The Securities and Exchange Commission (SEC) is “closely monitoring” the arrest of Global Ferronickel Holdings Inc. (FNI) Chairman Joseph C. Sy over allegations of misrepresentation of his citizenship. “Given Mr. Sy’s role as chairman of a publicly listed company, the SEC is closely...
Members of the powerful Commission on Appointments (CA), responsible for confirming or rejecting presidential appointees, swore in and elected officers during its first plenary session on Tuesday, Aug. 26, for the 20th Congress. During Tuesday’s plenary session, August 26, 2025, Senate President...
The Securities and Exchange Commission (SEC) has ordered seven online platforms to stop lending-related operations since they are not registered with the Commission. In separate cease and desist orders (CDOs) dated Aug. 15, the SEC Financing and Lending Companies Department (FinLend) directed Cash...
The Energy Regulatory Commission (ERC) said the regulator would accelerate its decisions on power supply deals to boost investor confidence and ensure reasonable prices for consumers. During a recent meeting, ERC Chairperson Francis Saturnino Juan stated that the commission needs to implement...
A successful compromise agreement—a process initiated during the previous administration—added ₱714 million to national coffers last May, coming from the current owner of a Monet painting that had been sold overseas and formed part of the ill-gotten wealth of the late strongman Ferdinand E....
Sun Life of Canada (Philippines), Inc. maintained its lead in the domestic life insurance industry, posting ₱28.9 billion in premium income in the second quarter of the year. In a statement, the local unit of Sun Life of Canada, Inc. reported that premium earnings were nearly double the...
Villar Land Holdings Corp. maintained that its delay in submitting financial reports was caused by its external auditor’s varying requests for additional audit procedures regarding the valuation of properties acquired for Villar City. The firm confirmed in a statement on Thursday, Aug. 21, that...
The Securities and Exchange Commission (SEC) has fined Villar Land Holding Corp. and its officers a total of ₱12 million after denying the company’s request for an extension to file required financial reports, citing repeated failure to meet deadlines. The SEC’s investigation was prompted by...
The Philippine Stock Exchange has implemented new rules which give it the discretion to cancel trading in the event of natural disasters or terrorist attacks as well as during glitches in the bourse’s trading system. In a memorandum, PSE President and CEO Ramon S. Monzon said these rules have...
In a continued effort to broaden access to the Competitive Retail Electricity Market (CREM), the Energy Regulatory Commission (ERC) is seeking to fast-track the lowering of the threshold for retail competition to allow more end-users to benefit from Retail Competition and Open Access (RCOA). ERC...
Senate President Francis “Chiz” Escudero on Monday, August 18 named the initial nine members of the Commission on Appointments (CA) for the 20th Congress. The initial nine members are Senators 1. Ronald “Bato” Dela Rosa, 2. Joseph Victor “JV” Ejercito, 3....
The Philippine insurance industry posted a double-digit growth in terms of premium collections in the first six months of 2025, according to the Insurance Commission (IC). Latest data from the IC showed that combined premiums for both life and non-life insurance products reached ₱242.8 billion as...
