The Securities and Exchange Commission reported that the officers of delisted company Calata Corporation have been sentenced to pay fines totaling P8 million for making misleading and exaggerated statements. The commission said these statements were about the firm’s supposed Mactan Leisure City...
The Securities and Exchange Commission (SEC) has approved the shelf registration of SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, for up to P100 billion of fixed-rate bonds and an initial offering worth up to P25 billion. In its meeting on May 23, the...
The Securities and Exchange Commission (SEC) has lodged criminal complaints against four groups soliciting investments from the public without the necessary registration and licenses. In a statement, the SEC said has lodged separate complaints before the Department of Justice against Bear Mountain...
The Securities and Exchange Commission (SEC) has approved the planned P15 billion offering of blue bonds by Maynilad Water Services, Inc. In its meeting on May 16, the Commission En Banc resolved to render effective the registration statement of Maynilad covering up to P12 billion of fixed-rate,...
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....
The Securities and Exchange Commission (SEC) announced that it has filed a criminal complaint against Abra Mining & Industrial Corporation (AR), its directors, officers, transfer agent and certain stockholders for the unauthorized and fraudulent trading of shares. In a complaint-affidavit filed...
NEW YORK — U.S. stocks climbed Thursday to trim the majority of their losses for the week. The S&P 500 rose 45.81 points, or 0.9%, to 5,064.20 a day after swinging sharply when the Federal Reserve said it's likely delaying cuts to interest rates but not planning to hike them. It more...
The Securities and Exchange Commission (SEC) has received its sixth and seventh Global Good Governance (3G) Awards from Cambridge International Finance Advisory. The Commission received the 3G Best Corporate Governance Policy & Disclosure Award and the 3G Transparency Award 2024 during the 9th...
The Securities and Exchange Commission (SEC) is urging companies to be more diligent in complying with their reportorial requirements instead of complaining about the huge increase in fines and penalties recently imposed by the commission after a lengthy amnesty period. SEC Chairperson Emilio B....
TOKYO — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week. Sydney's S&P/ASX 200 added 0.6% in early trading to 7,621.40. South Korea's Kospi surged...
NEW YORK — The best week for U.S. stocks since November closed out with more gains thanks to Alphabet and Microsoft on Friday. The S&P 500 rallied 1% to finish its first winning week in the last four. The Dow Jones Industrial Average rose 153 points, or 0.4%, and the Nasdaq...
The Securities and Exchange Commission (SEC) announced that it is opening more payment channels through a partnership with online payment platform Payment Innovation, Inc., (PayCools PH). In a statement, the Commission said it has signed a memorandum of agreement last April 24 with PayCools PH...
