The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
The Securities and Exchange Commission (SEC) reported that the principals of Kapa Community Ministry International Inc. (KAPA), touted as the largest investment scam in Philippine history, have been sentenced to suffer the penalty of life imprisonment. They have been convicted for syndicated estafa...
The Department of Finance (DOF) said micro, small, and medium enterprises (MSMEs) have now more options to raise funds due to the Securities and Exchange Commission's (SEC) intensified initiatives to facilitate accessible funding for small businesses. In a statement, Finance Secretary Benjamin E....
Maya, the leading digital bank app in the Philippines, has launched Maya Stocks, the first retail investing service in the Philippines integrated in a digital bank app. In a statement, Maya said the app offers real-time transactions and instant earnings growth through its diverse wealth-building...
The Securities and Exchange Commission (SEC) has launched a new platform for small businesses and startups to explore and learn more about their financing options in the capital market. At the same time, the SEC has capped its nationwide roadshow pitching the capital market as an accessible funding...
The Securities and Exchange Commission (SEC) urges non-compliant and suspended or revoked corporations to start 2024 with a clean slate by availing of the amnesty before the year ends. The commission said in a statement that corporations now have less than three weeks to avail of the SEC amnesty...
The Securities and Exchange Commission (SEC) conditionally approved the planned P708-million direct public offering of Angeles Electric Corporation, allowing the Nepomuceno family to dilute it full ownership to 82.4 percent stake. In its meeting on Dec. 7, the Commission En Banc resolved to...
The Securities and Exchange Commission (SEC) continues to gain recognition for the digitalization of its services, this time bagging the Excellence in Digital Transformation Award conferred by mobile payments service GCash. The third installment of the GCash Digital Excellence Awards seeks to...
The Securities and Exchange Commission (SEC) has been recognized by the Anti-Red Tape Authority (ARTA) for its efforts in improving the ease of doing business in the country. In a statement, the Commission said it was among the government agencies recognized by ARTA during the 2023 Ease of Doing...
The Securities and Exchange Commission (SEC) has introduced its framework for the issuance of blue bonds in front of the business community and the investing public. Blue bonds refer to a subset of green bonds and sukuk which proceeds will exclusively be used to finance or refinance new and/or...
SEC warns vs. 4 unregistered investment platforms By James A. Loyola The Securities and Exchange Commission (SEC) has advised the public against dealing with four entities due to their unauthorized solicitation of investments without the necessary license from the Commission. These firms are OctaFX...
Renewable energy firm Energy Development Corporation (EDC), a subsidiary of Lopez-led First Gen Corporation, is scheduling the second tranche of its ASEAN green bond offering with target proceeds of P10 billion that will continually bankroll the company’s projects. In a disclosure to the...
