The Securities and Exchange Commission’s (SEC) move to relax the rule on the single business group (SBG) investment limit will benefit conglomerates with multiple listed subsidiaries, such as the SM and Ayala groups, as well as the planned initial public offering (IPO) of GCash.Under the...
Senator Raffy Tulfo called out the Securities and Exchange Commission (SEC) for the several lapses he observed in terms of regulating financial and lending companies' operation of their respective online lending applications (OLAs).Sen. Raffy Tulfo presides over the Subcommittee on Banks, Financial...
The Securities and Exchange Commission (SEC) is not abandoning the 20-percent minimum public ownership of rule for initial public offerings (IPOs), although it has approved the plan of the Philippine Stock Exchange (PSE) to relax its implementation of this requirement to make it easier for large...
The Securities and Exchange Commission (SEC) has approved Megawide Construction Corporation’s planned public offering of up to ₱5.95 billion worth of preferred shares.In its meeting on Feb. 25, the Commission En Banc resolved to render effective Megawide’s registration statement covering a...
The Department of Education (DepEd) announced on Wednesday, Oct. 9, that it has partnered with the Securities and Exchange Commission (SEC) to enhance financial literacy in educational institutions.DepEd Secretary Sonny Angara {left) and SEC Chairperson Emilio Aquino (Photo from DepEd) DepEd...
Yesterday, I had the privilege of participating in Sustainability Week at the Securities and Exchange Commission (SEC) main office in Makati City, where I shared my experiences in environmental conservation. Initially, I was surprised by the invitation, as financial institutions had not previously...
The Bureau of Internal Revenue (BIR) partnered with the Securities and Exchange Commission (SEC) to create an interagency data-sharing system to expedite the verification of registered businesses in the country.BIR Commissioner Romeo D. Lumagui Jr. and SEC Chairperson Emilio B. Aquino signed a...
Ayala-led ACEN Corporation has inked a contract with subsidiary ENEX Energy Corporation (ENEX) for the agreed shares subscription covering 177,544,011 non-voting preferred shares of the latter to be issued at a par value of P1.00 per share.According to ACEN, the shares will be issued from ENEX’s...
Maynilad Water Services, Inc., the water provider of most cities in Metro Manila, has been granted by the Securities and Exchange Commission (SEC) a permit to sell its P15 billion blue bond offering.This comes after the Philippine Rating Services Corporation granted Maynilad’s blue bonds a PRS Aaa...
Leading oil industry player Petron Corporation is seeking extension from the Securities and Exchange Commission (SEC) for the shelf registration of its P50 billion worth of programmed peso fixed-rate bonds issuance.The company stated that in its disclosure to the Philippine Stock Exchange (PSE), but...
The Securities and Exchange Commission (SEC) has approved the second tranche of the ASEAN fixed rate green bonds issuance of Lopez-led Energy Development Corporation (EDC) which is targeting to raise P6.0 billion with an oversubscription allotment of P4.0 billion.EDC President and COO Jerome H....
Following a request from the Securities and Exchange Commission (SEC), the National Telecommunications Commission (NTC) ordered internet providers to block access to Binance's website — the world's largest cryptocurrency exchange.(NTC / Manila Bulletin) In a statement issued on March 25,...
