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SEC-Davao advises timely submission of requirements for amnesty payments

The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

Maynilad to sell P15-B of Blue Bonds to fund capex projects ahead of IPO

Maynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

Signal shutdown mulled at Dinagyang festival

Signal shutdown mulled at Dinagyang festival.....»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

No Signal Shutdown for Sinulog Festivities, says Mayor Mike Rama

There will be no signal shutdown in all of the events leading to the feast of the Santo Nino de Cebu and at the Sinulog Festival on January 21, officials said. On the other hand, at least 3,500 personnel from the Philippine National Police, Armed Forces of the Philippines, Philippine Coast Guard, and the Bureau of […].....»»

Category: newsSource:  metrocebuRelated NewsJan 11th, 2024

Treasury raises P60 billion from T-bonds in February

The government raised P60 billion in long-term securities this month, short of target, as the Bureau of the Treasury focused on the retail treasury bonds......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

Filinvest cleared to sell P10 billion fixed bonds

Gotianun-led Filinvest Development Corp. received yesterday its permit to sell up to P10 billion in fixed bonds consisting of a base offer of P7 billion and an oversubscription option of P3 billion......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

BDO to raise P5 billion via sustainability bonds

BDO Unibank Inc. is raising at least P5 billion as it returned to the domestic debt market via the issuance of peso-denominated fixed-rate sustainability bonds......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

SEC orders Infinity8 to halt operations

The Securities and Exchange Commission has flagged another entity for soliciting investments from the public without the necessary permits.In a Jan. 16 order, the SEC en banc directed Infinity8Networks Digital Services OPC to immediately cease and desist from further engaging in the unlawful solicitation, offer, and/or sale of securities in the form of investment contracts without the necessary license from the SEC......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2024

SEC eases IPO cornerstone investor rules in 2nd draft of proposed rule

The SEC’s proposed second draft of its new set of rules on IPO cornerstone investors contains a few adjustments to ease the burden of the new rules on both issuers and cornerstone investors......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2024

Abra Mining investors turning up the heat on SEC and PSE to resolve unlisted shares issue

Shareholders of Abra Mining, together with stockbroker Victor Dominquez, are seeking a Congressional inquiry into “the alleged failure of the SEC and PSE to formalize charges against the executives of Abra Mining...” for their role AR’s sale of shares which were unlisted and unregistered during the “basura” (garbage) stock frenzy that heated up in late 2020 and overboiled in early 2021......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

PBCom eyes P2 billion from new bond issue

The Philippine Bank of Communications is looking to raise at least P2 billion, with an option to oversubscribe, from the first tranche of its new peso bond program......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Bill pushing P100 daily wage hike gets Senate nod on 2nd reading

MANILA, Philippines — The Senate on Wednesday approved on second reading a bill pushing for a P100-daily minimum wage hike for private sector workers.  Senate Bill No. 2534 under Committee Report No. 190 was unanimously approved during Wednesday’s plenary session. Senate President Juan Miguel Zubiri said that once the wage hike bill gets the final.....»»

Category: newsSource:  inquirerRelated NewsFeb 15th, 2024

Government eyes P30 billion from 30th RTB issue

The government is borrowing at least P30 billion from small creditors as the Marcos administration sets its third offering of retail Treasury bonds (RTBs) to expand state coffers and finance various projects......»»

Category: newsSource:  philstarRelated NewsFeb 7th, 2024

Third retail bond issue eyed in Q1

The government will borrow from small creditors in the first quarter as the Marcos administration sets its third offering of retail Treasury bonds in a bid to boost state coffers and finance various projects......»»

Category: newsSource:  philstarRelated NewsJan 19th, 2024

China urges ROK to stay prudent on South China Sea issue: Chinese FM

BEIJING, March 28 (Xinhua) -- China urges the Republic of Korea (ROK) to stay prudent when it comes to the South China Sea issue, Chinese foreign ministry spokesperson Lin Jian said on Thursday. Lin made the remarks at a regular press briefing when responding to a media query about ROK Foreign Ministry Spokesperson's biased and unfactual comments on the South China Sea issue over the past few days. "China.....»»

Category: newsSource:  manilanewsRelated NewsMar 28th, 2024

SEC raises penalties for late, non-filing of reports

SEC raises penalties for late, non-filing of reports.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

SEC raises penalties for late, non-filing of reports

SEC raises penalties for late, non-filing of reports.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

SEC formally asks NTC to block Binance

In a letter to the NTC, SEC Chairperson Emilio Aquino says Binance 'poses a threat to the security of the funds of investing Filipinos'.....»»

Category: newsSource:  rapplerRelated NewsMar 25th, 2024

SEC wants SMEs to embrace sustainability

The Securities and Exchange Commission (SEC) wants to instill sustainability into the business practices of not only big companies but also the small and medium enterprises......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

OceanaGold PH IPO approved by SEC

OceanaGold received SEC approval for its proposed P7.88 billion IPO......»»

Category: financeSource:  philstarRelated NewsMar 13th, 2024