Senator Francis Tolentino criticized the Energy Regulatory Commission (ERC) for its apparent inefficiency in managing power rate resets. Tolentino has expressed serious concerns over the agency, noting how it handled the rate reset process for Manila Electric Co. (Meralco), zeroing in on its lack...
The Securities and Exchange Commission (SEC) has made permanent its cease and desist order (CDO) against Humanitarian and Spiritual Mission Apostulates of Davao and Asia Inc., HASMADAI Foundation Inc. and Humanitarian Institute of Technology Corp. for their unauthorized solicitation of investments....
The Securities and Exchange Commission (SEC) has received the GCash Digital Excellence Award 2024 for fostering the growth of innovative financial products and services while ensuring the protection of financial consumers. In conferring the award to the SEC, mobile payment services GCash cited the...
Consumers may feel some relief at the start of the new year, as the Energy Regulatory Commission (ERC) has instructed private distribution utilities (DUs) to refund P1.18 billion. In a statement, the ERC said this refund stemmed from unused expenses intended initially for technical experts during...
The Philippine Sports Commission formalized its partnership with the Department of Public Works and Highways that is intended to establish multiple infrastructures in providing the best quality for the welfare of national athletes. PSC and DPWH - NCR signed the memorandum of agreement at the RMSC's...
The Securities and Exchange Commission (SEC) announced the opening of its new extension office in Lipa City, in line with its efforts to facilitate business formation, invest in high-growth regions, and keep a closer watch on fraudulent and abusive practices in the corporate sector. The SEC on Dec....
The Energy Regulatory Commission (ERC) has denied the request of Manila Electric Company (Meralco) and San Miguel-led Masinloc Power Co. Ltd. (MPCL) to begin their Power Supply Agreement (PSA) ahead of schedule. In a statement, the ERC determined that awarding provisional authority for their PSA is...
The Securities and Exchange Commission (SEC) is calling on over 11,600 corporations to avail themselves of its Enhanced Compliance Incentive Plan (ECIP) or face the suspension of their corporate registration for non-compliance with reportorial requirements. In a notice dated Dec. 13, the SEC...
Commission on Elections (Comelec) Chairman George Erwin Garcia said that he would inhibit himself from the case of Marikina City Mayor Marcelino “Marcy” Teodoro particularly on the cancellation of the latter's candidacy for the 2025 polls. Teodoro said he will file a Motion for Reconsideration...
Although the Philippine Health Insurance Corp. (PhilHealth) was "taught a lesson" with its zero-subsidy budget, Senator Pia Cayetano expressed her belief that that the action still violated the law. (Photo from the Office of Senator Pia Cayetano) "So siguro naturuan nga ng leksyon (So perhaps we...
The Professional Regulation Commission (PRC) announced on Friday, Dec. 13, that 68,900 examinees passed the Licensure Examination for Professional Teachers (LEPT) conducted last September. The PRC and the Board for Professional Teachers (BPT) reported that 20,025 elementary teachers out of 44,002...
The Energy Regulatory Commission (ERC) has approved the 15-year Power Supply Agreement (PSA) between Manuel V. Pangilinan-led Manila Electric Company (Meralco) and Excellent Energy Resources, Inc. (EERI), a subsidiary of SMC Global Power. In a statement on Friday, Dec. 13, ERC Chairman and Chief...
