The pandemic has set back the opening of the P488-billion Metro Manila Subway by three years, to 2025, the Department of Transportation (DOTr) has confirmed. Originally, target start date for partial operations for the subway's first three stations from Valenzuela – Mindanao Avenue Station,...
The Securities and Exchange Commission has convinced technology giant Google to adopt a more stringent approval process for online lending apps in the Philippines as part of the agency’s efforts to tackle illegal and abusive lending practices. In a statement, the SEC said that, effective May 11,...
The Securities and Exchange Commission (SEC) has revoked the corporate registrations of ScentkoWorld Corporation and Brendahl Cruz Holdings, Inc. for illegally soliciting investments from the public through a “buy and earn” program. The SEC Enforcement and Investor Protection Department (EIPD)...
Securities and Exchange Commission (SEC) Associate Commissioner Commissioner Javey Paul D. Francisco has been reappointed and is expected to continue to steer the agency’s initiatives toward improving the ease of doing business in the country. First appointed as SEC commissioner in 2018,...
Philex Mining Corporation is postponing its planned P3.15 billion stock public offering “given the current market volatility to help ensure its success.” In a disclosure to the Philippine Stock Exchange, the firm said it had agreed with issue manager and lead underwriter for the offer BDO...
DOTR Secretary Arthur Tugade during the meeting with DOTr road sectorcteam for the Cebu BRT. The Department of Transportation (DOTr) is fast-tracking the P16.3-billion Cebu Bus Rapid Transit (Cebu BRT) project, which was originally scheduled to operate a crucial segment last year. Transportation...
The dual-tranche P5-billion ASEAN green bonds issuance of Lopez-led Energy Development Corporation (EDC) has been rated as the “best local currency green bond” by the Triple A Awards 2021, which is part of The Asset, a financial multi-media group. In a statement to the media, EDC noted that the...
The Securities and Exchange Commission (SEC) was able to maintain the ISO 9001:2015 Certification of its quality management system covering all core services across its main and extension offices. “Once again, the SEC has demonstrated its global competitiveness as the premier investor champion...
The Securities and Exchange Commission (SEC) has issued cease and desist orders (CDOs) against six online lending operators for conducting lending activities without the necessary license from the Commission. The Commission En Banc directed PesoKwento, Pondo Cash, TBAG, Cash Sky, Loan Cash, and...
The Securities and Exchange Commission (SEC) has revoked the license of Cashtrees Lending Corporation for launching and operating unregistered online lending platforms (OLPs) despite a moratorium imposed by the Commission. In an order, the SEC Corporate Governance and Finance Department (CGFD)...
The Korean Cultural Center (KCC) in the Philippines inaugurated its new home on March 23 at 59 Bayani Rd., Fort Bonifacio, Taguig City. Korean Ambassador to the Philippines Kim Inchul, Tourism Sec. Bernadette Romulo-Puyat and KCC Director Im YoungA led the ribbon cutting ceremony. Korean Ambassador...
The Securities and Exchange Commission (SEC) welcomed Atty. McJill Bryant T. Fernandez who has been appointed associate commissioner as Commissioner Ephyro Luis B. Amatong ended his eight years of service in the SEC. “We are excited to work with Commissioner Fernandez, whose extensive experience...
