The Securities and Exchange Commission (SEC) has approved the planned P1.89 billion initial public offering (IPO) of Alternergy Holdings Corporation. The Commission En Banc has resolved to render effective the registration statement of Alternergy Holdings covering 4.32 billion common shares,...
The Securities and Exchange Commission (SEC) has made permanent its order stopping AlphanetWorld Corporation, which has been doing business under the name NWorld, from soliciting investments from the public without the necessary license. In a resolution, the Commission En Banc denied for lack of...
The Securities and Exchange Commission (SEC) has approved the P30 billion debt securities program of Robinsons Land Corporation, which looks to raise as much P15 billion from the initial tranche. The Commission En Banc resolved to render effective the registration statement of Robinsons Land...
The Securities and Exchange Commission (SEC) has cancelled the lending license and corporate registration of Flying Bear Lending Corporation which is operating as Yopeso, Morepeso and Rapidpeso. In a statement, the commission said the cancellation is due to the firm’s failure to disclose its...
The ASEAN Audit Regulators Group (AARG) has reaffirmed its commitment to raising the bar for audit quality amid the challenges faced by the region today. This commitment was renewed as the AARG convened in a virtual plenary meeting hosted by the Securities and Exchange Commission (SEC) Philippines...
The Department of Information and Communications Technology (DICT) intends to deploy digital connectivity faster under the Marcos' administration's Build, Better More Program, DICT Secretary Ivan John Uy said. Uy made this commitment during a press briefing Wednesday, July 27 at the Manila Hotel...
The Securities and Exchange Commission (SEC) secured another win with the conviction of seven investment scammers behind One Dream Marketing Inc. for the illegal offer of securities and engaging in fraudulent transactions. In a statement, the SEC said the Regional Trial Court in Batangas sentenced...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Wellcons Unlimited Systems, Inc. for illegally solicit investments from the public through a “double-your-money” scheme that resembles a Ponzi scam. In its order, the SEC Enforcement and Investor Protection...
ACEN Corporation, the energy investment arm of the Ayala group, will be issuing P30-billion worth of debt securities to bankroll its array of renewable energy projects. In a disclosure to the Philippine Stock Exchange (PSE), the company indicated that it will file an application with the Securities...
The Securities and Exchange Commission (SEC) has ordered Wellcons Unlimited Systems, Inc. to stop offering investment packages to the public because it does not have the necessary license from the Commission. In a statement, the SEC said the Commission En Banc directed Wellcons to immediately cease...
The Securities and Exchange Commission (SEC) has approved the planned P2.68 billion listing of LFM Properties Corporation on the stock exchange by way of introduction. In its meeting on June 28, the Commission En Banc rendered effective the registration statement of LFM Properties covering up to...
The Securities and Exchange Commission (SEC) vowed to continue advancing reforms and programs that will enable the growth of the capital market and the broader corporate sector under the new administration. “We recognize our vital role in the country’s economic growth and recovery, being the...
