The Securities and Exchange Commission (SEC) has issued new rules governing the creation of umbrella funds, which are open-end investment companies that have at least two sub-funds pursuing their own investment objectives. The commission issued SEC Memorandum Circular (MC) No. 14, the rules on...
The Securities and Exchange Commission (SEC) has ordered Melot’s Catering Services to stop its illegal solicitation of investments from the public until it secures the commission’s approval. In a March 14 order, the SEC’s enforcement and investor protection department (EIPD) directed...
The Securities and Exchange Commission (SEC) is putting government contractors in its sights by tightening oversight and elevating qualification standards for auditing firms and external auditors. The commission said this move will further safeguard the investing public and prevent corruption by...
The Securities and Exchange Commission (SEC) is planning to allow paperless filing for specific amendment applications through the electronic application for modification of entity data (eAMEND), as it seeks to improve regulatory efficiency and promote sustainability. The commission on March 31...
The government should address persistent competition barriers in the retail electricity market to widen consumers’ ability to purchase power from their preferred suppliers, according to the antitrust watchdog Philippine Competition Commission (PCC). In a statement on Monday, April 6, the PCC said...
First Gen Corp. is on track to expand its hydroelectric footprint as it nears the completion of its storage facility in Nueva Ecija, the renewable energy arm of the Lopez family reported. In a filing with the Securities and Exchange Commission (SEC), the company’s subsidiary, First Gen Hydro...
Senator Imee Marcos, on Wednesday, April 1, called for the full public release of the final report of the Independent Commission for Infrastructure (ICI), stressing that transparency is essential in addressing alleged irregularities in flood control projects. Marcos cited provisions of Executive...
The Energy Regulatory Commission (ERC) prohibited power distributors from passing on penalties and interest charges stemming from late local tax payments to consumers, tightening oversight of how utilities recover levies. In a move intended to insulate monthly electricity bills from “unjust...
The Securities and Exchange Commission (SEC) further extended the period for micro, small, and medium enterprises (MSMEs) to avail of fee discounts in the incorporation of their businesses. The Commission, on March 26, issued SEC Memorandum Circular No. 13, Series of 2026, aimed at Further...
The Commission on Elections (Comelec) has dismissed the allegations made in the impending impeachment complaint against its officials as "not new" and have been clarified multiple times to the public, standing by the integrity in the conduct of the past elections. "Ang mga isyu o paratang na ito...
GMA Network Inc. has failed to secure a temporary restraining order (TRO) against the Securities and Exchange Commission’s (SEC) new rules imposing a strict term limit on independent directors of publicly listed companies. Makati City Regional Trial Court (RTC) Branch 38 denied an application for...
The Civil Service Commission (CSC) has issued new guidelines aimed at transitioning government agencies from traditional, process-driven personnel management to a competency-based human resource system to improve public service delivery. Under CSC Resolution No. 2600005, the commission set out...
