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Yuchengco seeks SEC withdrawal of broker-director term limit rule; challenges mandate in court
Former Philippine Stock Exchange chair Ma. Vivian Yuchengco is urging the Securities and Exchange Commission (SEC) to withdraw a circular that sets term limits for the bourse’s broker-directors, stating the move weakens fundamental corporate governance principles and shareholder rights. In her statement, Yuchengco emphasized that good governance depends on directors earning and retaining shareholders’ trust, while regulators must respect that electoral choice. She noted that repeated re-election should not be dismissed by the SEC, but rather reinforces the commission’s duty to clearly justify why such a choice should be overridden. Along with fellow director Eddie Gobing, Yuchengco has also filed a petition with the Court of Appeals to have the rule declared unconstitutional; both bring extensive board experience, with Yuchengco having served 28 years and Gobing 25 years.
PAGCOR decoupling nears decision as Tengco backs regulator-only role
The proposed separation of PAGCOR’s regulatory and casino-operating functions is nearing a key government decision, with Chairman and chief executive officer Alejandro H. Tengco pushing for the state gaming agency to focus solely on regulation.
DBCC nears fuel tax recommendation as oil stays high
The Development Budget Coordination Committee (DBCC) is finalizing its recommendation on possible fuel excise tax relief as elevated global oil prices continue to push up domestic pump prices, Malacañang said Thursday.
Cresendo draws factories, infrastructure to Tarlac growth hub
Ayala Land Inc.’s 290-hectare Cresendo estate in Tarlac is moving closer to becoming a full-scale industrial and urban center, with most industrial lots leased and major road, school, and commercial projects advancing alongside factory development.
Gilas wins big, Alas bows out fighting
Kazakhstan gave Philippine basketball and volleyball teams two very different reasons to remember Thursday.
SEC overhauls corporate governance training rules for listed entities
The Securities and Exchange Commission (SEC) has issued revised guidelines governing mandatory corporate governance training for directors and key officers, aiming to align local practices with international standards and strengthen market trust. This new memorandum circular repeals two older issuances—MC No. 11 (Series of 2012) and MC No. 2 (Series of 2015)—replacing them with streamlined rules that apply to all publicly listed firms, public companies, registered issuers, and accredited training providers.
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Yuchengco seeks SEC withdrawal of broker-director term limit rule; challenges mandate in court
Former Philippine Stock Exchange chair Ma. Vivian Yuchengco is urging the Securities and Exchange Commission (SEC) to withdraw a circular that sets term limits for the bourse’s broker-directors, stating the move weakens fundamental corporate governance principles and shareholder rights. In her statement, Yuchengco emphasized that good governance depends on directors earning and retaining shareholders’ trust, while regulators must respect that electoral choice. She noted that repeated re-election should not be dismissed by the SEC, but rather reinforces the commission’s duty to clearly justify why such a choice should be overridden. Along with fellow director Eddie Gobing, Yuchengco has also filed a petition with the Court of Appeals to have the rule declared unconstitutional; both bring extensive board experience, with Yuchengco having served 28 years and Gobing 25 years.
PAGCOR decoupling nears decision as Tengco backs regulator-only role
The proposed separation of PAGCOR’s regulatory and casino-operating functions is nearing a key government decision, with Chairman and chief executive officer Alejandro H. Tengco pushing for the state gaming agency to focus solely on regulation.
DBCC nears fuel tax recommendation as oil stays high
The Development Budget Coordination Committee (DBCC) is finalizing its recommendation on possible fuel excise tax relief as elevated global oil prices continue to push up domestic pump prices, Malacañang said Thursday.
Cresendo draws factories, infrastructure to Tarlac growth hub
Ayala Land Inc.’s 290-hectare Cresendo estate in Tarlac is moving closer to becoming a full-scale industrial and urban center, with most industrial lots leased and major road, school, and commercial projects advancing alongside factory development.
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Yuchengco seeks SEC withdrawal of broker-director term limit rule; challenges mandate in court
Former Philippine Stock Exchange chair Ma. Vivian Yuchengco is urging the Securities and Exchange Commission (SEC) to withdraw a circular that sets term limits for the bourse’s broker-directors, stating the move weakens fundamental corporate governance principles and shareholder rights. In her statement, Yuchengco emphasized that good governance depends on directors earning and retaining shareholders’ trust, while regulators must respect that electoral choice. She noted that repeated re-election should not be dismissed by the SEC, but rather reinforces the commission’s duty to clearly justify why such a choice should be overridden. Along with fellow director Eddie Gobing, Yuchengco has also filed a petition with the Court of Appeals to have the rule declared unconstitutional; both bring extensive board experience, with Yuchengco having served 28 years and Gobing 25 years.
PAGCOR decoupling nears decision as Tengco backs regulator-only role
The proposed separation of PAGCOR’s regulatory and casino-operating functions is nearing a key government decision, with Chairman and chief executive officer Alejandro H. Tengco pushing for the state gaming agency to focus solely on regulation.
DBCC nears fuel tax recommendation as oil stays high
The Development Budget Coordination Committee (DBCC) is finalizing its recommendation on possible fuel excise tax relief as elevated global oil prices continue to push up domestic pump prices, Malacañang said Thursday.
Cresendo draws factories, infrastructure to Tarlac growth hub
Ayala Land Inc.’s 290-hectare Cresendo estate in Tarlac is moving closer to becoming a full-scale industrial and urban center, with most industrial lots leased and major road, school, and commercial projects advancing alongside factory development.
Gilas wins big, Alas bows out fighting
Kazakhstan gave Philippine basketball and volleyball teams two very different reasons to remember Thursday.
SEC overhauls corporate governance training rules for listed entities
The Securities and Exchange Commission (SEC) has issued revised guidelines governing mandatory corporate governance training for directors and key officers, aiming to align local practices with international standards and strengthen market trust. This new memorandum circular repeals two older issuances—MC No. 11 (Series of 2012) and MC No. 2 (Series of 2015)—replacing them with streamlined rules that apply to all publicly listed firms, public companies, registered issuers, and accredited training providers.
BSP secures conviction vs unregistered financial operators, closed bank officials
The Bangko Sentral ng Pilipinas (BSP) announced that several individuals linked to closed banks, money changing outlets, and pawnshop businesses have been convicted by various courts across the country, following BSP-led investigations and referrals for prosecution. These judgments, which include substantial fines and prison terms, underscore the regulator’s firm stance on upholding banking and financial laws, and carry significant implications for industry stakeholders and the general public.
ACMobility charging network expands as BYD sales surge
ACMobility has captured nearly half of the Philippines’ open-access electric vehicle charging network as it rapidly expands infrastructure alongside the surging sales of Chinese EV brand BYD.
Beverage group warns P20 tax could raise drink prices
A proposed P20 increase in the excise tax on sweetened beverages could push up drink prices and put further pressure on consumers and small retailers, the Beverage Industry Association of the Philippines (BIAP) warned.
Taiwan firms target PH energy, healthcare, farm gaps
Taiwanese companies are looking to expand in the Philippines by targeting gaps in energy, healthcare, agriculture, and digital infrastructure, with 125 firms showcasing technologies at Taiwan Expo 2026 in Manila.