The Securities and Exchange Commission (SEC) has ordered Royal O’ Consultancy Services OPC, Royal O’ International Import and Export OPC, and their affiliate companies to stop soliciting investments from the public. In a statement, the SEC said these firms solicit investments under a scheme...
The Securities and Exchange Commission announced that qualified investment companies from the Philippines may now offer their shares to Malaysia, Singapore, and Thailand, and vice versa. This comes after the SEC’s issuance of new rules that will support the implementation of the ASEAN Collective...
The Securities and Exchange Commission (SEC) assured the investing public and corporate sector that the Philippine capital market will remain open during the enhanced community quarantine (ECQ). In a notice issues on August 5, the SEC reiterated that capital market institutions and participants may...
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of real estate investment trusts (REIT) sponsored by Robinsons Land Corporation (RLC) and Megaworld Corporation with a combined value of P54 billion. The Commission En Banc resolved to render...
The Securities and Exchange Commission (SEC) has launched the PhiliFintech Innovation Office (PIO) to pave the way for more innovations in the fintech industry to further promote financial inclusion while also protecting investors and other financial consumers. The PIO is under the SEC’s...
Since it’s maiden public offering 30 years ago, the market capitalization of real estate giant Ayala Land Inc. has ballooned to over P500 billion from P42 billion, making ALI among the largest companies in the Philippine Stock Exchange Index. The Philippine Stock Exchange, Inc. (PSE) and ALI have...
The Securities and Exchange Commission (SEC) has conditionally approved the planned P44.07 billion initial public offering (IPO) of Del Monte Philippines, Inc. (DMPI). The Commission En Banc resolved to render effective the registration statement of DMPI covering 2.8 billion common shares to be...
The Keepers Holdings, Inc., the liquor importation and distribution firm of Lucio Co and formerly Da Vinci Capital Holdings, Inc., is planning to raise up to P7.5 billion through a follow-on offering. According to the Securities and Exchange Commission, the firm has filed its registration statement...
Sta. Lucia Land Inc. is planning to raise up to P9.87 billion from a planned follow-on offering (FOO) to fund its capital expenditures and pay for existing debt. In a registration filed with the Securities and Exchange Commission, Sta. Lucia said it is planning a public offering of up to 2.5...
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Familyhan Credit Corporation so it can no longer operate as a lending company. This comes after the firm was found to have engaged in unfair debt collection practices and failed to disclose the true cost...
The Securities and Exchange Commission (SEC) has approved the planned P14.92 billion initial public offering (IPO) of the real estate investment trust (REIT) sponsored by Filinvest Land, Inc. (FLI). The Commission En Banc resolved to render effective the registration statement of Cyberzone...
The Securities and Exchange Commission (SEC) threatens to revoke the licenses of lending and financing companies that have yet to register and disclose their online lending platforms (OLP). The Commission issued the stern warning in a notice as it continues to cleanse the roster of lending and...
