President Marcos said that the newly-formed Independent Commission for Infrastructure (ICI) wants to get something done as quickly as possible and agreed to meet daily. Marcos said the commission intends to fast-track its probe into anomalous flood control projects so as not to waste the...
It 's not enough to only discover how much public funds have been stolen, the unfinished and substandard projects must also be redone and completed, President Marcos said. And the reimplementation of those projects will no longer be paid for by the government, Marcos said as he insisted that...
President Marcos has named retired Supreme Court Associate Justice Andres Reyes Jr. as chair of the newly created Independent Commission for Infrastructure (ICI), which will probe corruption and irregularities in flood control and related government projects. In a press conference in Malacañan on...
The Energy Regulatory Commission (ERC) vowed to fast-track decisions on pending capital expenditure (CAPEX) projects from the National Grid Corporation of the Philippines (NGCP), following a request from the Department of Energy (DOE). On the sidelines of the 2025 Economic Journalists Association...
The Securities and Exchange Commission (SEC) has issued new guidelines clarifying which securities offerings are exempt from registration, aiming to streamline the process for companies raising capital. In a statement, the SEC said it wants to provide clearer guidance to potential capital market...
Filinvest Group is advancing the government’s power aggregation program by shifting 11 of its facilities to renewable energy, a move that was recognized by the Energy Regulatory Commission (ERC). The shift was undertaken by Filinvest’s licensed retail electricity supplier, FDC Retail...
Senate President Vicente “Tito” Sotto III said on Sunday, September 14 that he will formally ask President Ferdinand “Bongbong” Marcos Jr. to certify the proposed Independent People’s Commission as urgent to expedite the passage of the bill. Sotto said Senate Bill No. 1215 primarily...
President Marcos has tapped three seasoned reformists to take on one of the toughest jobs in government today: rooting out corruption in flood control and infrastructure projects. The newly created Independent Commission for Infrastructure (ICI), formed under Executive Order No. 94, will...
Shareholders of Liberty Flour Mills Inc. have requested that the Securities and Exchange Commission intervene and investigate alleged irregularities involving the company, as well as the ₱804.7 million in uncollected receivables from its distributor, Parity Values Inc. (PVI). Through their...
Malacañang announced two of the three members forming the Independent Commission for Infrastructure (ICI), a body created to investigate alleged corruption, irregularities, and misuse of funds in government flood control and other infrastructure projects over the past decade. In a press briefing...
President Marcos has issued Executive Order (EO) No. 94, creating the Independent Commission for Infrastructure (ICI), a powerful fact-finding body tasked to investigate corruption and irregularities in flood control and other public works projects. Based on the EO, the ICI’s immediate priority...
Senate President Vicente “Tito” Sotto III on Wednesday, Sept. 10, said candidates in the recent elections who allegedly received campaign funds from government contractors should, at the very least, explain the matter, noting that the law prohibits such contributions. “Sana nag-ingat,...
