SEC Cracks Down on Illegal Online Lending Platforms
The Philippines’ Securities and Exchange Commission has issued a sweeping advisory warning that several online platforms are illegally masquerading as licensed lenders. Sites such as Perasayo.com, multiple fake Tala apps, and Finpine are accused of using authentic corporate identities, phishing for personal data, and employing aggressive collection tactics. The regulator highlighted misuse of SEC and Bangko Sentral ng Pilipinas logos, and urged consumers to verify lenders before sharing information. It also provided a hotline for reporting suspicious activities.
Piki Files New Case Tied to Hydro
Federico “Piki” Lopez has lodged an indirect contempt petition in Manila’s Mandaluyong Regional Trial Court, accusing the Lopez family’s majority block and several affiliates of breaching a court‑issued preliminary injunction. He alleges they used coordinated letters in May to block...
MIAA Acquires Terminal 3 Property for P48B
The state‑run Bases Conversion and Development Authority sold the 61‑hectare NAIA Terminal 3 property to the Manila International Airport Authority for P48 billion (≈$857 million), including a P10 billion down payment (≈$179 million) payable over 15 years. The deal ends a 25‑year lease of P180 million per...
BSP Requires Deeper Vetting of Digi Assets
The Bangko Sentral ng Pilipinas (BSP) issued Memorandum No. M-2026-023 on June 5, directing virtual asset service providers (VASPs) to conduct deeper due‑diligence before listing digital tokens. Exchanges must evaluate the issuer’s credibility, market track record, utility, security features, liquidity, and...
Tight Supply, Weak Peso Hike Meralco Rates in June
Manila Electric (Meralco) announced a June electricity rate increase driven by tight supply in Luzon and a weakening Philippine peso. The generation charge rose by 27 centavos to P9.0704 per kWh (≈$0.17), pushing the overall household rate to P14.4833 per...
Airfare Surcharge to Drop Anew by June 16
The Philippine Civil Aeronautics Board lowered the airline fuel surcharge to Level 12 effective June 16, setting domestic fees between $6 and $18 and international fees between $21 and $155. This marks an 8% cut from the previous 15‑day period and follows...
ACEN Lays Out P1.1B Into Zambales Solar Park
Ayala-led ACEN Corp. has committed an additional P1.147 billion to its subsidiary Giga Ace 8, accelerating the development of the Palauig Solar 2 park in Zambales. The funding, via subscription of common and redeemable preferred shares, will support the 300‑MWp (potentially 420‑MWp) solar...
Boeing Supplier to Build Aerospace Facility in Clark
Washington‑based Heatcon Asia Inc., a Boeing supplier, signed a 25‑year lease to build a composite‑repair and material‑distribution facility at Clark International Airport’s Civil Aviation Complex. The plant will produce hot bonders, heat blankets and other repair components for commercial and...
DigiPlus-Backed Casino Goes to Online Gaming
International Entertainment Corp., a Hong Kong‑listed gaming firm now controlled by DigiPlus Interactive, announced that its subsidiary New Coast Leisure Inc. will collaborate with DigiPlus unit Total Gamezone Xtreme to launch online gaming for the LaVie Resort & Casino Manila....
SEC Eyes Mandatory Online Filing for Securities Offerings
The Philippine Securities and Exchange Commission (SEC) is proposing a mandatory shift to its Online Application for Registration Statements (OARS) for all securities offerings. The draft memorandum circular, released on June 9, invites public comments until June 29. OARS will support IPOs,...
Nickel Asia Unit Inks Zambales Exploration Deal
Nickel Asia Corp.'s subsidiary Samar Nickel Mining Resources Corp. signed an operating agreement with San Juanico Resources Corp. to explore mineral rights in Zambales province. The 25‑year MPSA covers roughly 3,432 hectares in Candelaria and Sta. Cruz, targeting nickel ore and associated...
Personal Finance Lessons From Deuteronomy
The article draws personal finance principles from Deuteronomy, emphasizing that wealth is a gift from God rather than a product of self‑effort. It warns against pride in prosperity and urges believers to remember the divine Source during both abundance and...
SEC Seeks Comments on Revised Rules for Online Lending Platforms
The Philippines Securities and Exchange Commission has reopened its public consultation on a revised set of rules for online lending platforms, moving toward lifting the moratorium on new digital lender registrations. The updated circular refines definitions, capital requirements, licensing, business...
Lopez Majority: Piki Agreed to P50-B Premium in Prime Hydro Deal
First Gen Corp. announced a P75‑billion ($1.35 billion) investment in Prime Infrastructure Capital’s hydropower assets, with Federico “Piki” Lopez reportedly agreeing to a P50‑billion ($900 million) transaction premium. The premium, paid to Prime, has become a flashpoint in the ongoing dispute among...
Globe to Expand Lucena Network with Campus Cell Site
Globe Telecom announced a partnership with Manuel S. Enverga University Foundation to install an on‑campus cell site in Lucena City, expanding mobile coverage for the university and surrounding communities. The project builds on Globe’s earlier school‑based network efforts, such as...