Suspended Insurance Commission (IC) Commissioner Reynaldo Regalado said he will cooperate with the proceedings over allegations of favoritism while maintaining that the industry regulator complied with its accreditation standards. “I respect the authority of the Ombudsman and will fully cooperate...
Former Commission on Audit (COA) Intelligence and Confidential Fund Audit Office (ICFAO) State Auditor Atty. Roderick Wamil told the impeachment court on Wednesday that the guidelines governing confidential and intelligence funds do not explicitly allow or prohibit the use of aliases for...
Amid the cool, captivating and renewing scenery of Tagaytay City, lively, dynamic and energetic action unfolds starting Wednesday, Aug. 5, with the colorful opening ceremony of the 10th Aero Gymnastics Asian Championships presented by the Philippine Sports Commission at the Tagaytay CT Velodrome....
Consumers and lawmakers cheered the SONA pledge to scrap system loss charges as if Christmas had come early with a gift-wrapped power discount. But electricity has a wicked sense of humor: erase the line item today, and the cost may quietly return tomorrow wearing a different name. After all, no...
The Securities and Exchange Commission (SEC) is urging micro, small, and medium enterprises to incorporate their businesses, aiming to connect small operations with capital market fundraising to drive long-term expansion. The call comes as the corporate regulator wrapped up a three-day event...
Manila Electric Co. (Meralco), the largest power distributor in the country, assured full compliance with the Energy Regulatory Commission’s (ERC) order to credit ₱9.51 billion back to its customer base. “Meralco supports initiatives of the government to provide relief to consumers and ensure...
Manila Electric Co. (Meralco) was ordered by energy regulators to refund ₱9.51 billion to its customer base after collecting unauthorized charges. The Energy Regulatory Commission (ERC) directed the country’s largest power distributor to return an average rate of ₱0.3449 per kilowatt-hour...
The war in the Middle East could push as many as 86,000 more people living in Philippine urban areas into poverty as higher fuel, food, as well as transport costs strain household budgets, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). In its...
The Securities and Exchange Commission (SEC) approved rules allowing the registration and trading of structured warrants, introducing a new derivative product intended to boost liquidity and broaden investment options in the local capital market. Speaking during the SEC on Record weekly online...
At least two senators heeded President Ferdinand “Bongbong” Marcos Jr.’s call for an end to system loss charges burdening electricity consumers. Senate President Sherwin Gatchalian and Sen. Joseph Victor JV” Ejercito each filed a bill on the matter, saying it is imperative that Filipino...
The Bangko Sentral ng Pilipinas (BSP) cautioned the public against transacting with Bangko Maharlika Ltd., an entity currently operating under the name “The Bank of Humanity,” stating that the firm lacks the legal authority to conduct financial services in the country. In an advisory issued...
The Securities and Exchange Commission (SEC) has launched its Sukuk framework to advance the development of the country’s Islamic finance market by encouraging companies to offer Shari’ah-compliant investment products. In partnership with the Manila-based Asian Development Bank (ADB), the SEC...
