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...
The Securities and Exchange Commission (SEC) is streamlining the securities borrowing and lending framework by centralizing administrative functions with the Philippine Stock Exchange (PSE), reinforcing efforts to build a more efficient and integrated short-selling market in the country. The...
ILOILO CITY – The Western Visayas Anti-Money Laundering and Counter-Terrorism Task Force is investigating a foreigner allegedly behind 46 fake corporations registered in Iloilo and other parts of the country. “We have an ongoing investigation into a foreigner who faked his nationality to form...
The Securities and Exchange Commission (SEC) announced that one of its directors was arrested for extortion by the National Bureau of Investigation (NBI) in an entrapment operation. The commission said the NBI and SEC coordinated in the arrest of the unnamed SEC director for allegedly extorting...
Reforms in public procurement, infrastructure oversight, and accountability must be fully carried out to ensure that the billion-peso flood-control corruption scandal does not happen again and those responsible are made to answer, according to four governance and business groups. In a joint...
The Securities and Exchange Commission (SEC) is warning the public against dealing with and engaging scammers offering to facilitate unauthorized online loan and banking transactions through online messaging platforms and social media, as well as fraudsters posing as bank or government employees....
DigiPlus Interactive Corp., the country’s premier digital entertainment provider, is on track to meet the stricter financial reporting guidelines imposed by the Securities and Exchange Commission (SEC). The firm announced the publication of its 2025 Integrated Report, establishing a comprehensive...
Local fintech firm BlockShoals Technologies Inc. has been allowed by the Securities and Exchange Commission (SEC) to operate as a crypto asset intermediary (CAI), giving Filipinos access to the products and services of Binance, the world’s largest crypto exchange. Under the partnership,...
The interagency Financial Stability Coordination Council (FSCC) has flagged rising risks to the Philippine financial system stemming from the prolonged war in the Middle East, increasing corporate vulnerabilities, and growing household debt, although officials said the country’s banking sector...
