The Securities and Exchange Commission has approved the applications of SeedIn Technology and Eastern Securities for registration as crowdfunding intermediaries. The Commission granted both firms a permanent license each in lieu of a one-year provisional license, although their operations will be...
TUGADE INAUGURATES NEWLY- REPAIRED, UPGRADED NAIA TAXIWAY CHARLIE PHASE 2 DOTr inaugurates P1.1B NAIA Taxiway Charlie The Department of Transportation (DOTr) officially inaugurated the upgraded P1.1-billion Taxiway Charlie of the Ninoy Aquino International Airport (NAIA) on Feb. 25, 2022. Taxiway...
AlphanetWorld Corporation, which has been doing business under the name NWorld, has been ordered by the Securities and Exchange Commission (SEC) to stop soliciting investments from the public without the necessary license. In its order, the Commission En Banc directed AlphanetWorld to immediately...
The Securities and Exchange Commission (SEC) is planning to allow investment companies to operate as umbrella funds that can create sub-funds with segregated assets and liabilities. The Commission has released for public comment the proposed rules on the creation and operation of umbrella funds,...
Ayala-led ACEN Corporation is acquiring P2.0 billion-worth of additional shares in its subsidiary Buendia Christiana Holdings Corporation (BCHC), which is into landbanking for sites that it will be utilizing for renewable energy projects. In a disclosure to the Philippine Stock Exchange (PSE), ACEN...
The Department of Finance (DOF) lauded the Securities and Exchange Commission (SEC) for making significant strides in improving the ease of doing business in the Philippines through its digital transformation. In his report to DOF Secretary Carlos G. Dominguez III, SEC Chairperson Emilio B. Aquino...
The Securities and Exchange Commission (SEC) and the Philippine National Police Anti-Cybercrime Group (PNP-ACG) has arrested employees of CashTrees Lending and seized misused devices used for unregistered online ending applications. In a statement, the SEC said the operation is part of its ongoing...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion initial public offering (IPO) of Bank of Commerce and the P60-billion fixed-rate bonds of its parent company San Miguel Corporation (SMC). The Commission En Banc resolved to render effective the registration...
The Securities and Exchange Commission (SEC) has collected P119.07 million in fees and penalties through its web-based system that allows cashless payment of business registrations, fees, and other charges. SEC Chairman Emilio Aquino said the fees and other charges collected through the Electronic...
media The Philippine National Railways (PNR) will re-open its San Pablo-Lucena section, which links to the Bicol network, in three months, unlocking the economic potential of Southern Luzon. Aside from being a passenger commuter service, the PNR Lucena-San Pablo route can also be converted into a...
65770 The Department of Transportation ( DOTr) Maritime Sector has completed 143 social and tourism port projects nationwide to date, Secretary Art Tugade reported. The port projects will provide better accessibility, connectivity and mobility to coastal and island communities in Luzon, Visayas and...
President Duterte heaped praises on Philippine Coast Guard (PCG) Admiral Leopoldo Laroya after his more than 38 years of service to the country and as the Commandant of the Philippine Coast Guard (PCG) in the past five months officially came to a close. Department of Transportation (DOTr) Secretary...
