GMA Network Inc. is taking the Securities and Exchange Commission (SEC) to court to block the new regulation that forces long-serving independent directors to vacate their seats. In a petition for certiorari filed Thursday, March 26, with the Regional Trial Court of Makati, GMA sought to nullify...
Starting this year, the Securities and Exchange Commission (SEC) will be more stringent in ensuring that large corporations and publicly listed firms raise the bar in sustainability reporting to support market credibility. “This is why the SEC issued Memorandum Circular (MC) No. 16 in 2025. By...
The Securities and Exchange Commission (SEC) is ready to face Philippine Stock Exchange (PSE) broker-directors in court if they pursue a legal challenge against the commission’s proposed imposition of term limits for brokers sitting on the board of an exchange. “We ’ re not afraid to go to...
The Securities and Exchange Commission (SEC) has revoked the registration and operating license of Gul-Zara Lending Investor Corp. after the firm failed to meet mandatory reporting requirements and defied moratorium on new digital lending platforms. The corporate regulator’s Financing and Lending...
The Securities and Exchange Commission (SEC) is seeking formal counter-proposal from stockbrokers as tensions escalate over the plan to impose term limits on directors at the Philippine Stock Exchange (PSE). SEC Chairman Francis Lim said that while he remains open to feedback from the Philippine...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Dual Fuel Petroleum Corp. after finding the company illegally solicited investments from the public through a scheme that regulators likened to a Ponzi operation. In an order, the corporate regulator also imposed...
San Miguel Global Power Holdings Corp. won approval from the Securities and Exchange (SEC) Commission to raise as much as ₱30 billion through a bond offering to refinance its debt and bankroll the expansion of its renewable energy portfolio. The regulator’s en banc commissioners rendered the...
The Securities and Exchange Commission (SEC) has penalized lending firm Nittan Capital Finance Inc. (NCFI) for failing to completely disclose to borrowers its charges, interest rates, amortization, and other fees prior to the signing of a loan agreement. In an order dated Feb. 13, the SEC’s...
The Securities and Exchange Commission (SEC) has cleared a plan by PNB Holdings Corp., the real estate arm of Philippine National Bank, to list its shares on the local bourse by way of introduction, paving the way for the lender to unlock value from its prime property portfolio. The Commission En...
The Securities and Exchange Commission (SEC) has released draft guidelines to lift its nearly five-year moratorium on online lending platforms, signaling a shift toward digital expansion while tightening oversight of the nation 's burgeoning fintech sector. The proposed circular, released for...
The Securities and Exchange Commission (SEC) has relaxed its rules for firms holding annual stockholders’ meetings (ASMs) earlier than prescribed by requiring only a notification instead of prior approval from the commission. The SEC said this applies to publicly listed companies (PLCs) and other...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of MCM Royalty Legacy International Inc. and fined its leadership for the unauthorized solicitation of investments from the public, according to an order from the regulator. The SEC’s Enforcement and Investor...
