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The SEC was abolished during the Japanese occupation of the Philippines and was replaced with the Philippine Executive Commission. It was reactivated later in 1947 with the restoration of the Commonwealth Government. Due to the changes in the business environment, then President Ferdinand E. Marcos reorganized the SEC on September 29, 1975.
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
The Credit Information Corporation (CIC) is a government-owned and controlled corporation providing credit information system in the Philippines.It was created in 2008 by the Credit Information System Act (CISA) to construct a centralized, comprehensive credit information system for the collection and dissemination of accurate and fair information relevant to, or arising from, credit and ...
This work is in the public domain in the Philippines and possibly other jurisdictions because it is a work created by an officer or employee of the Government of the Philippines or any of its subdivisions and instrumentalities, including government-owned and/or controlled corporations, as part of their regularly prescribed official duties ...
In 2002, it had nonperforming bad loans of 1.4 billion Philippine pesos, but for 2003 this had increased to 4.18 billion Philippine pesos. As of 2017, the last major loss it took was in 2006 when it lost 500 million Philippine pesos invested in the Centennial Savings Bank and Centennial Financing Corp [ 10 ] [ 11 ]
— E.O. 2 sec. 1.a The law expansively defines "official records" as "information produced or received by a public officer or employee, or by a government office in an official capacity or pursuant to a public function or duty," while "public records" refer to "information required by laws, executive orders, rules, or regulations to be entered ...
PHP 13.18 billion (2020) Total assets: PHP 401.5 billion (2023) Total equity: PHP 201.02 billion (2020) Parent: Lopez, Inc. (54.44%) Subsidiaries: ABS-CBN Corporation Manila Electric Company (3.95% interest) First Philippine Holdings Corporation First Gen Corporation First Philec Corporation First Philippine Industrial Park Rockwell Land ...
The National Grid Corporation of the Philippines (NGCP) is a privately owned corporation that was established on January 15, 2009, through RA 9511.It is a consortium of three corporations, namely Monte Oro Grid Resources Corporation, Calaca High Power Corporation, and the State Grid Corporation of China.