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...
Renewable energy (RE) firm Alternergy Holdings Corp.’s wind unit has been granted a regulatory go-signal to link the 64-megawatt (MW) Alabat wind power project in Quezon province to the Luzon grid. In a statement on Monday, Aug. 4, Alternergy announced that the Energy Regulatory Commission (ERC)...
The European Union (EU) announced that it is providing €500,000 (approximately P33 million) in humanitarian aid to help the victims of the recent typhoons and floods in the Philippines. In a statement, the EU said the funding “will help address the most pressing needs of people in the hardest...
The Securities and Exchange Commission (SEC) clarified that the Capital Markets Efficiency Promotion Act (CMEPA) does not introduce new taxes concerning the 20 percent tax on interest income on long-term deposits, but instead standardizes the tax rate across investment instruments. “The tax code...
The Philippine Competition Commission (PCC) has cleared the proposed joint venture between Ayala Corp. and Mitsubishi Corp., stemming from the latter’s acquisition of a 50 percent stake in Ayala-led AC Ventures Holding Corp. In a statement on Thursday, July 31, the country’s antitrust body...
The Securities and Exchange Commission has advised the public against dealing with Fortune Wave Solution Hub OPC, Fortune Wave Trading, and Fortune Wave Trading PH, as these firms are not authorized or licensed to solicit investments. The group has been found by the SEC to be offering schemes...
State-run Social Security System (SSS) will roll out a pension reform program (PRP) starting September, granting higher monthly pensions, with a total 33 percent increase for retirement and disability beneficiaries over three years. Retirement and disability private pensioners under SSS will...
Filipino-Americans are finding new ways to reconnect with their roots—and for filmmaker Joel Nathan “Bani” Logroño, that journey is being told through animation. Appearing on The Chairman’s Report hosted by Commission on Filipinos Overseas (CFO) Secretary Dante “Klink” Ang II,...
The Securities and Exchange Commission (SEC) emphasized that credible data and transparency are critical in driving sustainable finance and advancing environmental, social, and governance (ESG) outcomes. During the CRIF Forum 2025, SEC Commissioner Javey Paul D. Francisco challenged businesses and...
