Business NEWS

The Securities and Exchange Commission (SEC) has revoked Super Cash Lending Corporation’s certificate of authority (CA) to operate as a lending company for its unfair debt collection practices.

The Securities and Exchange Commission (SEC) has approved the public offerings of securities by Philippine Stock Index Fund Corp. (PSIF) and Cityland, Inc. worth a total of P50.8 billion.

Despite government efforts to shut them down, there are now even more investment scams sprouting to victimize the unwitting public seeking to find more active ways to grow their hard-earned cash other than park these funds in the bank.

The Securities and Exchange Commission (SEC) is preparing new rules to beef up cybersecurity in publicly listed companies (PLCs), exchanges and other capital market participants amid the surge in digital transactions in the country.

The board of directors of Aboitiz Power Corporation has approved the company’s P30 billion peso-denominated fixed rate retail bonds to be issued in tranches.

The board of directors of Phoenix Petroleum Philippines Inc. has approved the settlement of the P3.0 billion commercial papers that the firm issued on December 5 last year.

A Quezon City regional trial court has fined three persons a total of P2 million after being sued by the Securities and Exchange Commission (SEC) for illegally soliciting investments from the public. 

The Securities and Exchange Commission (SEC) announced that it has approved the securitization of P319.32 million worth of National Home Mortgage Finance Corporation’s (NHMFC) residential loan portfolio.

Ayala-led AC Energy Philippines Inc. (ACEN) has secured the approval and confirmation of the Securities and Exchange Commission (SEC) on its stock rights offering (SRO) which is targeted next year.

Filipino businessmen can soon pay cashless for their Securities and Exchange Commission (SEC) registration, business licenses, fines, penalties, seminars and trainings, via the commission’s  Paymaya-powered online portal.

The Capital Market Development Council (CMDC) is exploring the possibility of creating a Child Trust Fund (CTF) that would provide long-term savings or investment accounts to qualified low-income families to support their children’s tertiary education.

The Securities and Exchange Commission (SEC) has approved the planned public offerings of Filinvest Land, Inc., Megawide Construction Corporation, and Cityland Development Corporation. 

The Securities and Exchange Commission (SEC) wants the Bangko Sentral to also put a limit on charges for consumer and payday loans offered by lending and financing companies.

The Securities and Exchange Commission (SEC) has stopped FCash Global Lending, Inc. from operating as a lending company due to its unfair debt collection practices.