The Department of Migrant Workers (DMW) has partnered with the Securities and Exchange Commission (SEC), for the financial literacy and investor protection for overseas Filipino workers (OFWs) and their families. DMW officer-in-charge Undersecretary Hans Leo J. Cacdac said the move is aimed...
The Securities and Exchange Commission (SEC) and the Anti-Money Laundering Council (AMLC) have filed a money laundering complaint against Silverlion Livestock Trading Corporation which was found to be illegally soliciting investments from the public. Through Deputized AMLC Financial Investigators,...
The Securities and Exchange Commission (SEC) is considering extending the deadline of its amnesty program further as representatives of business groups sued for more time before sitting down to discuss their complaint of the higher fees and charges to be implemented. In a press briefing Thursday,...
The Securities and Exchange Commission (SEC) will meet with business groups on Thursday, Oct. 12, to discuss complaints on the proposed revised schedule of certain fees and charges which is deemed too high. In a statement, the SEC welcomed the points and notes the concerns raised by business groups...
The Securities and Exchange Commission (SEC) has advised the public against dealing with Hoperices Investment and 99 Dragons PH due to their unauthorized solicitation of investments without the necessary license from the Commission. In an advisory, the SEC said Hoperices claims that it is an...
The local stock market is seen to remain cheap and this may continue to spur investors to bargain-hunt although the recent rise in the inflation rate and worries over the country’s economic growth are seen to limit any rallies. “The local market remains at bargain levels with a price to...
The Philippine Stock Exchange (PSE) underscored its commitment to promote investor education by taking part in the global Ring the Bell for Financial Literacy initiative, a program of the World Federation of Exchanges (WFE). In a statement, the PSE said its officers rang the closing bell in a...
The Securities and Exchange Commission (SEC) has flagged three more groups, including one pretending to be US investment bank Morgan Stanley, that are offering investment schemes even though they have not secured the necessary permits. In several advisories, the SEC advised the public against...
Local share prices plunged after the government reported that consumer prices surged in September. The main index fell 119.60 points or 1.90 percent to close at 6,178.60 as the Property sector led all sub indices in their retreat. A total of 676 million shares worth P5.43 billion changed...
The Securities and Exchange Commission (SEC) is revising its Sustainability Reporting (SR) Guidelines for publicly listed companies (PLCs) to reflect the latest developments in global sustainability frameworks. The SEC said it has issued for public comment on Oct. 4 the draft Memorandum Circular on...
The Philippine Stock Exchange (PSE) will finally launch its long-awaited short-selling program on Oct. 23 as it has already been given all the necessary regulatory approvals. Speaking during the Forum on Legislative Reforms for the Philippine Capital Market, PSE President and CEO Ramon S. Monzon...
Congress is not likely to push for the proposed junk food tax nor an increase in the tax imposed on sugary drinks due to the difficulty in enforcement as well as their mixed impact on health and nutrition. “Junk food tax—I don’t find a way of implementing,” said House Ways and Means...
