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...
Yuchengco-led PetroGreen Energy Corp. (PGEC) is set to commence commercial operations at its San Jose Solar Power Plant (SJSPP) in Nueva Ecija on Aug. 1, following approvals from the Energy Regulatory Commission (ERC) and the Independent Electricity Market Operator of the Philippines (IEMOP). PGEC...
The Securities and Exchange Commission (SEC) continues to crack down on erring lending firms and has recently fined LHL Online Lending Inc., doing business under the names and styles of Pautang Online and Pautang Peso, for providing misleading information in its loan agreements. In an order dated...
The Securities and Exchange Commission (SEC) has slapped a ₱1-million penalty on Link Credit Lending Investors Inc., doing business under the names and styles of iPeso and Pesoin, for engaging in unfair debt collection practices. In an order dated July 18, the SEC Financing and Lending Companies...
After issuing a cease-and-desist order last May, the Securities and Exchange Commission (SEC) has revoked the corporate registration and secondary license of Convenience Cash Lending Corp. (CCLC), doing business under the name and style of Zada Cash and Bloom Cash, for engaging in unfair debt...
The Securities and Exchange Commission (SEC) has slapped a 60-day suspension on Jia Financing Inc. for operating an illegal website and for failure to disclose new loan products and services. In a statement, the SEC said it has suspended the certificate of authority of Jia Financing operate as a...
To create a more adaptable policy framework for the energy sector, the Energy Regulatory Commission (ERC) is pushing to implement a “regulatory sandbox” system where new ideas and solutions can be rigorously tested before wider implementation. Outgoing ERC Chairperson Monalisa Dimalanta said...
