The Securities and Exchange Commission (SEC) has approved the planned public offering by Century Properties Group Inc. (CPGI) of P6 billion worth of fixed-rate bonds under shelf registration. In its meeting on Jan. 25, the Commission En Banc resolved to render effective the registration statement...
The Securities and Exchange Commission (SEC) has tapped institutional partners to expand the reach of its financial literacy campaign that aims to encourage Filipinos to place their money in safe and secure investments. In its report to Finance Secretary Carlos G. Dominguez III, the SEC said its...
The Securities and Exchange Commission (SEC) has ordered Goodpocket and Easymoney Lending Corporation to stop operating as lending firms because they do not have the necessary licenses from the Commission. In an order issued January 18, the Commission En Banc directed Goodpocket and Easymoney to...
The Securities and Exchange Commission (SEC) has approved five corporations that will acquire the bad loans and non-performing assets (NPAs) of financial institutions affected by the pandemic-induced crisis, the Department of Finance (DOF) said. In a statement, the DOF said that five Financial...
The Securities and Exchange Commission (SEC) has declared final and executory the revocation of the Certificate of Authority (CA) of Fynamics Lending Inc. to operate as a lending company. In a statement, the SEC said this comes after Fynamics’ repeated failure to comply with reportorial...
The Securities and Exchange Commission (SEC) announced that it is implementing a zero face-to-face transaction policy in its offices in Metro Manila starting Jan. 13 until further notice. In a statement, the commission said this is in light of the rising number of COVID-19 cases in the country....
The Securities and Exchange Commission (SEC) has granted the country’s first permanent license to operate as a crowdfunding platform to Investree Philippines Inc. 57909 The Commission En Banc approved Investree Philippines’ application for a permanent license to operate as a funding portal and...
The capitalization of the Real Estate Investment Trusts (REITs) in the Philippines zoomed in less than two-years, placing the country in the middle of the pack among major economies in the South and East Asian regions. In a report to Finance Secretary Carlos G. Dominguez III, the Securities and...
The government and the private sector continued to take advantage of digital technologies to make it easier and more convenient for small investors and businesses to participate in the capital markets. During a recent Capital Market Development Council (CMDC) meeting, the Bureau of the Treasury,...
The Securities and Exchange Commission (SEC) is coming out with rules governing the disqualification of directors, trustees, and officers of corporations, as part of its efforts to promote good corporate governance. The Commission has released for public comment the draft Memorandum Circular on the...
The Securities and Exchange Commission (SEC) has approved the planned public offerings by AREIT, Inc. and Cityland, Inc. In its meeting on Dec. 9, the Commission En Banc resolved to render effective the registration statements of AREIT for a P15 billion debt securities program and of Cityland for...
The Securities and Exchange Commission (SEC) has won another legal battle against on illegal lending with a regional trial court having convicted the incorporators and directors of X-CEE789 Lending and Trading, Inc. for submitting falsified documents for its registration. In a decision dated June...
