Maynilad Water Services, Inc., the water provider of most cities in Metro Manila, has been granted by the Securities and Exchange Commission (SEC) a permit to sell its P15 billion blue bond offering. This comes after the Philippine Rating Services Corporation granted Maynilad’s blue bonds a PRS...
Leading oil industry player Petron Corporation is seeking extension from the Securities and Exchange Commission (SEC) for the shelf registration of its P50 billion worth of programmed peso fixed-rate bonds issuance. The company stated that in its disclosure to the Philippine Stock Exchange (PSE),...
The Securities and Exchange Commission (SEC) has ordered six financing and lending firms to stop operations for failure to comply with requirements of the Financial Consumer Products and Services Consumer Protection Act. In a statement, the SEC said it has issued cease and desist orders (CDO)...
The Securities and Exchange Commission (SEC) has ordered Humanitarian and Spiritual Mission Apostulates of Davao and Asia Inc., HASMADAI Foundation Inc., and Humanitarian Institute of Technology Corp. (collectively HASMADAI) to stop their unauthorized solicitation of investments. In a cease and...
The Securities and Exchange Commission (SEC) has approved the planned bond offering of Megawide Construction Corporation worth up to P5 billion. In its meeting on June 18, the Commission En Banc resolved to render effective the registration statement of Megawide covering up to P4 billion of...
The Securities and Exchange Commission (SEC) has filed its second money laundering case against Silverlion Livestock Trading Corp. for its allegedly illegal solicitation of investments from the public. A joint complaint was filed last June 4 by the SEC and the Anti-Money Laundering Council (AMLC)...
The Securities and Exchange Commission (SEC) reported that it has filed a criminal complaint against the group of a casino junket operator and some individuals for engaging in unlawful activities linked to money laundering. In a complaint filed before the Department of Justice on May 31, 2024, the...
The Securities and Exchange Commission (SEC) has approved the P1-billion direct public offering (DPO) of Allied Care Experts Medical Center-Zamboanga, Inc. (ACE-MCZ). In its meeting on June 6, the Commission En Banc resolved to render effective the registration statement of the company covering...
The Securities and Exchange Commission reported that the officers of delisted company Calata Corporation have been sentenced to pay fines totaling P8 million for making misleading and exaggerated statements. The commission said these statements were about the firm’s supposed Mactan Leisure City...
The Securities and Exchange Commission (SEC) has approved the shelf registration of SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, for up to P100 billion of fixed-rate bonds and an initial offering worth up to P25 billion. In its meeting on May 23, the...
The Securities and Exchange Commission (SEC) has lodged criminal complaints against four groups soliciting investments from the public without the necessary registration and licenses. In a statement, the SEC said has lodged separate complaints before the Department of Justice against Bear Mountain...
The Securities and Exchange Commission (SEC) has approved the planned P15 billion offering of blue bonds by Maynilad Water Services, Inc. In its meeting on May 16, the Commission En Banc resolved to render effective the registration statement of Maynilad covering up to P12 billion of fixed-rate,...
