DOTR123 The 2,000 container trucks plying the Southbound area of Roxas Boulevard daily should transport their cargoes via barges linking the Manila International Container Terminal (MICT) and the Cavite Gateway Terminal (CGT) inTanza when the road is closed off in succeeding months. This is the...
The government and the private sector continued to take advantage of digital technologies to make it easier and more convenient for small investors and businesses to participate in the capital markets. During a recent Capital Market Development Council (CMDC) meeting, the Bureau of the Treasury,...
The Securities and Exchange Commission (SEC) has won another legal battle against on illegal lending with a regional trial court having convicted the incorporators and directors of X-CEE789 Lending and Trading, Inc. for submitting falsified documents for its registration. In a decision dated June...
The Securities and Exchange Commission (SEC) has accelerated the implementation of its digitalization reforms to further improve the ease of doing business in the country and spur the growth of domestic enterprises. In a report to Finance Secretary Carlos G. Dominguez III, SEC Chairman Emilio...
President Duterte praised the work of Commandant Vice Admiral Leopoldo Laroya of the Philippine Coast Guard (PCG) at the donning and oath-taking ceremony held at the PCG Auxiliary (PCGA) last Tuesday, Nov. 22 in General Santos City. “Congratulations, sir, sa promotion mo. Ang ganda ng Coast Guard...
The Securities and Exchange Commission (SEC) has issued the draft guidelines for the registration and operation of online lending platforms (OLPs) as part of its efforts to stop abusive and predatory practices. The Commission released for public comment the draft guidelines on November 19,...
The Securities and Exchange Commission (SEC) has approved three public share offerings -- Figaro Coffee Group, Inc., Citicore Energy REIT Corp. (CREIT) and, Arthaland Corporation -- worth almost P15 billion. Figaro initial public offering will consist of up to 1.26 billion common shares priced at...
President Duterte has promoted four captains of the Philippine Coast Guard (PCG) based on the recommendation of Department of Transportation (DOTr) Secretary Arthur Tugade. From the rank of captain, Ramon S. Lopez, Joeven L. Fabul, Edgar L. Ybañez and Mitzie S. Silva-Campo were promoted to the...
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...
