The Securities and Exchange Commission (SEC) reported that it has received another recognition from the United Nations Conference on Trade and Development (UNCTAD) for promoting sustainability and sustainable development goals (SDG) reporting in the Philippines. The SEC received the ISAR Honours...
The Securities and Exchange Commission (SEC) has approved the planned P1.89 billion initial public offering (IPO) of Alternergy Holdings Corporation. The Commission En Banc has resolved to render effective the registration statement of Alternergy Holdings covering 4.32 billion common shares,...
The Philippines is moving towards implementing full mandatory disclosure of ESG compliance by all businesses in the country, but emphasized the need to find balance amid social concerns being a developing country. This was emphasized by Trade and Industry Secretary Alfredo E. Pascual at the EU...
SEC: Do not invest in Lodi Coins By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) is advising the public against investing in Lodi Coins, a supposed virtual currency being offered on social media without the necessary licenses from regulators. In an advisory, the Commission flagged...
Unity Premier Business Group OPC has been ordered by the Securities and Exchange Commission (SEC) to stop illegally soliciting investments from the public through its supposed beauty product business. In a statement, the SEC said the Commission En Banc directed the company, which also operates...
The Securities and Exchange Commission (SEC) has revoked the registration of Katuwang Poultry Chicken Egg Producing Co. as a partnership, for illegally soliciting investments from the public online. In an order, the SEC Enforcement and Investor Protection Department (EIPD) found that Katuwang...
The Securities and Exchange Commission (SEC) has made permanent its order stopping AlphanetWorld Corporation, which has been doing business under the name NWorld, from soliciting investments from the public without the necessary license. In a resolution, the Commission En Banc denied for lack of...
The Securities and Exchange Commission (SEC) has approved the P30 billion debt securities program of Robinsons Land Corporation, which looks to raise as much P15 billion from the initial tranche. The Commission En Banc resolved to render effective the registration statement of Robinsons Land...
The Securities and Exchange Commission (SEC) has cancelled the lending license and corporate registration of Flying Bear Lending Corporation which is operating as Yopeso, Morepeso and Rapidpeso. In a statement, the commission said the cancellation is due to the firm’s failure to disclose its...
The ASEAN Audit Regulators Group (AARG) has reaffirmed its commitment to raising the bar for audit quality amid the challenges faced by the region today. This commitment was renewed as the AARG convened in a virtual plenary meeting hosted by the Securities and Exchange Commission (SEC) Philippines...
The Securities and Exchange Commission (SEC) secured another win with the conviction of seven investment scammers behind One Dream Marketing Inc. for the illegal offer of securities and engaging in fraudulent transactions. In a statement, the SEC said the Regional Trial Court in Batangas sentenced...
The Securities and Exchange Commission (SEC) has approved the planned P3.3 billion stock rights offering (SRO) of Solar Philippine Nueva Ecija Corporation (SPNEC), by confirming that the transaction is exempt from registration requirements. In a disclosure to the Philippine Stock Exchange, SPNEC...
