The Insurance Commission (IC) has ordered all regulated insurance entities to streamline their operations by expediting claim payments and relaxing strict documentation requirements for those hit by the magnitude 7.8 earthquake in Mindanao. The order, issued on Wednesday, June 17, activates...
The long-awaited initial public offering (IPO) of the company behind the popular e-wallet GCash—expected to be the country’s largest-ever listing by raising more than $1 billion—is finally underway as the company formally takes its first step toward going public. Mynt Inc., backed by Globe...
ABS-CBN Corp. vowed to defend itself against allegations of financial mismanagement and “creative bookkeeping” lodged by its board member, pushing back against the regulatory probe that threatens to deepen the media company’s long-running financial distress. In a statement, the Lopez-led...
Global One Hotel Group, Inc., the management arm of Megaworld Hotels and Resorts, has secured approval from the Securities and Exchange Commission (SEC) for the rental pool program of its condotels. The SEC said the rental pool program was processed under the streamlined guidelines on Securing and...
The Securities and Exchange Commission (SEC) is speeding up the public offering process by moving the submission of applications fully online and further reducing the processing period to 40 days to encourage more firms to tap the capital market. The SEC has published the draft memorandum circular...
The Securities and Exchange Commission (SEC) has formed an ad hoc committee to investigate allegations traded between rival factions of the Lopez family, a dispute that threatens to engulf two of the Philippines’ most high-profile companies, First Gen Corp. and ABS-CBN Corp. ABS-CBN disclosed to...
The Armed Forces of the Philippines (AFP) on Sunday, June 14, said the delayed confirmation of five generals has begun affecting the military 's organizational structure and readiness, as the appointments remain pending amid the ongoing leadership dispute in the Senate. AFP spokesperson Col....
BlockShoals Technologies, Inc. is currently conducting due diligence on its selected Virtual Asset Service Provider (VASP) for integrations required by its participation in the Securities and Exchange Commission’s Strategic Sandbox (StratBox) to test its cryptocurrency platform. BlockShoals...
Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
Sy-led conglomerate SM Investments Corp. has assured its customers and stakeholders of its continued commitment to maintaining rigorous data privacy standards as a core component of corporate governance. The conglomerate highlighted that its subsidiary, SM Retail, received the NPC Seal of...
The Securities and Exchange Commission (SEC) clarified that BlockShoals Technologies Inc. is not yet allowed to commercially operate and offer cryptocurrency products and services to the public, as it is still undergoing a 90-day testing period. The participation of BlockShoals in the SEC Strategic...
The Tariff Commission (TC) has launched an investigation to determine the merits of a proposal seeking to implement a uniform five-percent tariff rate on corn imports to prevent increases in pork and chicken prices. In a notice dated June 10, the TC said it has started a probe into a petition filed...
