Personal Development, Business, Finance, and Investing for Everyone
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The Insurance Commission has doubled the benefits that may be claimed by third parties under the compulsory motor vehicle liability insurance (CMVLI).
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Total premium income collected by pre-need companies amounted to P22.73 billion as of the as of year-end of 2023. This is a 7.30% increase from the P21.18 billion premiums collected in 2022.
The Department of Finance (DOF) engaged finance sector stakeholders in a briefing on March 1, 2024 on the proposed Package 4 of the Comprehensive Tax Reform Program (CTRP) that will simplify the tax structure on passive income and certain instruments and other financial products.
The Bangko Sentral ng Pilipinas (BSP) has directed banks and other BSP-supervised financial institutions (BSFIs) to place the Philippine identification card (PhilID) at the top of the list of acceptable valid IDs, being the official government-issued ID.
The Securities and Exchange Commission (SEC) has considered favorably the initial public offering (IPO) of common shares in OceanaGold (Philippines), Inc. for up to P7.88 billion.
The Japan-based debt watcher highlighted the country’s high and sustained economic growth supported by solid domestic demand, resilience to external shocks with its low-level external debt and accumulated foreign exchange reserves, and its solid fiscal base as credit strengths.
The National Telecommunications Commission (NTC) has ordered all internet service providers to immediately block the website of OctaFX for the protection of the investing public, as requested by the Securities and Exchange Commission (SEC).
The National Telecommunications Commission (NTC) has initiated the blocking of websites and apps offering investment opportunities without the necessary license, upon the request of the Securities and Exchange Commission (SEC).
SEC Works with More Government Agencies to Combat Money Laundering and the Funding of Terrorism3/4/2024 The Securities and Exchange Commission (SEC) is boosting efforts to combat money laundering and terrorism financing, as it equips more government agencies with data that may help them uncover illegal activities carried out through the corporate vehicle.
A Memorandum of Understanding (MOU) was signed by the Department of Migrant Workers (DMW) and the Philippine Stock Exchange, Inc. (PSE) with the objective of introducing a financial education program that will emphasize personal finance and the principles of stock market investing, particularly for Overseas Filipino Workers (OFWs).
Maharlika Investment Corporation Eyes Membership in Global Network of Sovereign Wealth Funds3/2/2024 The Maharlika Investment Corporation (MIC) is set to apply for Associate Membership in the International Forum of Sovereign Wealth Funds (IFSWF) to strengthen transparency and good governance, after the proposal was approved during the fourth MIC board meeting presided by Finance Secretary and MIC Chairperson Ralph G. Recto on February 29, 2024.
The Philippine Statistics Authority (PSA) reiterated the penalties for fraudulent acts related to the Philippine Identification System (PhilSys) and the mechanisms put in place to combat such incidents.
Bank of the Philippine Islands (BPI) announced that starting March 1, 2024, loading GCash via ‘Load e-Wallet’ on the BPI app and BPI online will be charged a PHP 10.00 fee.
The Securities and Exchange Commission (SEC) has streamlined the registration process for power generation companies and distribution utilities seeking fresh funds through the public offering of securities.
Finance Secretary Ralph G. Recto has urged the Philippine Stock Exchange (PSE) to work with the government in transforming the country’s capital market as a vehicle for ordinary Filipinos to become shareholders in the nation’s growth.
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