The Securities and Exchange Commission (SEC) is planning a major overhaul of the country’s corporate bond market, aiming to slash red tape for companies seeking long-term funding while preserving protections for investors. The regulator released a draft memorandum circular on June 23 that...
The Securities and Exchange Commission (SEC) has shut down Delisha Lending Investor and Trading Corp. for noncompliance with various regulatory requirements and failure to disclose the operation of several online lending platforms (OLPs). In a statement on Tuesday, June 23, the SEC said it had...
The Securities and Exchange Commission (SEC) is drafting a regulatory framework for market making in listed securities as part of its ongoing efforts to revitalize the capital market and align local market practices with international standards. In a statement on Monday, June 22, the SEC said the...
The Securities and Exchange Commission (SEC) extended a program offering discounted filing fees for micro, small, and medium enterprises (MSMEs) until the end of the year, part of a state-backed push to deepen the domestic capital market. The corporate regulator prolonged the 50 percent discount on...
The Securities and Exchange Commission (SEC) announced that the International Criminal Police Organization (Interpol) has issued a Red Notice against Maria Francesca Tan in an effort to bring her before Philippine courts for her alleged role in a large-scale fraudulent investment scheme. Published...
The long-awaited initial public offering (IPO) of the company behind the popular e-wallet GCash—expected to be the country’s largest-ever listing by raising more than $1 billion—is finally underway as the company formally takes its first step toward going public. Mynt Inc., backed by Globe...
ABS-CBN Corp. vowed to defend itself against allegations of financial mismanagement and “creative bookkeeping” lodged by its board member, pushing back against the regulatory probe that threatens to deepen the media company’s long-running financial distress. In a statement, the Lopez-led...
Global One Hotel Group, Inc., the management arm of Megaworld Hotels and Resorts, has secured approval from the Securities and Exchange Commission (SEC) for the rental pool program of its condotels. The SEC said the rental pool program was processed under the streamlined guidelines on Securing and...
The Securities and Exchange Commission (SEC) is speeding up the public offering process by moving the submission of applications fully online and further reducing the processing period to 40 days to encourage more firms to tap the capital market. The SEC has published the draft memorandum circular...
The Securities and Exchange Commission (SEC) has formed an ad hoc committee to investigate allegations traded between rival factions of the Lopez family, a dispute that threatens to engulf two of the Philippines’ most high-profile companies, First Gen Corp. and ABS-CBN Corp. ABS-CBN disclosed to...
BlockShoals Technologies, Inc. is currently conducting due diligence on its selected Virtual Asset Service Provider (VASP) for integrations required by its participation in the Securities and Exchange Commission’s Strategic Sandbox (StratBox) to test its cryptocurrency platform. BlockShoals...
The Securities and Exchange Commission (SEC) clarified that BlockShoals Technologies Inc. is not yet allowed to commercially operate and offer cryptocurrency products and services to the public, as it is still undergoing a 90-day testing period. The participation of BlockShoals in the SEC Strategic...
