Russian invasion, alert level to sway stocks By JAMES A. LOYOLA Russia’s invasion of Ukraine and its impact on global equities and other markets will continue to weigh on the local bourse although an easing of quarantine measures may give the PSEi a little boost. “Next week, the local market is...
AlphanetWorld Corporation, which has been doing business under the name NWorld, has been ordered by the Securities and Exchange Commission (SEC) to stop soliciting investments from the public without the necessary license. In its order, the Commission En Banc directed AlphanetWorld to immediately...
The Securities and Exchange Commission (SEC) is planning to allow investment companies to operate as umbrella funds that can create sub-funds with segregated assets and liabilities. The Commission has released for public comment the proposed rules on the creation and operation of umbrella funds,...
The Securities and Exchange Commission (SEC) has finally approved the application of the Association of Major Religious Superiors in the Philippines (AMRSP) to change its name. CMSP The official Certificate of Registration for the Conference of Major Superiors in the Philippines (CMSP) was released...
The local stock market declined on renewed concern over tensions between Russia and Ukraine. The main index shed 20.14 points or 0.27 percent to close at 7,418.79 as the Industrial counter led the retreat that was partially offset by the strong gains of the Property and Mining and Oil sectors....
The Department of Finance (DOF) lauded the Securities and Exchange Commission (SEC) for making significant strides in improving the ease of doing business in the Philippines through its digital transformation. In his report to DOF Secretary Carlos G. Dominguez III, SEC Chairperson Emilio B. Aquino...
The Securities and Exchange Commission (SEC) and the Philippine National Police Anti-Cybercrime Group (PNP-ACG) has arrested employees of CashTrees Lending and seized misused devices used for unregistered online ending applications. In a statement, the SEC said the operation is part of its ongoing...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion initial public offering (IPO) of Bank of Commerce and the P60-billion fixed-rate bonds of its parent company San Miguel Corporation (SMC). The Commission En Banc resolved to render effective the registration...
The Securities and Exchange Commission (SEC) has collected P119.07 million in fees and penalties through its web-based system that allows cashless payment of business registrations, fees, and other charges. SEC Chairman Emilio Aquino said the fees and other charges collected through the Electronic...
The Securities and Exchange Commission (SEC) has ordered eight online lending operators to stop conducting lending activities without the necessary license as it continues its crackdown against illegal lenders. In an order, the Commission En Banc directed CashWill, PesoBee, Peso T-Safe Online Cash,...
The Securities and Exchange Commission (SEC) has ordered eight online lending operators to stop conducting lending activities without the necessary license as it continues its crackdown against illegal lenders. In an order, the Commission En Banc directed PesoBee, Peso T-Safe Online Cash, RushLoan,...
The Securities and Exchange Commission (SEC) has revoked the registration of Suhail Medical Center, Inc. for unauthorized solicitation of investments from the public. In its order, the SEC Enforcement and Investor Protection Department (EIPD) said it found that the company headed by Jesser T....
