The Securities and Exchange Commission (SEC) has warned the public against transacting with three individuals and entities engaged in unauthorized investment schemes, financing, and lending activities. In separate advisories, the SEC alerted the public against Marexx Gadgets and Accessories Shop, a...
The Securities and Exchange Commission (SEC) has extended by 15 days to one month the deadlines for filing 2025 annual financial statements (AFS) and related reportorial requirements of corporations with a fiscal year (FY) ending Dec. 31, 2025. In a notice, the SEC said the extension was approved...
The Securities and Exchange Commission (SEC) is intensifying its crackdown on unauthorized investment schemes, naming two entities, Ecocapsule and the HTX group, in its latest round of regulatory warnings. In a formal advisory, the regulator stated that Ecocapsule is operating without the necessary...
The country’s competition watchdog is intensifying its scrutiny of domestic fuel prices to shield consumers from unwarranted hikes triggered by escalating tensions in the Middle East. In a statement, the Philippine Competition Commission (PCC) said it is monitoring the market behavior of local...
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...
