The required initial public offering (IPO) for power generation companies (GenCos) at the Philippine Stock Exchange (PSE) has been proposed for scrapping, so the restructured electricity sector can attract more investments. To lift that mandate of the Electric Power Industry Reform Act (EPIRA),...
SM North EDSA receives Safety Seal certification The Safety Seal ceremony at SM North EDSA On June 5th, 2021, SM City North EDSA was named the first mall in Quezon City (QC) to be awarded the Safety Seal certification from the local government. This Safety Seal is given when the establishment shows...
Government regulators have been putting in place frameworks to encourage key sectors of the economy such as publicly listed companies, banks and financial institutions to contribute to the attainment of Sustainable Development Goals (SDGs). As a member of the United Nations, the Philippines has...
The Anti-Red Tape Authority (ARTA) has called on government agencies to follow the lead of the Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR) in reforming business processing. ARTA ARTA Secretary Jeremiah Belgica lauded the two agencies and urged others to follow...
After almost three decades, the Philippine National Railways (PNR) Clark Phase 1 Project is now on track, with a 45.82 percent overall progress rate, and “all moving forward,” Department of Transportation (DOTr) Secretary Arthur Tugade announced Wednesday night, May 26. 8494 “This is very...
After more than 20 years, the Securities and Exchange Commission (SEC) has finally secured the conviction of a stock broker involved the manipulation of the price of Best World Resources Corporation (BW) that started in October 1998. In a statement, the SEC said it has secured a fifth conviction...
The Securities and Exchange Commission (SEC) has given investment companies, brokers, dealers and other covered capital market participants an overall “medium” risk rating. This is the result of its money laundering (ML) and terrorist financing (TF) risk assessment of the securities sector the...
The Securities and Exchange Commission (SEC) has received special citations from the Anti-Red Tape Authority (ARTA) for its efforts toward improving the ease of doing business in the country. In the Ease of Doing Business Summit held last week, the ARTA recognized the Commission as a “Doing...
The Securities and Exchange Commission (SEC) has approved the public offering by Ayala Corporation of up to P10 billion worth of bonds under its P30 billion debt securities program. In its meeting on May 11, the Commission En Banc resolved to render effective the...
Listed firm Pilipinas Shell Petroleum Corporation is planning to pursue equity restructuring so it can reverse its negative retained earnings last year, which in turn will allow the company to accelerate its targeted cash dividend payment to its shareholders. “We are working very quickly to...
The Securities and Exchange Commission of the Philippines has been admitted as a new signatory to the ASEAN Collective Investment Schemes (CIS) Framework. This is after it signed a supplemental Memorandum of Understanding with the Securities Commission Malaysia (SC), the Monetary...
The inter-agency Financial Stability Coordination Council (FSCC) could do more defensive strategy to support its monitoring of systemic risks and policy interventions to preempt any more COVID-19 shocks in the financial system. “We see the surveillance or monitoring as a very important core...
