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...
The Securities and Exchange Commission (SEC) is drafting a regulatory framework for market making in listed securities as part of its ongoing efforts to revitalize the capital market and align local market practices with international standards. In a statement on Monday, June 22, the SEC said the...
Seven extraordinary athletes whose legacies have shaped the nation’s sporting history were honored during the 5th Philippine Sports Hall of Fame Enshrinement Ceremony held at the newly transformed PSC House inside the Rizal Memorial Sports Complex on Saturday, June 20. The evening celebrated the...
The Securities and Exchange Commission (SEC) extended a program offering discounted filing fees for micro, small, and medium enterprises (MSMEs) until the end of the year, part of a state-backed push to deepen the domestic capital market. The corporate regulator prolonged the 50 percent discount on...
The National Grid Corporation of the Philippines (NGCP) said it will actively evaluate new regulatory guidelines that strip away its exclusive control over building the country’s power lines, aiming to protect the legal and operational framework of the national transmission network. The privately...
