The Department of Finance (DOF) wants financial technology (Fintech) companies in the country to be properly regulated and taxed while encouraging the sector’s growth and continued innovation. In a statement, DOF Secretary Carlos G. Dominguez III said Tuesday, Nov. 16, that he has tasked the...
Budding energy firm Solar Philippines Nueva Ecija Corporation (SPNEC) has secured the approvals of the Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE) on its initial public offering (IPO) this year. The designated issue manager and lead underwriter for the planned...
Alcantara-led Alsons Consolidated Resources Inc. (ACR) has listed with the Philippine Dealing and Exchange Corporation (PDEx) the P600 million second tranche of its commercial papers (CP) issuance. That portion of the CP offer is part of the P3.0 billion CP program that the company had registered...
President Duterte has approved the promotion of the commandant of the Philippine Coast Guard and also gave the green light for the promotion of two other officers. From Vice Admiral, Duterte promoted Leopoldo V. Laroya to Admiral effective Nov. 5. He also signed the promotion of two Coast Guard...
President Duterte has approved the appointment of former Philippine Coast Guard (PCG) Commandant, Admiral George Ursabia as Undersecretary for maritime affairs of the Department of Transportation (DOTr). DOTr Secretary Arthur Tugade made the announcement during the inauguration on Monday, Nov. 8,...
The Securities and Exchange Commission (SEC) is calling on Filipinos to secure their future through smart and sustainable investments, as it leads the celebration of the 2021 Investor Protection Week. From Nov. 8 to 12, the SEC will celebrate the Investor Protection Week with webinars and other...
The Department of Justice (DOJ) has affirmed the findings of the Securities and Exchange Commission (SEC) by recommending the filing of criminal charges against Organico Agribusiness Ventures Corporation and its officers for unauthorized solicitation of investments. In a resolution on September 3,...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion preferred shares offering by Cirtek Holdings Philippines Corporation. In its meeting on October 26, the Commission En Banc resolved to render effective the registration statement of Cirtek covering 50 million...
The Energy Regulatory Commission (ERC) is seeking guidance from the Securities and Exchange Commission (SEC) on the appropriate modality in the mandated initial public offering (IPO) of power generation companies (GenCos). “We are in consultation with SEC for us to be able to come up with a more...
266929 Department of Transportation (DOTr) Secretary Arthur Tugade led the contract signing for the Project Management Consultant Contract of the P82 Billion Mindanao Railway Project, the Tagum-Davao-Digos (MRP-TDD) Segment, Oct. 20, 2021. The 100-kilometer Tagum-Davao-Digos Segment will link Davao...
The Securities and Exchange Commission (SEC) has approved the P2-billion maiden share offering by Medilines Distributors Incorporated and the P9.55 billion follow-on offering by Sta. Lucia Land, Inc. In its meeting on October 12, the Commission En Banc resolved to render effective the registration...
Leading oil firm Petron Corporation has accomplished on Tuesday, Oct. 12, its listing with the Philippine Dealing and Exchange Corporation (PDEx) for the P18-billion first tranche of its fixed rate peso-denominated retail bonds. That bond issue will be the initial fund-raising activity of the oil...
