The Securities and Exchange Commission (SEC) has cancelled the financing license of Digido Finance Corporation for opening and operating four branches without first getting the necessary certificate of authority from the Commission. Digido, which operates online lending platforms (OLPs) UnaPay and...
A total of 2,772 former rebels from different parts of the country have filed amnesty applications with the National Amnesty Commission (NAC) through the local amnesty boards (LABs), government data showed Friday, May 23. The NAC reported that 1,858 former members of the Communist Party of the...
The Energy Regulatory Commission (ERC) said that it has yet to finalize its review of projects by the National Grid Corporation of the Philippines (NGCP). In a statement on Friday, May 23, ERC Chairperson Monalisa Dimalanta clarified that the project costs will need evaluation and approval during...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of DNKC Corporation for soliciting investments from the public without the necessary license from the Commission. DNKC is doing business under the name and style of KC Skin Care, Goddess of Beauty-Beauty Lounge,...
The Philippines’ non-life insurance sector’s total premiums posted a 19.2 percent increase to ₱18.8 billion in the first quarter from ₱15.8 billion last year on the back of continued strong demand for motor car and fire insurance, data from the Insurance Commission (IC) revealed. By...
Sun Life Philippines, the local unit of Sun Life of Canada, Inc., led the life insurance industry in the first quarter of 2025 by posting a premium income of ₱15.1 billion — the highest total premium recorded across the sector during this period, the company announced Tuesday. “This...
The Insurance Commission (IC) reported on Wednesday, May 21, that the local life insurance industry’s total premium income surged 13.9 percent to ₱99.9 billion in the first quarter of the year, boosted largely by a massive jump in single premiums under variable life insurance. By volume, the...
The Governance Commission for GOCCs (GCG) has shuttered a government-owned and/or -controlled corporation (GOCC) established by former President Ferdinand E. Marcos Sr. to design an airplane—but which failed to do so in its 50 years of existence. In a memorandum order dated May 7, the GCG gave...
true> false> Senator-elect Christopher “Bong” Go said he will prioritize measures that would increase the budget for the country’s sports sector, saying the honor athletes bring to the country is incomparable to the relatively small funding the sector receives. false> We should also further...
The Insurance Commission (IC) reported that the health maintenance organization (HMO) industry’s total net income surged by 84.4 times—or by over half a billion pesos—in the first quarter of 2025 compared to the same period last year, driven by a sharp increase in membership fee income. The...
The Energy Regulatory Commission (ERC) has issued a total of 40 show-cause orders to 37 generation companies (GenCos) after they failed to submit complete fuel purchase documents. These documents are necessary to ensure fair electricity prices charged to consumers. In a statement, the ERC said that...
Consumers will experience lower electricity bills in May, brought by lower transmission and ancillary service (AS) rates, according to National Grid Corporation of the Philippines (NGCP). In a briefing on Wednesday, May 14, NGCP’s business and regulatory development head Julius Ryan Datingaling...
