Twelve executives of the Bangko Sentral ng Pilipinas (BSP) were the top highest paid government officials in 2023, the Commission on Audit (COA) said In its 2023 Report on Salaries and Alloances made public last May 2, COA said that BSP Governor Governor Eli M. Semolina Jr. is now the...
The Civil Service Commission (CSC) said it would assist eligible contract of service (COS) and job order (JO) workers in obtaining the necessary eligibility for permanent positions in the government through the Career Service Eligibility-Preference Rating (CSE-PR). In a statement on May 2, CSC...
NEW YORK — U.S. stocks climbed Thursday to trim the majority of their losses for the week. The S&P 500 rose 45.81 points, or 0.9%, to 5,064.20 a day after swinging sharply when the Federal Reserve said it's likely delaying cuts to interest rates but not planning to hike them. It more...
The Securities and Exchange Commission (SEC) has received its sixth and seventh Global Good Governance (3G) Awards from Cambridge International Finance Advisory. The Commission received the 3G Best Corporate Governance Policy & Disclosure Award and the 3G Transparency Award 2024 during the 9th...
With high anticipation that electric bills will drastically spike during the summer months, the Energy Regulatory Commission (ERC) sounded off this early that it will prod the private distribution utilities (DUs) and electric cooperatives (ECs) on staggered billing on the resulting radical rate...
President Marcos said that the Energy Regulatory Commission (ERC) has temporarily suspended the operation of the Wholesale Electricity Spot Market (WESM) under the declaration of red alert of the systems operator National Grid Corporation of the Philippines (NGCP) to tame the increase of...
The Securities and Exchange Commission (SEC) is urging companies to be more diligent in complying with their reportorial requirements instead of complaining about the huge increase in fines and penalties recently imposed by the commission after a lengthy amnesty period. SEC Chairperson Emilio B....
On Labor Day, Wednesday, May 1, the Commission on Human Rights (CHR) acknowledged the "invaluable contributions" of Filipino workers, both in the Philippines and abroad, to the nation's progress and development. It assured its commitment to protect and promote workers' rights. It urged the...
The Energy Regulatory Commission (ERC) has ordered suspension of the Wholesale Electricity Spot Market (WESM) - but only after two weeks from the incursion of yellow and red alerts in the Luzon and Visayas grids, hence, consumers are being warned of forthcoming bill shocks. Referencing on data...
The Commission on Human Rights (CHR) has lauded as "proactive measure" to address poverty President Marcos' recent directive to boost aid for street children and homeless individuals or families in need of urgent help. It cited the implementation of the "Pag-abot Program" which aims to evacuate...
The Commission on Audit (COA) has flagged the province of Masbate over the P131 million "unliquidated cash advances" (CAs) granted to various officials and employees in 2023. In its 2023 annual audit report (AAR), COA said the cash advances were composed of three categories -- advances for payroll...
Over P13 billion worth of premiums were paid to microinsurance companies by the year-end 2023, increasing by 17.3 percent from P11 billion in 2002. The Insurance Commission said that the significant increase in premium collection could be attributed to the across-the-board increase in premium...
