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...
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),...
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...
Finance Secretary Benjamin E. Diokno commended the Securities and Exchange Commission (SEC) for its efforts in ensuring the security of the people’s money and investments. In his keynote speech for SEC’s 87th anniversary, Diokno said that the Commission has enforced investigations against...
The Securities and Exchange Commission (SEC) reported the successful start of its nationwide roadshow that seeks to bring the capital market closer and more accessible to micro, small and medium enterprises (MSMEs). In a statement, the Commission said more than a hundred officials and executives of...
The Securities and Exchange Commission (SEC) is going on a nationwide roadshow to highlight easy and accessible funding options for micro, small and medium enterprises (MSMEs) in the capital market this week. The Commission said it will kick off the SEC Roadshow on Capital Market Formation for...
The Securities and Exchange Commission has agreed to reduce the penalty it imposed against Bank of the Philippine Islands to P30 million from the original P134.62 million. In a disclosure to the Philippine Stock Exchange, BPI said it has received a letter from the SEC informing the bank that the...
Bank of the Philippine Islands said it will “abide by the final decision of the Securities and Exchange Commission” which imposed penalties amounting to P134.62 million in relation to the bank’s executive stock option plan. In a disclosure to the Philippine Stock Exchange, BPI said the SEC...
The Securities and Exchange Commission (SEC) continues its campaign against illegal lending by making sure that unregistered lending platforms are no longer available for download online. The SEC said in a statement that, as of Jan. 30, 2023, it has caused the removal of 33 online lending platforms...
