The Securities and Exchange Commission (SEC) has allowed SeedIn Technology, Inc. and Eastern Securities Development Corporation to act as crowdfunding intermediaries and operate crowdfunding portals, providing the country’s small, medium and emerging enterprises (SME) with more funding options. In its meeting on February 23, the commission en banc approved the respective applications of SeedIn Technology and Eastern Securities for registration as crowdfunding intermediaries, subject to the companies’ compliance with certain remaining requirements. SeedIn Technology The commission granted SeedIn Technology a permanent license in lieu of a one-year provisional license. The company’s operations, however, will be subject to frequent monitoring by

Deputy Speaker Rufus Rodriguez on Monday said there is more compelling reason to suspend the excise taxes on oil products due to the worsening Russia-Ukraine crisis, as he echoed his fellow lawmakers’ appeal for leaders of Congress to recommend to President Rodrigo Duterte the holding of a special session. “I support the proposal of my colleagues for a special session. We have to act now before the cost of crude and domestic fuel prices rise further,” Rodriguez said. Rodriguez also appealed to Finance Secretary Carlos Dominguez, who is opposing the proposed suspension, “to look at the bright side of the

Oil companies will increase pump prices for the ninth straight week on Tuesday morning. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell said they will raise diesel prices by PHP0.80 per liter and gasoline by PHP0.90 per liter. Caltex, Seaoil, and Shell will also hike kerosene prices by PHP0.75 per liter. With the non-stop price increase on petroleum products, year-to-date increments for gasoline stood at PHP8.75 per liter, PHP10.85 per liter for diesel, and PHP9.55 per liter for kerosene. Tensions between Russia and Ukraine further escalated late last week, which continue to affect global oil supply and

An indigenous peoples (IPs) group in Sultan Kudarat province has become a recipient Monday of a livelihood package worth PHP300,000 from the Department of Social Welfare and Development – Soccsksargen (DSWD-12). Edgar Guerra, the DSWD-12 program coordinator, identified the recipient of the support package as the Panamin IP Bagumbayan Sultan Kudarat Sustainable Livelihood Program Association (BSK-SPLA) The check for the IP association livelihood package was released during ceremonies held at the municipal gymnasium of Bagumbayan. The “Panamin IP BSK SLPA” is composed of 30 IP farmers in Barangay Sumalil. “They were prioritized in the financial aid since they were affected

The German-Philippine Chamber of Commerce and Industry (GPCCI) said it is exploring the potential of the Philippine market for green hydrogen as a future source of energy. “The German-Philippine Chamber of Commerce and Industry, on behalf of the German Federal Ministry for Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV), is currently assessing the market potential of green hydrogen and fuel cell applications in urban and remote areas in the Philippines,” GPCCI said in a statement Monday. GPCCI executive director Christopher Zimmer said the technology know-how of Germany on green hydrogen can help the country in increasing the share

Aksyon Demokratiko standard-bearer Francisco “Isko Moreno” Domagoso will prioritize the “life and livelihood” agenda for the first two years if he is elected in May. With the coronavirus disease 2019 (Covid-19) still a pandemic for nearly two years now, Domagoso said during the CNN Philippines-sponsored “Presidential Debates: The Filipino Votes” held at the University of Santo Tomas Quadricentennial Pavilion on Sunday that he will restore jobs and help businesses recover. “Well, I get things done. I don’t have to give a time frame. Since time immemorial, ‘pag ako po’y pumapasok sa gobyerno (whenever I work in the government), I really