Senate Majority Leader Juan Miguel “Migz” Zubiri expressed concern over the absence of any law that caps interest rates on online lending applications, warning that the gap leaves millions of Filipinos exposed to predatory practices. At the hearing of the Senate Committee on Games and...
The inter-agency Financial Stability Coordination Council (FSCC) reassured that Philippine banks maintain robust capitalization and ample liquidity buffers, navigating through global and local challenges. The BSP said in a statement released on Monday, July 7, that during the FSCC’s meeting for...
To protect six endangered species from extinction, the Department of Environment and Natural Resources (DENR) and its partner, SM Supermalls, held the "Save from Extinction" campaign event on May 16, 2025 at Mall of Asia in Pasay City. The event is set to raise awareness and funding for the...
Following the success of their initial collaboration, the Department of Environment and Natural Resources (DENR) and SM Supermalls are set to continue the “Save from Extinction” campaign on May 16, 2025, at the Mall of Asia Main Mall Atrium. Aimed at raising awareness, Save from Extinction...
The Securities and Exchange Commission’s (SEC) move to relax the rule on the single business group (SBG) investment limit will benefit conglomerates with multiple listed subsidiaries, such as the SM and Ayala groups, as well as the planned initial public offering (IPO) of GCash. Under the...
Senator Raffy Tulfo called out the Securities and Exchange Commission (SEC) for the several lapses he observed in terms of regulating financial and lending companies' operation of their respective online lending applications (OLAs). Sen. Raffy Tulfo presides over the Subcommittee on Banks,...
The Securities and Exchange Commission (SEC) is not abandoning the 20-percent minimum public ownership of rule for initial public offerings (IPOs), although it has approved the plan of the Philippine Stock Exchange (PSE) to relax its implementation of this requirement to make it easier for large...
Malacañang has yet to have information whether Department of Information and Communications Technology (DICT) Secretary Ivan Uy has resigned from his post. DICT Secretary Ivan Uy (RTVM) Palace Press Officer and Communications Undersecretary Claire Castro said they have no update yet on the...
The Securities and Exchange Commission (SEC) has approved Megawide Construction Corporation’s planned public offering of up to ₱5.95 billion worth of preferred shares. In its meeting on Feb. 25, the Commission En Banc resolved to render effective Megawide’s registration statement covering a...
The Department of Education (DepEd) announced on Wednesday, Oct. 9, that it has partnered with the Securities and Exchange Commission (SEC) to enhance financial literacy in educational institutions. DepEd Secretary Sonny Angara {left) and SEC Chairperson Emilio Aquino (Photo from DepEd) DepEd...
Yesterday, I had the privilege of participating in Sustainability Week at the Securities and Exchange Commission (SEC) main office in Makati City, where I shared my experiences in environmental conservation. Initially, I was surprised by the invitation, as financial institutions had not previously...
The Bureau of Internal Revenue (BIR) partnered with the Securities and Exchange Commission (SEC) to create an interagency data-sharing system to expedite the verification of registered businesses in the country. BIR Commissioner Romeo D. Lumagui Jr. and SEC Chairperson Emilio B. Aquino signed a...
