ABS-CBN, TV5 partnership to face scrutiny — NTC

By Arjay L. Balinbin, Senior Reporter THE National Telecommunications Commission (NTC) will investigate the partnership between ABS-CBN Corp. and TV5 Network, Inc. of the Pangilinan group’s MediaQuest Holdings, Inc., a commissioner said on Thursday. “Kailangan po natin ito busisiin mabuti dahil madami pong lumabas na violations ang ABS-CBN noong nakaraang pagdinig ng renewal ng kanilang […]

Marcos unlikely to mention human rights in first address — analysts

By John Victor D. Ordoñez, Reporter PHILIPPINE President Ferdinand R. Marcos, Jr. would probably keep silent on human rights issues in his first address to Congress on Monday to avoid offending the vice president, according to political experts. Discussing human rights means talking about the deadly red tagging, the deadly drug war and extralegal killings […]

SEC revokes registration of pseudo-law enforcement firm

THE Securities and Exchange Commission (SEC) announced that it is issuing an order of revocation against New International Police Commission Philippine Command Association, Inc. (NIPCA). NIPCA is a nonstock corporation registered with the commission since June 2011. According to the advisory, NIPCA’s purpose is to coordinate with local law enforcement agencies in their campaign against […]

CoA suspends special audit, release of reports on candidates for 2022 polls to avoid partisanship allegations

STATE AUDITORS have suspended the creation of special audit teams and releasing reports involving candidates who will run in the 2022 elections to avoid allegations of political partisanship. “Immediate but untimely action on these complaints and appeals would create a dangerous impression that this Commission is favoring or disfavoring any election candidate,” the Commission on […]

SEC issues cease-and-desist order vs R.L. Aggregates

The Securities and Exchange Commission (SEC) has issued a cease-and-desist order against R.L. Aggregates and Diversified Lending Group, Inc. for its “fraudulent” and “deceitful” scheme.    R.L. Aggregates was found soliciting investments from the public using a copy of its articles of incorporation that was altered to state that “the corporation shall direct, solicit, accept or take investments/placements from the […]

SEC backs easing of bank secrecy law

THE Securities and Exchange Commission (SEC) is backing the amendment of the Republic Act No. 1405 or the Secrecy of Bank Deposits Law to further strengthen its efforts against dirty money, tax evasion, and other financial crimes. “Such provisions will lift a long-standing barrier to effective investigation and prosecution of financial crimes,” the corporate watchdog […]

Tourism commission to promote scenic spots in upland barangays

TO REVIVE Cebu City’s tourism industry, the Cebu City Tourism Commission is identifying sites in various barangays to be promoted as tourist spots. Tourism Commissioner Jocelyn Pesquera said the City aims to boost tourism in mountain barangays, which offer a number of possible tourist spots. The commission is currently inspecting waterfalls in Barangays Budlaan and […]

PCC defends Makati subway review

THE Philippine Competition Commission (PCC) defended its review of the terminated Makati City subway merger proposal, explaining that the transaction was withdrawn due to pandemic-related concerns. Its stand came after Philippine Infradev Holdings, Inc. on Tuesday said that the investment of Hong Kong Binjiang Industrial Ltd. in the listed firm’s subsidiary Makati City Subway, Inc. […]

SEC warns public against Intelligence Samusai

THE Securities and Exchange Commission (SEC) has advised individual borrowers about communicating with a certain entity named Intelligence Samusai. In an advisory posted on its website, the SEC’s corporate governance and finance department said it had learned that Intelligence Samusai, which uses the e-mail address (samusaiintelligence@gmail.com) has been contacting individual borrowers of a certain lending […]