The Securities and Exchange Commission (SEC) has slapped a ₱1-million fine against Surity Cash Lending Investors Corp. for its unfair debt collection practices. The Commission En Banc decided to impose the fine after Surity Cash was found to have committed three counts of violation of SEC...
The Securities and Exchange Commission (SEC) was awarded for well-being and diversity by Investors in People (IiP) Philippines, reflecting its commitment to investing in its workforce to achieve excellence in public service. The Commission said it was named the winner for the Award for Wellbeing...
Philippine Ambassador to China Jaime FlorCruz has urged Chinese businessmen to invest in the Philippines, emphasizing that the country is “open for business” and citing its strength in tourism, hospitality, wellness services, and education. “We are open for business and we welcome China, our...
Senate President Francis “Chiz” Escudero expressed confidence that more foreign investors will look at the Philippines as an ideal investment destination with the enactment of a law that extends their land lease contract to 99 years. The measure, principally authored by Escudero during the...
Global investors are flocking to the Philippines due to the country 's booming luxury tourism sector and promising high-return investment opportunities, the Department of Tourism (DOT) said. DOT Secretary Christina Garcia-Frasco said incentives under the CREATE More Act, rising hotel demand,...
The Securities and Exchange Commission (SEC) has slapped a ₱1-million penalty on Link Credit Lending Investors Inc., doing business under the names and styles of iPeso and Pesoin, for engaging in unfair debt collection practices. In an order dated July 18, the SEC Financing and Lending Companies...
Despite the Department of Energy’s (DOE) efforts to cancel renewable energy (RE) contracts that miss their implementation timelines, the agency continues to shy away from investigating the murky waters of potentially questionable project shareholders, and as a result, the industry’s darker...
The 'hotness ' of the Philippines for renewable energy investments may be losing its sizzle. Some foreign investors are now quietly slipping out the back door, leaving behind whispers of uncertainty, a trail of unanswered questions about what went wrong, and a half-empty plate of missed...
Malacañang said the recent arrest and surrender of former president Rodrigo Duterte to the International Criminal Court (ICC) did not change the view of foreign investors of the Philippines. Palace Press Officer and Communications Undersecretary Claire Castro (RTVM) In a press briefing, Palace...
DTI Secretary Cristina Roque discussing Philippine-Japan economic ties with Sumitomo Corp. Department of Trade and Industry (DTI) Secretary Cristina Roque cited the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE...
JINAN, China—The Philippine government has pitched for more Chinese investments in the country, citing its advantage for conducting business, including economic growth and reforms as well as rich talent and demographic pool. Manila's trade representative in Beijing, Glenn Penaranda, led a...
DAVAO CITY – Policy advocacy group Legal Rights and Natural Resources Center is wary of the proposed Investors Lease Act as it could undermine Philippine land lease policies and bring adverse impact to smallholders and indigenous communities. A FARMER removes weeds in her carrot farm...
