Tag: Overseas Workers Welfare Administration

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.

Ordinary consumers and business owners can look forward to substantial savings at the pump this week as local oil companies prepare to roll back pump prices for both gasoline and diesel by as much as P5.00 per liter. The upcoming reduction marks another consecutive week of price cuts, delivering direct financial relief to households managing tight budgets and enterprises battling heavy operating costs.