Senator Risa Hontiveros on Tuesday, June 15 urged the Energy Regulatory Commission (ERC) to investigate Manila Electric Co.'s (Meralco) recent announcement of a power rate hike for June saying it “defies logic” even under the regime of deregulation. Hontiveros said the ERC must provide a...
The Securities and Exchange Commission (SEC) has also revoked the license of R&L Investments, Inc., as well as disqualified its key officers and the owner of the account used to siphon off P700 million worth of client shares from the stock brokerage. In addition, the SEC special hearing panel...
A students’ group pressed anew for the distribution of P10,000 financial aid for students struggling to study amid the coronavirus disease (COVID-19) pandemic. (Unsplash) In a statement, the National Union of Students of the Philippines (NUSP) said the aid will help students cover a portion of...
Lawmakers on Monday, June 14 grilled Department of Education officials for their alleged refusal to comply with the law that withdrew from the department the responsibility of procuring and developing books. DepEd has continued to take charge of book procurement even as the agency absorbed public...
The Securities and Exchange Commission (SEC) has revoked the license of Ventures Securities, Inc. (VSI) and slapped P32 million in penalties against the brokerage and its officers for the fraudulent transfer of P700 million worth of client shares from R&L Investments, Inc. An SEC special...
The Council of Members of Asian Reinsurance Corp. (Asian Re) has reelected Insurance Commissioner Dennis B. Funa as chairperson for a fresh new two-year term. Screen Shot 2021-06-14 at 3.35.00 PM Funa, who previously served as vice-chairperson, was first elected as chairperson of Asian Re’s...
Senator Joel Villanueva on Sunday called out the Professional Regulations Commission (PRC) and asked that it reconsider its decision to postpone the licensure board examinations for psychologists, psychometricians and other professions scheduled this year to next year. Villanueva said the PRC...
Nearly a decade after the Commission on Audit exposed the pork barrel scam that reportedly defrauded government of more than P10 billion, the audit agency finally affirmed the liability of a former partylist solon in the release of over P10.79 million to a bogus foundation linked to alleged scam...
CHED and UniFAST Board Chairman J. Prospero E. De Vera III (Photo from CHED) Commission on Higher Education Chairman J. Prospero De Vera III on Sunday, June 13, issued a statement in response to an open letter accusing the official of withholding educational funds and refusing to recognize the...
The Philippine Competition Commission (PCC), the anti-trust authority in the country, has expressed opposition to any extension on the suspension of its motu proprio review power on mergers and acquisitions (M&As). PCC Chairman Arsenio Balisacan said this at the virtual “Enhancing Competition...
Having already rendered 50 days out of the 77 days of overtime work for the current school year, public school teachers are asking the government to compensate them - especially with only a month left before School Year (SY) formally closes. ACT is asking the CSC to compensate teachers after having...
Senator Sherwin Gatchalian on Friday said he has “grave reservations” over the Department of Energy’s (DOE) proposal to revert the control of the country’s power grid back to the government. Gatchalian, chairman of the Senate Committee on Energy, pointed out corruption was the main reason...
