San Miguel Global Power (SMGP) said Wednesday, Aug. 13, that the Philippine Electricity Market Corp. (PEMC) has cleared its Ilijan Gas Power Plant of any violations related to a 2022 outage, calling a recent regulatory order from the Energy Regulatory Commission (ERC) “outdated and without...
The Securities and Exchange Commission (SEC) has drafted guidelines for the adoption of Philippine Financial Reporting Standards (PFRS) in the preparation of sustainability reports by publicly listed companies (PLCs) and large non-listed (LNL) entities. In a notice dated July 30, the SEC Corporate...
The Securities and Exchange Commission has started a fact-finding exercise into the allegations over the surge in valuation of the vast tracts of prime property owned by Villar Land Holdings corporation, and the company said it welcomes the probe. In a media interview, SEC Chairman Francis Lim...
The Securities and Exchange Commission (SEC) has ordered Fuse Lending Inc. to stop its unlicensed lending operations while suspending Sumulong Financing for failing to get approval for its business plan. The Commission said it has issued a cease and desist order (CDO) against Fuse Lending for its...
With thousands set to take the Career Service Examination – Pen and Paper Test (CSE-PPT) on August 10, the Civil Service Commission (CSC) has issued reminders to ensure examinees arrive on time, follow the dress code, and comply with testing rules. The CSC reminded examinees to be at the testing...
Senate Majority Leader Joel Villanueva called on the Civil Service Commission (CSC) to be more proactive in implementing a ban on all forms of gambling particularly online gambling, in all government offices, officials and employees. Villanueva called on the commission to issue a definitive policy...
The Securities and Exchange Commission (SEC) has ordered all publicly-listed companies to stop the classification of common shares, which was previously imposed to monitor foreign ownership limits, to ensure efficiency in executing and settling equity trades. The Commission on Thursday, Aug. 7,...
The Securities and Exchange Commission (SEC) warned the public against dealing with online platforms that provide crypto-asset services without necessary licenses from the commission. In an advisory, the SEC Enforcement and Investor Protection Department identified platforms operated by...
The new chief of the Energy Regulatory Commission (ERC) has vowed to streamline the lengthy rate reset processes and tariff reviews that have burdened distribution utilities for a decade. In his welcome speech during a leadership turnover on Thursday, Aug. 7, ERC Chairperson Francis Saturnino Juan...
Manuel V. Pangilinan-led Manila Electric Company (Meralco) has partnered with the Energy Regulatory Commission (ERC) and the Quezon City local government unit (LGU) to launch a joint initiative aimed at advancing the greater use of renewable energy (RE) sources in the metropolitan area....
Securities and Exchange Commission (SEC) Chairman Francis Lim underscored the growing maturity of corporate governance in the ASEAN despite the adoption of more rigorous standards. Lim spoke during the 2025 ASEAN Corporate Governance Conference and Awards (CGCA) held last July 24 in Kuala Lumpur,...
The Energy Regulatory Commission (ERC) has issued a show-cause order against South Premiere Power Corp. (SPPC) for alleged anti-competitive behavior related to the operation of the Ilijan Power Plant in June 2022. In a statement on Tuesday, Aug. 5, the ERC said it acted on a recommendation from the...
