The Securities and Exchange Commission (SEC) is warning the public against investing in Iloilo-based Salon de Pamplona as it was found to be soliciting investments without the necessary licenses. In an advisory, the Commission said that Salon de Pamplona is not authorized to sell or offer...
Senator Robinhood "Robin" Padilla is eyeing to file a resolution in relation to the supposed lack of due process in the National Telecommunications Commission's (NTC) imposition of a 30-day suspension on the operations of television network Sonshine Media Network Inc. (SMNI). In a statement on...
The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
The Governance Commission for Government-Owned or Controlled Corporations (GCG) said that appointive directors for state-owned companies are chosen according to their integrity, experience, education, and competence. At the 16th Meeting of the Asia Network on Corporate Governance of State-Owned...
The jurisdiction of the Energy Regulatory Commission (ERC) on resolving contractual disputes involving retail electricity suppliers (RES) has been affirmed in a ruling rendered by the Court of Appeals (CA), including its power to issue cease and desist orders. The decision of the 11th division of...
The National Telecommunications Commission (NTC) on Thursday, Dec. 21 ordered the suspension of Sonshine Media Network International (SMNI) for 30 days. SMNI/NTC "The National Telecommunications Commission (NTC), acting on the House of Representative's Resolution No. 189, entitled 'Resolution...
Gabriela Party-list Rep. Arlene Brosas The 30-day suspension order slapped against SMNI is part of the process to holding the controversial television network accountable. Thus, said Gabriela Party-list Rep. Arlene Brosas in a statement Thursday...
Senator Imee Marcos questioned the National Telecommunications Commission's (NTC) move of issuing a show-cause order and a 30-day suspension at the same time against controversial television network SMNI. "Who's afraid of SMNI? Which media entities will remain to uphold the freedom of the press,...
The Securities and Exchange Commission (SEC) reported that the principals of Kapa Community Ministry International Inc. (KAPA), touted as the largest investment scam in Philippine history, have been sentenced to suffer the penalty of life imprisonment. They have been convicted for syndicated estafa...
Power utility giant Manila Electric Company (Meralco) will be issuing amended terms of reference (TOR) for its competitive selection process (CSP) on the targeted 1,800-megawatt capacity procurement that is scheduled for tenders-submission on December 27 this year. In a briefing with reporters,...
Photo from Pixabay The Civil Service Commission (CSC) reminded government workers to avoid drinking alcoholic beverages in government offices during Christmas and year-end parties. CSC Chairperson Karlo Nograles emphasized the significance of conscientiously celebrating the season, reminding...
Sen. Francis Tolentino confirmed on Tuesday, Dec. 19, that he will vacate the Senate Blue Ribbon Committee post in fulfillment of a sacred commitment to serve for a concise term of one and a half years. "I find it both a duty and an honor to uphold the essence of a prior agreement. This decision is...
