SM Prime Holdings, Inc. is planning to raise up to P10 billion from the third tranche of its P100 billion fixed-rate bonds with the Securities and Exchange Commission in February last year. In a disclosure to the Philippine Stock Exchange, the firm said it has filed with the SEC an application for...
This week, stock market investors will be watching out for three key government announcements on the quarantine classification as well as the latest inflation and unemployment data. “The local bourse may take cues from the government’s decision regarding the quarantine classifications of the...
The Securities and Exchange Commission (SEC) has ordered R.L. Aggregates and Diversified Lending Group, Inc. to stop soliciting investments from the public through a fraudulent scheme. In an order issued July 26, the SEC ordered R.L. Aggregates to immediately cease and desist from engaging in the...
The Securities and Exchange Commission is warning the public not to invest in the schemes being offered by Money Game Hub or MGH Trading OPC as they do not have the necessary license to solicit investments. “Those who act as salesmen, brokers, dealers or agents of MONEY GAME HUB / MGH TRADING OPC...
The Securities and Exchange Commission (SEC) has approved the maiden public offering of Central Azucarera de San Antonio, Inc. (CASA) worth up to P558.5 million. In its meeting on August 31, the Commission En Banc resolved to render effective the registration statement of CASA covering 1.85 million...
The local stock market is seen to be weighed down by the extension of quarantine measures in the national capital region as well as by rising COVID-19 cases while several issuances may affect market liquidity. “In general, the local market has shown bullish momentum in the past two weeks. The...
The Court of Appeals (CA) has upheld the Securities and Exchange Commission’s issuance of a cease and desist order against Planpromatrix Online Co. to bar it from soliciting investments from the public without the necessary license. In its decision, the CA Special 10th Division affirmed the...
The Securities and Exchange Commission (SEC) has approved the planned public offering by D&L Industries, Inc. of fixed-rate bonds worth up to P5 billion. In its meeting on August 26, the Commission En Banc resolved to render effective the registration statement of D&L covering up to P3...
Popular online play-to-earn company Axie Infinity or Sky Mavis is not registered as a corporation with the Securities and Exchange Commission nor does it have a license to sell or trade securities in the Philippines. “The SEC has received numerous inquiries regarding Axie Infinity as well as...
The Securities and Exchange Commission (SEC) has ordered Royal O’ Consultancy Services OPC, Royal O’ International Import and Export OPC, and their affiliate companies to stop soliciting investments from the public. In a statement, the SEC said these firms solicit investments under a scheme...
The Securities and Exchange Commission announced that qualified investment companies from the Philippines may now offer their shares to Malaysia, Singapore, and Thailand, and vice versa. This comes after the SEC’s issuance of new rules that will support the implementation of the ASEAN Collective...
Concern over the surge in COVID cases will be foremost in the minds of stock market investors this week, although the government is also set to release data on remittances and balance of payments. “While we may see some bargain hunting in the early part of this week following last Friday’s...
