The Securities and Exchange Commission (SEC) has released draft guidelines to lift its nearly five-year moratorium on online lending platforms, signaling a shift toward digital expansion while tightening oversight of the nation 's burgeoning fintech sector. The proposed circular, released for...
Former environment secretary Raphael Perpetuo “Popo” Lotilla on Wednesday, March 11, vowed to help bolster the ties between Manila and the Vatican City. This, after the Commission on Appointments (CA) approved Lotilla’s appointment as Ambassador Extraordinary and Plenipotentiary to the Holy...
A potential loophole involving girlfriends or boyfriends as well as extramarital relationships of public officials was raised on Tuesday, March 10, during Senate deliberations on a bill that would disqualify relatives of government officials from participating in government bidding. During the...
The Securities and Exchange Commission (SEC) has relaxed its rules for firms holding annual stockholders’ meetings (ASMs) earlier than prescribed by requiring only a notification instead of prior approval from the commission. The SEC said this applies to publicly listed companies (PLCs) and other...
The Senate on Monday, March 9, approved on third and final reading Senate Bill No. 1744, otherwise known as the Fair Debt Collection Practices Act. Voting 20-0-0, the Upper Chamber approved the proposed measure, which aims to regulate debt collection practices and protect debtors from abuse,...
Overcoming great challenges will not be possible if half of humanity is excluded from shaping solutions. This was what President Marcos told world leaders during the 70th session of the United Nations Commission on the Status of Women, emphasizing that women must be present where decisions are...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of MCM Royalty Legacy International Inc. and fined its leadership for the unauthorized solicitation of investments from the public, according to an order from the regulator. The SEC’s Enforcement and Investor...
The Philippine Association of Securities Brokers and Dealers Inc. (PASBDI) has opposed the plan by the Securities and Exchange Commission (SEC) to impose a mandatory 10-year term limit on broker directors of exchanges, arguing the move would strip the local bourse of critical expertise. In a...
The Securities and Exchange Commission (SEC) is moving to overhaul the stock exchange 's leadership, proposing strict term limits that would unseat several long-serving power players in the local brokerage community. Under draft SEC rules released for public comment, broker directors would be...
The Securities and Exchange Commission (SEC) has released new rules on sukuk issuances in the Philippines to support the continued development of the country’s Islamic capital market and further expand the range of Shari’ah-compliant investment opportunities. On Feb. 25, the SEC issued...
In the Philippine energy sector, ‘greed integration’ isn’t subtle anymore. It has been stamped in black and white with the jaw-dropping ₱11/kWh offshore wind price recently approved by the Energy Regulatory Commission (ERC). This rate applies to the targeted 3,300-megawatt capacity auction...
The Securities and Exchange Commission (SEC) ordered Digido Finance Corp. to permanently stop its financing activities after finding that the firm continued operations despite the revocation of its corporate registration and secondary license last year. In a Feb. 18 order, the SEC’s Financing and...
