, strengthen sustainability reporting, and enable capital markets to meaningfully contribute to a just and equitable transition. The...
The Securities and Exchange Commission (SEC) has announced the “final” extension of its amnesty program for non-compliant and suspended or revoked corporations. In a statement, the SEC said it is giving these delinquents “a last chance to avail of lower fines and penalties with the final...
The Commission on Human Rights (CHR) has started its own investigation on the killing last Sunday morning, Nov. 5, of radio broadcaster Juan T. Jumalon, also known as "DJ Johnny Walker," in Misamis Occidental. Jumalon was broadcasting live over radio station 94.7 Calamba Gold FM located in his...
The Commission on Audit (COA) has raised an alarm over the series of deaths of government-owned buffalos that are loaned out to farmer organizations for their dairy production. It then asked the Philippine Carabao Center (PCC) and the Central Luzon State University (CLSU) to conduct a probe. While...
The Securities and Exchange Commission (SEC) announced that it is strictly enforcing its rules, reminding delinquent and inactive firms to submit the required documents for their businesses to avoid revocation of their licenses and termination from the commission. SEC Chairperson Emilio B....
Senator Sherwin Gatchalian on Sunday, November 5 urged state regulators to strengthen mechanisms for consumer protection amid the continuing proliferation of online fraudulent activities especially with the onset of the Christmas season. Gatchalian, in particular, urged the...
