The Securities and Exchange Commission has advised the public against dealing with Fortune Wave Solution Hub OPC, Fortune Wave Trading, and Fortune Wave Trading PH, as these firms are not authorized or licensed to solicit investments. The group has been found by the SEC to be offering schemes...
Tycoon Lucio Co’s The Keepers Holdings Inc. (Keepers), the largest imported liquor distributor in the Philippines, is venturing into the production and export of premium local spirits through the acquisition of a 50-percent stake in the maker of Sula liqueur for ₱40 million. In a disclosure to...
The Securities and Exchange Commission (SEC) has issued a cease and desist order (CDO) against the Fortune Wave Group and the PU Prime Group (Pacific Union LLC, PU Prime Philippines, and PU Prime Support PH) for soliciting investments from the public without the necessary approvals from the SEC. In...
The Independent Electricity Market Operator of the Philippines (IEMOP) has assured that the Wholesale Electricity Spot Market (WESM) will see stable prices even after the 2025 midterm elections. In a briefing on Tuesday, May 6, Isidro Cacho Jr., IEMOP head of trading operations stated that the...
The Philippine Stock Exchange (PSE) is scheduled to resume trading on Thursday, July 25, after its temporary suspension of trading on Wednesday due to Typhoon Carina and the southwest monsoon. The PSE released a statement early Thursday announcing that trading activities at the exchange will...
The Philippine financial markets ground to a halt Wednesday, July 24, as Malacañang suspended operations in government offices due to Typhoon Carina and the southwest monsoon. In the early morning of Wednesday, the Philippine Stock Exchange (PSE) announced a trading suspension, while the Bangko...
The Philippine Stock Exchange (PSE) announced Wednesday morning, July 24, that trading has been suspended amid continuous heavy rainfall caused by Typhoon Carina and the southwest monsoon. Malacañang has issued an order suspending government offices and classes at all levels across the National...
The Securities and Exchange Commission (SEC) has filed its second money laundering case against Silverlion Livestock Trading Corp. for its allegedly illegal solicitation of investments from the public. A joint complaint was filed last June 4 by the SEC and the Anti-Money Laundering Council (AMLC)...
The Securities and Exchange Commission (SEC) has filed a criminal complaint against Eton Phil Non-Specialized Wholesale Trading for its alleged unauthorized investment solicitation activities. The SEC identified the top company officials and agents of Eton Trading as respondents in the criminal...
The Commission on Audit (COA) has required the Department of Information and Communications Technology (DICT) to account for the more than P2.6 billion fund transfers (FTs) to the Philippine International Trading Corporation (PITC) for the procurements of goods and services which have "aged" for...
The Securities and Exchange Commission (SEC) and the Anti-Money Laundering Council (AMLC) have filed a money laundering complaint against Silverlion Livestock Trading Corporation which was found to be illegally soliciting investments from the public. Through Deputized AMLC Financial Investigators,...
More than 200 units of brand new pistols and heavy machine guns were recently acquired by the Philippine Coast Guard (PCG) to equip its personnel with enough firearms as part of its modernization efforts, it was revealed on Monday, May 29. *(Photo courtesy of PCG) * Adm. Artemio Abu, PCG...
