The Securities and Exchange Commission is still pursuing the development of the crowdfunding sector despite recent setbacks experienced by the first companies that entered the local market. Crowdfunding is a fundraising activity typically conducted by startups and small and medium enterprises...
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...
The Securities and Exchange Commission (SEC) has launched the third wave of its digital initiatives consisting of five new services that will make company registration more efficient and promote data sharing for enhanced tax administration. The Commission on July 17,...
By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) is steering corporations and members of both the public and private sectors towards a more sustainable capital market and business sector as it envisions a greener, low-carbon, and sustainable economy. The Commission launched on...
The Securities and Exchange Commission (SEC) is integrating all its digital services under one platform to enhance the security of online transactions as part of its continued shift to automated processes. On July 10, the Commission issued SEC Memorandum Circular No. 10, Series of 2024, providing...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Empire 999 Realty Corporation which owns the warehouse in Pampanga where billions worth of illegal drugs were found. “For engaging in unauthorized activities, in violation of Section 6(i)(2) of Presidential...
The Securities and Exchange Commission (SEC) reported that it has secured the conviction of five officers of lending company All-in 7,000 Lending and Trading Corp. for falsifying documents required for their SEC registration. In a decision dated June 25, Branch 47 of the Metropolitan Trial Court of...
The Securities and Exchange has issued a warning to the public that Safe District Enterprise is not authorized to solicit investments from the public. In an advisory, the SEC said its warning is prompted by reports and information it gathered that individuals representing an entity named Safe...
The Securities and Exchange Commission (SEC) has insisted that the Maria Francesca Tan (MFT) Group of Companies, Inc. and Foundry Ventures I, Inc. should have secured the necessary government licenses first before soliciting investments from the public, the Department of Justice (DOJ) said on...
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...
The Securities and Exchange Commission (SEC) reported that the Philippines has made significant progress and is moving closer to exiting the Financial Action Task Force (FATF) gray list. During the FATF plenary meeting held in Singapore from June 23 to 28, the global money laundering and terrorist...
