Playing its part in the government’s anti-corruption drive, the Securities and Exchange Commission (SEC) has drafted rules mandating the disclosure of persons who, directly or indirectly, own a substantial stake or exercise control of a registered corporation or partnership. The SEC is now...
The Securities and Exchange Commission (SEC) has approved the planned offering by real estate giant Ayala Land Inc. (ALI) of Association of Southeast Asian Nations (ASEAN) sustainability-linked bonds to raise up to ₱15 billion for the payment of debt and funding of capital expenditures (capex)....
Securities and Exchange Commission (SEC) Chairman Francis E. Lim expressed regret over his claim that the local stock market lost ₱1.7 trillion in market capitalization due to the corruption scandal, which turned out to be fictitious. “The information, which had been circulating within business...
Securities and Exchange Commission (SEC) Chairman Francis E. Lim pointed to corruption as “a weapon of mass wealth destruction” as investigations into anomalous flood control projects have eroded investors ' confidence to the extent ₱1.7 trillion in market capitalization has been wiped...
The Anti-Money Laundering Council (AMLC), in support of the Independent Commission Against Corruption (ICAC), has frozen more than ₱4 billion in assets linked to fraudulent flood control projects as the government intensifies its crackdown on corruption. The move follows the AMLC’s issuance of...
The Securities and Exchange Commission (SEC) is warning the public against dealing with persons or groups involved in schemes that supposedly offer assistance to help scam victims recover their lost funds, but are actually designed to defraud them a second time. In an advisory, the SEC stated that...
The Securities and Exchange Commission (SEC) is seeking to encourage more industries to list their assets as real estate investment trusts (REITs) by expanding the list of income-generating assets that can qualify as REIT assets. In an interview, SEC Chairman Francis Ed. Lim said the SEC is clearly...
The Securities and Exchange Commission (SEC) has lifted the suspension of Jia Financing Inc.’s Certificate of Authority after admitting that it had failed to observe due process by not first notifying the firm of its violations. In moving for a partial reconsideration, Jia said the order issued...
Capital market stakeholders are seeking to tap the vast and growing mass affluent segment of young tech-savvy Filipino investors, as it presents a huge opportunity for wealth creation in the country. To enable this segment to help enlarge the country’s economic pie, a video library project was...
Maynilad Water Services Inc. has been granted the first Philippine Green Equity label by the Securities and Exchange Commission (SEC) based on the new guidelines the regulator issued to further promote sustainable finance. The grant makes Maynilad’s planned initial public offering (IPO) more...
The Securities and Exchange Commission (SEC) has approved the rental pool program of the Floirendo group’s Damosa Land Inc. for its condotel in the island garden city of Samal in Davao. According to the SEC, Damosa Land is the first securities issuer to successfully register under the...
The Securities and Exchange Commission (SEC) has launched its Green Equity Guidelines, the first of its kind in Southeast Asia, as it continues to advance sustainable finance in the region. The commission, on Sept. 23, issued SEC Memorandum Circular No. 13, Series of 2025, outlining the Guidelines...
