Tag: hot money

Sunday belonged to Alas Pilipinas, and halfway around the world, the Philippine volleyball program made sure it would be remembered.

Philippine business groups have warned that acts of intimidation and hatred could damage investor confidence, tourism and the country’s global reputation, urging authorities to quickly identify those responsible and enforce the law.

Manila Electric Co. (Meralco) announced Sunday that electricity rates in its service area will likely decrease this August, ahead of the official rate adjustment set to be released on August 10. The company said a newly approved refund from the Energy Regulatory Commission (ERC) will be enough to cover other upward adjustments in monthly bills.

The Securities and Exchange Commission (SEC) has stood by its decision to set term limits for broker-directors of the Philippine Stock Exchange (PSE). Under SEC Memorandum Circular No. 17, these directors may serve a maximum of 10 years in total at any exchange.