Starting this year, the Securities and Exchange Commission (SEC) will be more stringent in ensuring that large corporations and publicly listed firms raise the bar in sustainability reporting to support market credibility. “This is why the SEC issued Memorandum Circular (MC) No. 16 in 2025. By...
The Securities and Exchange Commission (SEC) is ready to face Philippine Stock Exchange (PSE) broker-directors in court if they pursue a legal challenge against the commission’s proposed imposition of term limits for brokers sitting on the board of an exchange. “We ’ re not afraid to go to...
Presidential Communications Office (PCO) Undersecretary Claire Castro, on Monday, March 23, defended President Marcos for appointing acting secretaries and not secretaries to lead several agencies of the government. Castro, in a press briefing, said the President "means no offense to the...
The Securities and Exchange Commission (SEC) has revoked the registration and operating license of Gul-Zara Lending Investor Corp. after the firm failed to meet mandatory reporting requirements and defied moratorium on new digital lending platforms. The corporate regulator’s Financing and Lending...
The Securities and Exchange Commission (SEC) is seeking formal counter-proposal from stockbrokers as tensions escalate over the plan to impose term limits on directors at the Philippine Stock Exchange (PSE). SEC Chairman Francis Lim said that while he remains open to feedback from the Philippine...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Dual Fuel Petroleum Corp. after finding the company illegally solicited investments from the public through a scheme that regulators likened to a Ponzi operation. In an order, the corporate regulator also imposed...
The Commission on Elections (Comelec) En Banc has adopted the recommendation to file election offense charges against the contributors of Senator Rodante Marcoleta when he ran for the 2025 midterm polls. In a resolution, the Commission En Banc adopted the recommendation of the Political Finance...
San Miguel Global Power Holdings Corp. won approval from the Securities and Exchange (SEC) Commission to raise as much as ₱30 billion through a bond offering to refinance its debt and bankroll the expansion of its renewable energy portfolio. The regulator’s en banc commissioners rendered the...
Senator Imee Marcos on Tuesday, March 17 scored President Ferdinand “Bongbong” Marcos Jr. over the “increasingly rampant practice” of the President to appoint acting Cabinet secretaries. Marcos said this practice of the President, in effect, strips off the Commission on Appointments (CA) of...
The Securities and Exchange Commission (SEC) has penalized lending firm Nittan Capital Finance Inc. (NCFI) for failing to completely disclose to borrowers its charges, interest rates, amortization, and other fees prior to the signing of a loan agreement. In an order dated Feb. 13, the SEC’s...
The Securities and Exchange Commission (SEC) has cleared a plan by PNB Holdings Corp., the real estate arm of Philippine National Bank, to list its shares on the local bourse by way of introduction, paving the way for the lender to unlock value from its prime property portfolio. The Commission En...
Senate President Pro Tempore Panfilo "Ping" Lacson said on Saturday, March 14, that the Commission on Appointments (CA) could be held liable for violating the law if it amends the minutes of its Feb. 4 hearing. This specific hearing included Sen. Rodante Marcoleta 's "give up the Kalayaan...
