The Energy Regulatory Commission (ERC) has eased share listing deadlines and requirements for power generation companies amid widespread difficulty among smaller firms in meeting a decades-old public offering mandate (POR). In a briefing, ERC Chairperson Francis Saturnino Juan said the commission...
Senator Rodante Marcoleta questioned on Tuesday, Oct. 21, the Independent Commission for Infrastructure 's (ICI) independence when it 's asking assistance from different government agencies. Marcoleta pointed this out during the finance subcommittee 's deliberations of the...
Senate President Pro Tempore Panfilo "Ping" Lacson said on Monday, Oct. 20, that the government’s fight against corruption should not just cater to the business sector but also to the welfare of ordinary Filipinos who religiously pay taxes, including the 12 percent value-added tax (VAT). Lacson...
The Energy Regulatory Commission (ERC) has approved an increase in the Feed-in-Tariff Allowance (FIT-All) rate, starting next month, which will slightly raise power bills to generate sufficient funds for paying renewable energy (RE) developers. In a briefing on Monday, Oct. 20, ERC Chairperson...
Consumers may soon see fairer or more reasonable power rates as the Energy Regulatory Commission (ERC) begins the long-awaited rate reset process for Manila Electric Co. (Meralco) and other private distribution utilities. In a statement, the ERC said it has approved the new Rationalized Rules for...
The Philippine Competition Commission (PCC) has cleared the acquisition by a Singapore-based investment firm of a local holding company that operates cold storage facilities. In a statement, the PCC said it approved the buyout of Permafrost Investments GMF2 Pte. Ltd. (Permafrost Singapore) for a...
Commission on Elections (Comelec) Chairman George Erwin Garcia revealed on Thursday, Oct. 16, that there were more or less 9 contractors who donated to politicians in the recent May 2025 elections. "Lilinawin ko lang for 2025 [elections] wala pa tayong kino-confirm na kahit na sinong kandidato...
The Securities and Exchange Commission (SEC) has ordered Microdot Lending Corp. to stop operations due to its unfair debt collection practices and its failure to disclose the operations of some of its online lending platforms (OLPs). The SEC Financing and Lending Companies Department (FinLend)...
In a move set to modernize and speed up service delivery, the Social Security System (SSS) has launched the MySSS Card, a new functional ID that also acts as a fully operational debit card. Robert Joseph Montes De Claro, SSS president and chief executive officer, said the MySSS Card is dual purpose...
The Department of Justice (DOJ) has moved to file criminal complaints against three groups and their agents for illegally soliciting investments, escalating the Securities and Exchange Commission’s (SEC) ongoing campaign against fraudulent financial activities. According to the SEC, the DOJ found...
The camp of Senator Francis "Chiz" Escudero submitted on Tuesday, Oct. 14, an affidavit explaining their position over the P30-million campaign donation he received from a contractor for his May 2022 election bid. “We 're filing our submission early to respect the COMELEC process. Our...
The Securities and Exchange Commission (SEC) is warning the public against engaging with individuals or groups who falsely represent themselves as part of COL Financial Group and use the name and logo of Alpha Securities Corp. without authority. In an advisory, the SEC flagged certain individuals...
