The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of VistaREIT, Inc. of up to P9.18 billion and of Raslag Corporation worth up to P700 million. The Commission En Banc has resolved to render effective the registration statements of VistaREIT and...
The Securities and Exchange Commission (SEC) now has the power to speed up the resolution of numerous pending cases pertaining to companies with foreign ownership after the amendment of three laws. These amended laws are the Foreign Investments Act (FIA), the Public Service Act (PSA), and the...
The Securities and Exchange Commission (SEC) has ordered three online firms to stop their unauthorized lending activities and their use of abusive collection practices. In an order issued April 26, the Commission En Banc directed Golden Cash, Help Cash, and Grace Cash to immediately cease and...
The Securities and Exchange Commission has convinced technology giant Google to adopt a more stringent approval process for online lending apps in the Philippines as part of the agency’s efforts to tackle illegal and abusive lending practices. In a statement, the SEC said that, effective May 11,...
The Securities and Exchange Commission (SEC) has revoked the corporate registrations of ScentkoWorld Corporation and Brendahl Cruz Holdings, Inc. for illegally soliciting investments from the public through a “buy and earn” program. The SEC Enforcement and Investor Protection Department (EIPD)...
Securities and Exchange Commission (SEC) Associate Commissioner Commissioner Javey Paul D. Francisco has been reappointed and is expected to continue to steer the agency’s initiatives toward improving the ease of doing business in the country. First appointed as SEC commissioner in 2018,...
Philex Mining Corporation is postponing its planned P3.15 billion stock public offering “given the current market volatility to help ensure its success.” In a disclosure to the Philippine Stock Exchange, the firm said it had agreed with issue manager and lead underwriter for the offer BDO...
The Securities and Exchange Commission (SEC) was able to maintain the ISO 9001:2015 Certification of its quality management system covering all core services across its main and extension offices. “Once again, the SEC has demonstrated its global competitiveness as the premier investor champion...
The Securities and Exchange Commission (SEC) has issued cease and desist orders (CDOs) against six online lending operators for conducting lending activities without the necessary license from the Commission. The Commission En Banc directed PesoKwento, Pondo Cash, TBAG, Cash Sky, Loan Cash, and...
Senator Sherwin "Win" Gatchalian has urged the Securities and Exchange Commission (SEC) to expedite the creation of a new office to deal with regulation and monitoring of financing and lending firms. Gatchalian on Friday also called for the crackdown on abusive and illegal lenders. His call came...
The Securities and Exchange Commission (SEC) has revoked the license of Cashtrees Lending Corporation for launching and operating unregistered online lending platforms (OLPs) despite a moratorium imposed by the Commission. In an order, the SEC Corporate Governance and Finance Department (CGFD)...
The Securities and Exchange Commission (SEC) has approved the P20-billion shelf registration of fixed rate bonds of Converge Information and Communications Technology Solutions, Inc. The Commission En Banc resolved to render effective the registration statement of Converge covering up to P20...
