The Securities and Exchange Commission (SEC) has ordered Superbreakthrough Enterprises Corporation to stop illegally soliciting investments from the public. The Commission En Banc directed Superbreakthrough Enterprises, which has been doing business under the name 1UP Time, to immediately cease and...
Securities and Exchange Commission (SEC) Chairperson Emilio B. Aquino wrapped up a milestone year with the Outstanding Professional of the Year Award from the Professional Regulation Commission (PRC). The award was given in recognition of his contributions in the field of accountancy. SEC...
The Securities and Exchange Commission (SEC) is warning the public against investing in Iloilo-based Salon de Pamplona as it was found to be soliciting investments without the necessary licenses. In an advisory, the Commission said that Salon de Pamplona is not authorized to sell or offer...
The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
The Securities and Exchange Commission (SEC) reported that the principals of Kapa Community Ministry International Inc. (KAPA), touted as the largest investment scam in Philippine history, have been sentenced to suffer the penalty of life imprisonment. They have been convicted for syndicated estafa...
The Department of Finance (DOF) said micro, small, and medium enterprises (MSMEs) have now more options to raise funds due to the Securities and Exchange Commission's (SEC) intensified initiatives to facilitate accessible funding for small businesses. In a statement, Finance Secretary Benjamin E....
This week, the stock market could still benefit from positive sentiment due to prospects of rate cuts next year although last week’s rally may result in some profit-taking prior to the long Christmas weekend. “The policy easing prospects of the Federal Reserve may still provide support to the...
Maya, the leading digital bank app in the Philippines, has launched Maya Stocks, the first retail investing service in the Philippines integrated in a digital bank app. In a statement, Maya said the app offers real-time transactions and instant earnings growth through its diverse wealth-building...
The Securities and Exchange Commission (SEC) has launched a new platform for small businesses and startups to explore and learn more about their financing options in the capital market. At the same time, the SEC has capped its nationwide roadshow pitching the capital market as an accessible funding...
The Securities and Exchange Commission (SEC) urges non-compliant and suspended or revoked corporations to start 2024 with a clean slate by availing of the amnesty before the year ends. The commission said in a statement that corporations now have less than three weeks to avail of the SEC amnesty...
The Securities and Exchange Commission (SEC) conditionally approved the planned P708-million direct public offering of Angeles Electric Corporation, allowing the Nepomuceno family to dilute it full ownership to 82.4 percent stake. In its meeting on Dec. 7, the Commission En Banc resolved to...
This week, stock investors will be mainly looking at the policy meetings of the US and Philippine central banks for catalysts even as hopes for a Santa Claus rally seem to have waned. “The local bourse is on a 2-week losing streak as investors continue to take profits. In the process, the market...
