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Lawyer Raphael Perpetup Lotilla may occupy the post of energy secretary even if he served as an independent director in power firms Aboitiz Power and Exenor, the Department of Justice said on Thursday.
MANILA - The Department of Justice (DOJ) on Thursday said there is no legal obstacle to the appointment of lawyer Raphael Lotilla as the country's new energy secretary. In a statement, the DOJ said it believes that his nomination as the Department of Energy (DOE) secretary is "valid and lawful" even as Lotilla served as an independent director of Aboitiz Power Corporation and Ace Enexor. "The position of the department is that the appointment should be valid given that an independent director does not fall within those prohibited by the Department of Energy Act of 1992,"...
The Securities and Exchange Commission (SEC) vowed to continue advancing reforms and programs that will enable the growth of the capital market and the broader corporate sector under the new administration. “We recognize our vital role in the country’s economic growth and recovery, being the county
A person desiring to engage in business can start with the simplest business organization – that of a single proprietorship. A single proprietorship is expedient to organize because it has minimal registration and bookkeeping requirements. It has one major drawback though. Since the
The Department of Finance (DOF) has reaffirmed that the Bureau of Fire Protection Mutual Aid and Beneficiary Association Inc. (BFPMBAI) is operating illegally as a mutual benefit association (MBA). On on Tuesday, June 21,the DOF said it is siding with the Insurance Commission, its attached agency,