With a one-percentage-point (ppt) hike in members’ contribution rate to 15 percent that took effect this year, the Social Security System (SSS)—the state-run pension fund for private-sector workers—grew its net income by 46.9 percent to ₱66.45 billion in the first half of 2025. The SSS’...
A rare remittance from the Presidential Commission on Good Government (PCGG)—reportedly proceeds from the sale of a Claude Monet painting considered as ill-gotten wealth by the family of strongman Ferdinand Marcos Sr.—has helped triple the Marcos Jr. administration’s privatization revenues in...
President Marcos has appointed former Taguig City councilor Michelle Anne Gonzales as chairperson of the Presidential Commission for the Urban Poor (PCUP). She took her oath before Executive Secretary Lucas Bersamin in Malacañan on Friday, July 25. Gonzales replaced Meynardo Sabili based on her...
The Securities and Exchange Commission (SEC) has filed criminal charges against the employees, officers, and owners of Creditable Lending Corp., the operator of online lending application Easypeso, for engaging in abusive collection practices. Through an inquest proceeding on July 17, the SEC,...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported that electricity prices in the Wholesale Electricity Spot Market (WESM) have significantly dropped in the first half of 2025. This was due to better supply margins, transmission infrastructures, and the renewable energy...
To encourage more corporations to offer stocks and bonds to the public, the Securities and Exchange Commission (SEC) is enforcing strict 45-day processing timelines and giving a 30-percent discount to companies that will conduct public offerings until the end of the year. The Commission on July 24...
The Asian Network for Free Elections (ANFREL) has launched its final election observation report on the 2025 Philippine National and Local Elections, commending the Filipino electorate for its robust participation in the May 12 midterm polls, while also outlining critical reforms to strengthen the...
The Philippine Stock Exchange (PSE) continues to do the groundwork with the Securities and Exchange Commission (SEC) for the launch of a new derivative product called Global Philippine Depository Receipts (GPDR), hopefully by next year. PSE President and CEO Ramon S. Monzon said their efforts to...
Outgoing Energy Regulatory Commission (ERC) Chairperson Monalisa Dimalanta is pushing to accelerate plans that would allow households to choose their own power suppliers. Dimalanta told reporters she intends to advance plans for lowering the demand threshold for the Retail Competition and Open...
More Filipino workers are expected to build up their retirement funds under the Personal Equity and Retirement Account (PERA), following the enactment of the Capital Markets Efficiency Promotion Act (CMEPA). The Securities and Exchange Commission noted that, among the salient provisions of the...
With allegedly more than 4,200 pending cases waiting like unpaid electric bills, newly designated Energy Regulatory Commission (ERC) Chairman Francis Saturnino “Nino” Juan and his fellow Commissioners aren 't walking smoothly into the office. Instead, they 're stepping into a...
The Securities and Exchange Commission (SEC) has issued a warning to the public, especially job hunters, to watch out against job offer scams that aim to defraud the public through the use of a “tasking and recharging scheme.” The warning was issued after the SEC 's Enforcement and...
