The Securities and Exchange Commission (SEC) has busted the operations of Silverlion Livestock Trading Corp. in Zamboanga City as it continues the crackdown against unauthorized investment schemes. In a joint operation, the combined forces of the SEC Zamboanga Extension Office (ZEO) and the...
The Securities and Exchange Commission (SEC) is warning the public against investing in Frutas Comida Zamboanga, which has been offering guaranteed returns of 20 percent per month on social media. In an advisory, the SEC flagged the investment solicitation activities of Frutas Comida, as the group...
The Securities and Exchange Commission (SEC) has approved the bond offerings of San Miguel Corporation (SMC) and Aboitiz Equity Ventures, Inc. (AEV) that will raise up to P90 billion for the two firms. The Commission En Banc resolved to render effective the registration statement of SMC for up to...
The Securities and Exchange Commission (SEC) reported that it has received another recognition from the United Nations Conference on Trade and Development (UNCTAD) for promoting sustainability and sustainable development goals (SDG) reporting in the Philippines. The SEC received the ISAR Honours...
The Securities and Exchange Commission (SEC) has approved the planned P1.89 billion initial public offering (IPO) of Alternergy Holdings Corporation. The Commission En Banc has resolved to render effective the registration statement of Alternergy Holdings covering 4.32 billion common shares,...
The Securities and Exchange Commission (SEC) has made permanent its order stopping AlphanetWorld Corporation, which has been doing business under the name NWorld, from soliciting investments from the public without the necessary license. In a resolution, the Commission En Banc denied for lack of...
The Securities and Exchange Commission (SEC) has approved the P30 billion debt securities program of Robinsons Land Corporation, which looks to raise as much P15 billion from the initial tranche. The Commission En Banc resolved to render effective the registration statement of Robinsons Land...
The Securities and Exchange Commission (SEC) has cancelled the lending license and corporate registration of Flying Bear Lending Corporation which is operating as Yopeso, Morepeso and Rapidpeso. In a statement, the commission said the cancellation is due to the firm’s failure to disclose its...
The ASEAN Audit Regulators Group (AARG) has reaffirmed its commitment to raising the bar for audit quality amid the challenges faced by the region today. This commitment was renewed as the AARG convened in a virtual plenary meeting hosted by the Securities and Exchange Commission (SEC) Philippines...
The Department of Information and Communications Technology (DICT) intends to deploy digital connectivity faster under the Marcos' administration's Build, Better More Program, DICT Secretary Ivan John Uy said. Uy made this commitment during a press briefing Wednesday, July 27 at the Manila Hotel...
The Securities and Exchange Commission (SEC) secured another win with the conviction of seven investment scammers behind One Dream Marketing Inc. for the illegal offer of securities and engaging in fraudulent transactions. In a statement, the SEC said the Regional Trial Court in Batangas sentenced...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Wellcons Unlimited Systems, Inc. for illegally solicit investments from the public through a “double-your-money” scheme that resembles a Ponzi scam. In its order, the SEC Enforcement and Investor Protection...
