The Securities and Exchange Commission (SEC) came out as the country’s public-sector “Paper-less Champion” for saving nearly 217 million pages of paper through its online platforms that digitalized company registration and reports submission. Development Academy of the Philippines (DAP)...
Ramon Ang-led Petron Corp. is moving forward with plans to connect its 184.4-megawatt (MW) Refinery Solid Fuel-Fired Boiler (RSFFB) project to the national grid by developing its own point-to-point facilities. The Energy Regulatory Commission (ERC) approved Petron’s application to own and develop...
The Securities and Exchange Commission (SEC) of the Philippines has officially assumed the chairmanship of the Association of Southeast Asian Nations (ASEAN) Capital Markets Forum (ACMF), following the handover ceremony earlier this month in Kuala Lumpur, Malaysia. Taking the helm from the...
The Securities and Exchange Commission (SEC) is pushing for reforms to strengthen the Philippine corporate bond market and broaden capital market access for small and medium enterprises (SMEs), with strategic engagement from the World Bank Group (WBG) and its private-sector lending arm,...
The Securities and Exchange Commission (SEC) has issued for public comment its draft amendments to the rules governing real estate investment trusts (REITs), expanding the list of allowable assets and relaxing limitations on public ownership and the reinvestment period. The Commission released the...
Senator Francis “Kiko” Pangilinan revealed on Monday, November 17 plans to propose a measure that would create a congressional commission to review and address the gaps in the Philippines’ justice system. Pangilinan said this is to address the low conviction rate of criminal cases in the...
The Securities and Exchange Commission (SEC) is moving to establish a witness protection program for individuals who report illegal activities like investment scams, predatory lending, money laundering, terrorist financing, market abuse, and disclosure violations. On Nov. 12, the SEC issued for...
The Energy Regulatory Commission (ERC) has ordered all distribution utilities (DUs) to suspend power line disconnections until the end of the year, following the devastation wrought by Typhoons “Tino” and “Uwan.” In an advisory, the ERC stated that residential and non-residential customers...
Double-digit growth in both life and non-life premiums fueled the insurance industry’s expansion as of end-September, driven by Filipinos’ rising awareness and demand for financial protection. Data from the Insurance Commission (IC) showed that total premiums for the insurance...
Under the law, all contributions in connection with the elections should be reported. Commission on Elections (Comelec) Chairman George Erwin Garcia said this on Monday, Nov. 10, amid Senator Rodante Marcoleta 's statement that he withheld details about campaign donations in his Statement of...
One of the most prominent voices in the private sector has expressed willingness to provide funding support for the Independent Commission for Infrastructure (ICI) in its ongoing investigation into the flood control scandal as calls for accountability and justice ramp up. Al Panlilio, president of...
The Securities and Exchange Commission (SEC) has formed a technical working group with the Philippine Stock Exchange (PSE) to speed up the drafting of new policies that will help in developing the capital market, such as the expansion of the minimum public ownership rule for listed companies. In an...
