The Department of Transportation (DOTr) assured the public that the P488 billion Metro Manila Subway Project (MMSP), one of the Philippines’ largest infrastructure projects, will be completed after the historic lowering of the projects's first Tunnel Boring Machine (TBM) over the weekend. The...
The Securities and Exchange Commission (SEC) announced that it has maintained the highest audit mark from the Commission on Audit (COA) for the fourth straight year. In a statement, the SEC said it has received an “unmodified opinion” from the COA, a testament to the Commission’s transparent...
The Department of Finance (DOF) said that Binance, the largest cryptocurrency exchange in the world, is not registered with the Philippines’ securities and banking regulators. Finance Secretary Carlos G. Dominguez III said on Thursday, June 9, said Binance is not registered with the Securities...
The Securities and Exchange Commission (SEC) has added new options for its online payment system, making payment for registration and transactions fees faster and more convenient for the public. In a statement, the SEC said clients can now use their GCash payment wallets to settle registration and...
Ayala-led oil and gas firm ACE Enexor Inc. has announced withdrawal from earlier plans to pursue stock rights offering (SRO) and follow-on-offering (FOO) via the local course due to "unfavorable" market condition at this time. In a disclosure to the Philippine Stock Exchange (PSE), the listed...
SEC reaps awards as champion of good governance By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) continues to reap global recognition as an advocate of good governance and transparency in the Philippine corporate sector. Cambridge International Financial Advisory (Cambridge IFA)...
The Department of Transportation (DOTr) successfully activated an additional crew change hub at the Port of Cagayan De Oro on Tuesday, May 31, 2022, bringing a total of 12 hubs in the country, Secretary Art Tugade announced. The hubs include the Port of Manila, Currimao, Poro Point (La Union),...
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of VistaREIT, Inc. of up to P9.18 billion and of Raslag Corporation worth up to P700 million. The Commission En Banc has resolved to render effective the registration statements of VistaREIT and...
A definitive regulation is being sought from the Securities and Exchange Commission (SEC) for the proposed "forward market’" to be instituted in the country’s Wholesale Electricity Spot Market (WESM). The Independent Electricity Market Operator of the Philippines (IEMOP), which is the operating...
Albay 2nd district Rep. Joey Salceda believes that a bigger crackdown on online lending and investment scams is coming sooner than later, thanks to President Duterte's expected signing of the Financial Consumer Protection (FCP) Act. (Maxim Ilyahov/ Unsplash) “I am told by sources in the Palace...
The Securities and Exchange Commission (SEC) now has the power to speed up the resolution of numerous pending cases pertaining to companies with foreign ownership after the amendment of three laws. These amended laws are the Foreign Investments Act (FIA), the Public Service Act (PSA), and the...
The Securities and Exchange Commission (SEC) has ordered three online firms to stop their unauthorized lending activities and their use of abusive collection practices. In an order issued April 26, the Commission En Banc directed Golden Cash, Help Cash, and Grace Cash to immediately cease and...
