The Tariff Commission (TC) has initiated a formal investigation to determine whether to impose a definitive safeguard measure on imported rice to provide relief to the local industry, which has been reeling from the surge in foreign shipments. In a notice, the TC announced it launched the probe...
The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against Bridge Cash, directing it to stop engaging in unauthorized lending activities. In its order, the SEC Enforcement and Investor Protection Department (EIPD) ordered Bridge Cash to immediately stop...
The Philippine Competition Commission (PCC) is looking to exempt certain public-private partnership (PPP) projects from compulsory notification requirements to accelerate the development of key projects in disadvantaged areas. In a statement, the PCC said it held focus group discussions (FGDs) on...
For their outstanding showing that produced 24 medals in the 3rd Asian Youth Games in Bahrain last year, Filipino rising stars received their well-deserved cash incentives from the Philippine Sports Commission (PSC) Monday, June 29. In a brief awarding of bonuses spearheaded by chairman Patrick...
The Energy Regulatory Commission (ERC) is preparing to penalize power generation companies in Visayas whose prolonged plant shutdowns have triggered persistent yellow grid alerts and threatened the regional power supply. ERC Chairperson Francis Saturnino Juan said in an interview last week that the...
The Securities and Exchange Commission (SEC) warned the public against dealing with Empire X Capital and Astra Financial Service Group because they are not authorized to solicit investments. The commission said it received reports that individuals or groups are enticing the public through social...
Senator Robin Padilla is pushing for the immediate passage of a bill that proposes a Hybrid Election System (HES) that retains manual voting and precinct-level manual counting while using electronic transmission and canvassing to speed up the consolidation of election results. Padilla...
The Philippines has secured approval for a new grant from the United States (US) aid arm Millennium Challenge Corp. (MCC) to support energy-sector reforms, providing a fresh boost to the Marcos Jr. administration’s efforts to strengthen energy security while the country remains under a state of...
The Asian Development Bank (ADB) has backed the Philippine government’s updated roadmap to overhaul how public funds are planned, spent, and monitored, saying stronger public financial management (PFM) systems are key to improving public services, strengthening resilience, as well as guarding...
The Securities and Exchange Commission (SEC) is planning a major overhaul of the country’s corporate bond market, aiming to slash red tape for companies seeking long-term funding while preserving protections for investors. The regulator released a draft memorandum circular on June 23 that...
Philippine pre-need companies suffered a sharp contraction in earnings in the first three months of the year, as global market volatility erased the bulk of the industry’s investment returns. Based on the data released by the Insurance Commission on Wednesday, June 24, net income across the...
The Securities and Exchange Commission (SEC) has shut down Delisha Lending Investor and Trading Corp. for noncompliance with various regulatory requirements and failure to disclose the operation of several online lending platforms (OLPs). In a statement on Tuesday, June 23, the SEC said it had...
