The Securities and Exchange Commission (SEC) has issued a cease and desist order (CDO) against the Fortune Wave Group and the PU Prime Group (Pacific Union LLC, PU Prime Philippines, and PU Prime Support PH) for soliciting investments from the public without the necessary approvals from the SEC. In...
The Energy Regulatory Commission (ERC) has approved nearly ₱28.3 billion in recoveries for the National Grid Corporation of the Philippines (NGCP), a decision expected to lead to higher power rates for consumers starting in August. ERC Chairperson Monalisa Dimalanta announced on Monday, July 7,...
The inter-agency Financial Stability Coordination Council (FSCC) reassured that Philippine banks maintain robust capitalization and ample liquidity buffers, navigating through global and local challenges. The BSP said in a statement released on Monday, July 7, that during the FSCC’s meeting for...
The Securities and Exchange Commission (SEC) vows to comply with President Ferdinand Marcos Jr. 's directive to streamline its processes, aligning with the Marcos administration’s vision of an inclusive and efficient capital market that can help pave the way for a financially secure future...
The Energy Regulatory Commission (ERC) doubled its regulatory issuances and actions in the second quarter of the year compared to the previous quarter, resulting in an additional 6,150 megawatts of fresh supply injected into the country’s power grid. In a statement, the ERC said that there were...
Under its new leadership, the Securities and Exchange Commission (SEC) remains committed to implementing reforms that will further enhance the ease of doing business in the Philippines and deepen the capital market. In a courtesy visit to Finance Secretary Ralph G. Recto, new SEC Chairperson...
The Insurance Commission (IC) is proposing to increase premium rates for motor vehicle insurance while also expanding the maximum coverage for policyholders. A draft circular dated June 27, intended for review by non-life insurance companies, proposed an increase in certain basic premium rates for...
The Securities and Exchange Commission (SEC) has established a physical helpdesk in its Makati headquarters that caters to public inquiries and concerns in a bid to streamline processes and improve the efficiency of its services. The Commission said it officially opened the Public Assistance and...
The Civil Service Commission (CSC) is expected to kick off its planned modernization activities, which will be funded by a World Bank loan, this July. In a June 30 implementation status and results report, the World Bank said that the CSC’s Philippines Civil Service Modernization Project is...
The Commission on Elections (Comelec) En Banc has officially declared the finality and immediate executory effect of its resolution reinstating the candidacy of Marcelino “Marcy” Teodoro as member of the House of Representatives in Marikina City 's 1st District. The ruling reverses a...
The Securities and Exchange Commission (SEC) has issued cease-and-desist orders (CDO) against Bravo Zulo Romeo Lending Corp. (BZR Lending) for unauthorized lending operations and Magic Peso for illegally operating an online lending platform and for unfair debt collection practices. In a June 24,...
The Comelec en banc has affirmed the Second Division 's ruling that declared outgoing Manila 6th district Rep. Bienvenido Benny Abante Jr. the duly elected member of the House of Representatives for the sixth district of Manila. In its resolution dated June 30, 2025, the Comelec en banc...
