The Securities and Exchange Commission (SEC) has slapped a ₱1.03 million fine on Inclusive Credit Lending, Inc. for imposing excessive interest rates of up to 262.67 percent and engaging in unfair debt collection practices, including threats and public shaming. In an order dated July 21, the SEC...
To improve the quality, completeness, and timeliness of national economic data, the Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC), and the Philippine Statistics Authority (PSA) have entered into a data-sharing agreement. Spearheaded by Finance Secretary Frederick...
Lopez Holdings Corporation and subsidiary First Philippine Holdings Corporation have again moved back the dates for their respective annual stockholders’ meetings amid the ongoing dispute between a majority of the Lopez family and their cousin Federico “Piki” Lopez. According to Lopez...
The Securities and Exchange Commission (SEC) has slapped a ₱1.1 million fine on Fast Coin Lending Corporation for engaging in unfair debt collection practices and imposing interest rates beyond legal limits. In an order, the SEC Financing and Lending Companies Department (FLCD) found Fast Coin...
The Securities and Exchange Commission (SEC) is proposing an overhaul of its regulations governing credit rating agencies to bolster the integrity of the local debt market and attract broader investor participation. In a draft memorandum circular released for public comment, the regulatory body...
The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against EF Easy Franchise Technological Ventures Inc., which counts popular show host Rene “RJ” Ledesma as a co-founder, to stop its illegal solicitation of investments from the public for so-called franchise...
The Securities and Exchange Commission (SEC) found a surge in quality management deficiencies among the nation’s largest accounting firms in its latest multiyear inspection cycle, even as individual corporate audits showed signs of improvement. The regulator’s 2026 SEC Oversight Assurance...
The Philippine Stock Exchange (PSE) is pushing back against the securities regulator’s decision to open the door to cryptocurrency trading, warning that the move risks siphoning individual investors away from traditional equities and undermining capital market development. The critique follows...
Underwriters managing the planned ₱92.3 billion initial public offering (IPO) of Mynt Inc., the operator of the mobile wallet GCash, are in discussions with regulators to reduce or eliminate a mandatory 20 percent share allocation for local trading participants. The push to modify the rule comes...
The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against Bridge Cash, directing it to stop engaging in unauthorized lending activities. In its order, the SEC Enforcement and Investor Protection Department (EIPD) ordered Bridge Cash to immediately stop...
The Securities and Exchange Commission (SEC) warned the public against dealing with Empire X Capital and Astra Financial Service Group because they are not authorized to solicit investments. The commission said it received reports that individuals or groups are enticing the public through social...
The Securities and Exchange Commission (SEC) is planning a major overhaul of the country’s corporate bond market, aiming to slash red tape for companies seeking long-term funding while preserving protections for investors. The regulator released a draft memorandum circular on June 23 that...
