The Securities and Exchange Commission (SEC) has teamed up with Google and Apple to work for the removal of applications operated by cryptocurrency giant Binance in app marketplaces accessible in the Philippines. In separate letters addressed to Google and Apple dated April 19, the SEC has...
The Commission on Human Rights (CHR) has denounced the reported confiscation of the personal belongings of a photojournalist while he was covering a land dispute in Silang, Cavite last April 20. Citing a report from the National Union of Journalists of the Philippines, the CHR said that...
The Professional Regulation Commission (PRC) on Tuesday, April 23, announced that 1,185 out of 2,147 passed the Pharmacists Licensure Examination (PhLE). (Photo from PRC) In a statement, PRC said the top scorer in the April 2024 PhLE is Rhedz-wei Talling Hadjula, averaging 92.85 percent from...
The Commission on Audit (COA) has flagged the provincial government of Aurora over the "misuse" of its Rice Processing Complex (RPC) worth $2.3 million and the uncollected income from its supposed lease to a farmers' cooperative. The RPC was constructed on a $2.3 million grant from the Korean...
The officers and shareholders of MFT Group of Companies and The Foundry Ventures issued a statement reiterating their position that “we never engaged in securities transactions in violation of the Revised Securities Act.” They noted that the Securities and Exchange Commission has filed a...
The officials and members of the Board of Directors (BODs) of Clark International Airport Corporation (CIAC) disbursed P3.1 million in "irregular and unnecessary" expenses for foreign travels in 2023, the Commission on Audit (COA) said in its annual audit report. COA said that the CIAC...
Accounting firm Isla Lipana & Co. issued a statement pointing out that it is the auditor of Maria Francesca Tan (MFT) Group of Companies, Inc. only, and not any other companies under the group. “‘Maria Francesca Tan (MFT) Group of Companies, Inc.’ is our audit client. While the name of...
Luzon and Visayas grids are having a race against time when it comes to capacity additions – that is if the country has to seriously avoid the dire consequences of threatening power crisis into these two major power grids. The Philippine Independent Power Producers Association Inc. (PIPPA)...
The Commission on Audit (COA) has scored the delay in the construction of the P316.4 million Air Traffic Control (ATC) tower building of the Clark International Airpot (CIA) in Pampanga. In its audit report, COA said that the construction of the ATC buildng was only 60.90 percent complete as of...
Senator Robinhood “Robin” Padilla renewed his call for the Senate to conduct an investigation into the continued indefinite suspension of Sonshine Media Network International (SMNI). Padilla said it is imperative to probe the possible violation of press freedom with SMNI’s...
Again, the provincial government of Eastern Samar has been flagged by the Commission on Audit (COA) in its 2023 annual audit report. Earlier, COA found that Contract of Service (COS) and Job Order (JO) personnel hired by Eastern Samar province were not only paid below the daily minimum wage,...
The Insurance Commission (IC) has reinstated the two-tiered minimum insurance premium rates for catastrophe insurance products. Based on IC Circular Letter No. 2024-11, premium rates for earthquake risks now back at 0.10 percent, while for typhoons and floods, they are set again at 0.05 percent....
