F. Uy Tax and Accounting Services

📣 𝗦𝗘𝗖 𝗳𝗶𝗻𝗲𝘀 𝗛𝗖 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝘂𝗻𝗳𝗮𝗶𝗿 𝗱𝗲𝗯𝘁 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻

The Securities and Exchange Commission (SEC) has fined HC Consumer Finance Philippines, Inc. for engaging in unfair debt collection practices.

In an order dated June 3, the SEC Financing and Lending Companies Department found HC Consumer Finance liable for violation of SEC Memorandum Circular (MC) No. 18, Series of 2019 (MC 18), which prohibits unfair debt collection practices, and MC No. 5, Series of 2023, or the SEC Rules and Regulations of the Financial Products and Services Consumer Protection Act (FCPA) of 2022.

Included in the list of unfair debt collection practices under MC 18 is the contacting of persons in the borrower’s contact list other than those named as guarantors or co-makers. The same act is considered an abusive debt recovery practice under MC 5.

“The use of a third-party residence as a collection venue necessarily creates a substantial risk that the existence of the debt, the borrower's financial condition, or the fact of delinquency will become known to persons who have no lawful interest in the transaction. Such exposure is precisely what the FCPA, MC 18, and MC 5 seek to prevent,” the order read.

Read more: https://www.sec.gov.ph/uncategorized/sec-fines-hc-consumer-finance-for-unfair-debt-collection/

📣 𝗦𝗘𝗖 𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝘀 𝗚𝗹𝗼𝗯𝗮𝗹 𝗢𝗻𝗲 𝗛𝗼𝘁𝗲𝗹’𝘀 𝗿𝗲𝗻𝘁𝗮𝗹 𝗽𝗼𝗼𝗹 𝗱𝗲𝗮𝗹𝘀

The Securities and Exchange Commission (SEC) has considered favorably the rental pool program of Global One Hotel Group, Inc. under the streamlined guidelines on Securing and Expanding Capital in Real Estate Non-Traditional Securities (SEC RENT).

In its meeting on June 11, the Commission En Banc resolved to render effective the company’s registration statement covering 6,340 certificates of participation in pool sharing agreements across its 12 condominium hotel projects, subject to the company’s compliance with remaining requirements.

Read more: https://www.sec.gov.ph/pr-2026/sec-approves-global-one-hotels-rental-pool-deals/

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The BIR collected ₱279.1 billion in May 2026, surpassing its target and achieving 14.15% growth from the same period last year.

Driven by taxpayer cooperation, dedicated frontline personnel, and continuing DARES reforms, the Bureau remains committed to providing efficient service while safeguarding the country's revenue base.