Manila Electric Co. (Meralco) is seeking regulatory approval to return approximately ₱9 billion to its customers, adding to an existing multi-billion peso refund program aimed at easing the burden of high electricity costs. In an interview, Ronald Valles, Meralco head of regulatory management,...
The Securities and Exchange Commission (SEC) reminded the public to verify the registration and authority of financing and lending companies, including their online lending platforms, prior to doing business with them amid the proliferation of scammers pretending to be lenders. This comes as the...
The Securities and Exchange Commission (SEC) cheered the inclusion of Philippine peso-denominated government securities into the J.P. Morgan Government Bond Index - Emerging Markets (GBI-EM). Set to enter the benchmark are nine Philippine government bonds with an aggregate outstanding value of...
The Energy Regulatory Commission (ERC) lifted the suspension of the Wholesale Electricity Spot Market (WESM) across the Luzon, Visayas, and Mindanao grids, restoring normal trading operations effective Friday, May 1. In a statement, the ERC explained that this WESM resumption marks a return to...
The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
The Securities and Exchange Commission (SEC) has intensified its crackdown on corporate identity theft, warning the public against three entities that are impersonating registered firms to peddle unauthorized loan products. In an advisory, the commission flagged the operations of Peso Maya and...
Government officials and employees are now explicitly prohibited from engaging in online betting and other forms of gambling, as the Civil Service Commission (CSC) expanded its policy to cover both digital platforms and traditional gambling venues. The prohibition is contained in CSC Resolution No....
Manila Electric Co. (Meralco) customers will receive a reprieve on their electricity bills starting next month after the Energy Regulatory Commission (ERC) ordered the utility to accelerate the multibillion-peso refund to insulate households from global energy volatility. In a statement on...
The Civil Service Commission (CSC) on Tuesday, April 21, reminded all government officials and employees to file their Statement of Assets, Liabilities, and Net Worth (SALN) on or before April 30, in compliance with Republic Act No. 6713 or the Code of Conduct and Ethical Standards for Public...
Philippine economic growth in 2026 would have hit the government’s downgraded target range had the war in the Middle East been short-lived, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). However, the Bangkok-headquartered UNESCAP said a...
The camp of Vice President Sara Duterte said on Monday, April 20, that it has yet to receive an official copy of the decision from the Commission on Audit (COA) presented during a recent congressional hearing, preventing it from issuing any formal comment on the matter. In a brief statement, the...
The main bulk of the 101-strong Team Philippines flies to China (Monday, April 20, two days ahead of the opening ceremony for the 6th Asian Beach Games that are returning after a 10-year hiatus on the popular resort island city of Sanya. But anticipation on the opening ceremony at the Yasha Park...
