Securities and Exchange Commission (SEC) Chairman Francis E. Lim expressed regret over his claim that the local stock market lost ₱1.7 trillion in market capitalization due to the corruption scandal, which turned out to be fictitious. “The information, which had been circulating within business...
Securities and Exchange Commission (SEC) Chairman Francis E. Lim pointed to corruption as “a weapon of mass wealth destruction” as investigations into anomalous flood control projects have eroded investors ' confidence to the extent ₱1.7 trillion in market capitalization has been wiped...
The Anti-Money Laundering Council (AMLC), in support of the Independent Commission Against Corruption (ICAC), has frozen more than ₱4 billion in assets linked to fraudulent flood control projects as the government intensifies its crackdown on corruption. The move follows the AMLC’s issuance of...
The Securities and Exchange Commission (SEC) is seeking to encourage more industries to list their assets as real estate investment trusts (REITs) by expanding the list of income-generating assets that can qualify as REIT assets. In an interview, SEC Chairman Francis Ed. Lim said the SEC is clearly...
The Securities and Exchange Commission (SEC) has launched its Green Equity Guidelines, the first of its kind in Southeast Asia, as it continues to advance sustainable finance in the region. The commission, on Sept. 23, issued SEC Memorandum Circular No. 13, Series of 2025, outlining the Guidelines...
The Securities and Exchange Commission (SEC) is supporting proposals to amend existing bank secrecy laws as part of the government’s continuing fight against corruption. “As a corporate and capital market regulator, the SEC welcomes the proposed easing of our bank secrecy laws as a necessary...
The Securities and Exchange Commission (SEC) is giving companies more flexibility in offering securities, particularly in the timing of issuances, as market conditions can be volatile. In line with this, the commission said it has expanded the validity of shelf registration offerings and simplified...
The Securities and Exchange Commission (SEC) has issued new guidelines clarifying which securities offerings are exempt from registration, aiming to streamline the process for companies raising capital. In a statement, the SEC said it wants to provide clearer guidance to potential capital market...
Shareholders of Liberty Flour Mills Inc. have requested that the Securities and Exchange Commission intervene and investigate alleged irregularities involving the company, as well as the ₱804.7 million in uncollected receivables from its distributor, Parity Values Inc. (PVI). Through their...
The Securities and Exchange Commission is making it easier for overseas investors to establish their presence in the Philippines by allowing corporations with foreign equity to incorporate or register their businesses in just one day. In a bid to further streamline the registration process, the SEC...
The Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) are working together to encourage even small companies to go public, as large, family-owned conglomerates are no longer too keen to list their shares as part of estate-planning because inheritance tax has recently...
The Department of Justice (DOJ) has indicted Abra Mining & Industrial Corp. (AR), its directors, officers, transfer agent, and certain stockholders for the unauthorized and fraudulent trading of shares from 2015 to 2019. Acting upon the complaint filed by the Securities and Exchange Commission...
