The Securities and Exchange Commission is making it easier for overseas investors to establish their presence in the Philippines by allowing corporations with foreign equity to incorporate or register their businesses in just one day. In a bid to further streamline the registration process, the SEC...
President Marcos said he will announce the composition and mandate of the independent commission tasked to investigate flood control anomalies within the next 24 hours. "Within the next 48 hours, I will already announce the powers that we are granting to the independent commission and the members...
A Singapore-based holding company is set to take over Indonesian retail giant PT Mitra Adiperkasa Tbk after receiving clearance from the Philippine Competition Commission (PCC). In a statement, the PCC said the deal was approved after the country’s antitrust body found no risk of reduced...
The Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) are working together to encourage even small companies to go public, as large, family-owned conglomerates are no longer too keen to list their shares as part of estate-planning because inheritance tax has recently...
Senator Joseph Victor “JV” Ejercito on Sunday, September 7 said he supports President Ferdinand “Bongbong” Marcos Jr.’s directive to create an independent commission to investigate anomalies in the country’s flood control projects to dispel doubts about the ongoing investigations into...
The Tariff Commission (TC) aims to conclude its investigation into safeguard measures imposed on imports of corrugating medium—a paper product used for packaging materials—by November to determine whether a definitive duty is necessary to protect the local industry. The TC formally launched its...
Malacañang said President Marcos wants the independent commission tasked to investigate anomalies at the Department of Public Works and Highways (DPWH) to have subpoena power. Palace Press Officer and Communications Undersecretary Claire Castro said on Thursday, Sept. 4. that Marcos wants the...
The Commission on Appointments (CA) on Wednesday, September 3 confirmed the nominations and ad interim appointments of 24 foreign service officials from the Department of Foreign Affairs (DFA), and 20 officers from the Armed Forces of the Philippines (AFP). This, after the CA committees on...
The Philippines is on the verge of achieving universal electricity access despite challenges in its shift toward renewable energy (RE) sources, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). “Countries like Indonesia, Fiji, and the Philippines...
Stressing that a department cannot investigate its own, Department of Public Works and Highways (DPWH) Secretary Vince Dizon said he will abolish the agency 's internal investigation team formed to probe flood control project anomalies. Dizon bared in an interview that he will dissolve the...
The Energy Regulatory Commission (ERC) has revised its rules for the net-metering program, making it easier for consumers to adopt renewable energy (RE) and utilize smart technologies. Net metering is a program that allows consumers, typically those with solar panels, to generate their own power....
Governed by transparency and tasked with promoting competition and protecting consumer interests, the Energy Regulatory Commission (ERC) has released new draft guidelines for the Ancillary Services Procurement Agreements (ASPAs) entered into by the National Grid Corporation of the Philippines...
