Napili, Bonacua and Associates, CPAs

Warmest birthday greetings, Ma'am Lykz Napili Tengco!

May this year bring you continued happiness, good health, success, and countless opportunities to achieve your dreams. Wishing you a wonderful celebration surrounded by the love and support of your family and friends.

Happy Birthday, and best wishes for a joyful and prosperous year ahead! 🎉🎂

40 years and counting… 🙏🙏🙏🙏👏👏👏👏

Is sustainability reporting just another compliance requirement—or your organization's next competitive advantage?

As sustainability expectations continue to grow, CPAs play a vital role in ensuring transparency, accountability, and long-term value creation.

𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐒𝐞𝐬𝐬𝐢𝐨𝐧 𝟒
𝐁𝐞𝐲𝐨𝐧𝐝 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞: 𝐌𝐚𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐒𝐄𝐂 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐑𝐮𝐥𝐞𝐬

Learn how to navigate the SEC's sustainability requirements with confidence and purpose.

📍 NUSTAR Convention Center, Cebu City
📅 September 24–25, 2026

Event Registration: https://docs.google.com/forms/d/e/1FAIpQLScs-YL3aWJHAvZZDIWS_mWqbOY7V10JG-A0ukZqIVUmGxwFNw/viewform

𝗦𝗘𝗖 𝗳𝗶𝗻𝗲𝘀 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗖𝗿𝗲𝗱𝗶𝘁 𝗳𝗼𝗿 𝗲𝘅𝗰𝗲𝘀𝘀𝗶𝘃𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲𝘀, 𝘂𝗻𝗳𝗮𝗶𝗿 𝗱𝗲𝗯𝘁 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀

The Securities and Exchange Commission (SEC) has penalized Inclusive Credit Lending, Inc. amounting to over P1 million for imposing excessive interest rates and engaging in unfair debt collection practices.

In an order dated July 21, the SEC Financing and Lending Companies Department (FLCD) found Inclusive Credit administratively liable for violating SEC Memorandum Circular (MC) No. 3, which prescribes the interest rate and fee ceiling and other charges by lending and financing companies on their online lending platforms, and MC No. 18, Series of 2019, which prohibits unfair debt collection practices.

The Commission directed Inclusive Credit to pay an administrative fine of P1.03 million for the violations.

The order stemmed from a complaint filed by a borrower who alleged that Investor Credit, through its online lending platform Pinoy Peso, imposed deductions amounting to 38 percent of the principal amount of every transaction. She also claimed that she had been subjected to threats, harassment and public shaming during the collection process.

Investigation by the FLCD showed that the 38 percent upfront charge structure in the Pinoy Peso interface translates to a seven-day effective interest rate (EIR) of 61.29 percent, equivalent to 262.67 per month or 8.67 percent daily. This exceeds the prescribed EIR monthly ceiling of 15 percent, or around 0.5 percent per day, in violation of MC 3.

Read the full press release: https://www.sec.gov.ph/pr-2026/sec-fines-inclusive-credit-for-excessive-interest-rates-unfair-debt-collection-practices/ .tab=0

Do your financial statements simply report numbers—or do they tell the right story?

With IFRS 18, financial reporting is evolving. Learn how aggregation, disaggregation, and improved presentation can help stakeholders better understand business performance.

𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐒𝐞𝐬𝐬𝐢𝐨𝐧 𝟑
𝐈𝐅𝐑𝐒 𝟏𝟖: 𝐀𝐠𝐠𝐫𝐞𝐠𝐚𝐭𝐢𝐨𝐧, 𝐃𝐢𝐬𝐚𝐠𝐠𝐫𝐞𝐠𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐓𝐞𝐥𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐒𝐭𝐨𝐫𝐲 𝐑𝐢𝐠𝐡𝐭

Stay ahead of the changes and gain insights that every CPA should know.

📍 NUSTAR Convention Center, Cebu City
📅 September 24–25, 2026

Event Registration: https://docs.google.com/forms/d/e/1FAIpQLScs-YL3aWJHAvZZDIWS_mWqbOY7V10JG-A0ukZqIVUmGxwFNw/viewform