The latest
Corporate
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.
Banking & Insurance
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.
Mobility
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.
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