SEC enhancing digital initiatives in bid to boost regulatory compliance
The Securities and Exchange Commission is further streamlining requirements and processes for regulatory compliance as it strives to chart the Philippine corporate sector’s path toward a digital-first world......»»
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......»»
SEC moves to help Philippines exit from FATF gray list
The Securities and Exchange Commission (SEC) plans to further raise the compliance rate among corporations for reporting beneficial ownership, a move that will support the country’s bid to exit the global ‘dirty money’ gray list this year......»»
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......»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
ULAP Leads Insightful Webinar on Enhancing Marine Resources and Maritime Spaces in the Philippines
The Union of Local Authorities of the Philippines (ULAP), in partnership with The Asia Foundation and Waypoints, successfully hosted a timely webinar entitled “Advancing the Interest of an Archipelagic Nation: The Role of Local Government in Enhancing the Country’s Marine Resources and Maritime Spaces” last January 22. The webinar featured distinguished panelists shedding light on […].....»»
BIR ramps up tax compliance drive
The Bureau of Internal Revenue has initiated a nationwide tax compliance drive to boost awareness and encourage taxpayers to pay their obligations......»»
DTI, DOLE partner to boost digital skills
The Department of Trade and Industry and Department of Labor and Employment are pursuing initiatives to enhance the digital skills of the country’s workforce......»»
Traders list 12 initiatives to boost economy in 2024
Political stability, a globally competitive education and predictability of contracts are among the 12 initiatives that the country should undertake to strengthen the Philippine economy this year, according to an alliance of Filipino-Chinese entrepreneurs......»»
Japan: Yokohama aims for tourism boost, sustainability with Smart City initiatives
Tokyo [Japan], February 8 (ANI): Nestled in the heart of Japan, Yokohama stands as a coveted tourist destination, captivating visitors with its allure. With a vision for sustainable growth, the city now aims to enhance its charm and appeal by embracing smart initiatives, fostering a more sustainable and intelligent urban experience. To realise this vision, Yokohama City organised the Y-Ship global event in December last y.....»»
Japan: Yokohama aims for tourism boost, sustainability with Smart City initiatives
Tokyo [Japan], February 8 (ANI): Nestled in the heart of Japan, Yokohama stands as a coveted tourist destination, captivating visitors with its allure. With a vision for sustainable growth, the city now aims to enhance its charm and appeal by embracing smart initiatives, fostering a more sustainable and intelligent urban experience. To realise this vision, Yokohama City organised the Y-Ship global event in December last y.....»»
SEC Statement on the Hack of Our X Account and the Subsequent False Bitcoin ETF Approval Announcement
Title: SEC Collaborates with Law Enforcement to Combat Threats Promptly In a bid to ensure investor protection and maintain market integrity, the U.S. Securities and.....»»
SEC to share data with more government agencies
The Securities and Exchange Commission (SEC) is teaming up with more government agencies to boost efforts to combat money laundering and terrorism financing......»»
Nikon acquires Red Digital Cinema, enters professional video market
Nikon Acquires Red Digital Cinema to Enter Professional Digital Cinema Camera Market In a strategic move to expand into the professional digital cinema camera market,.....»»
Minister attending Australian data, digital meeting
Minister for Digitising Government Judith Collins is in Sydney to attend the first Data and Digital Ministers' Meeting of 2024. "This is a great opportunity to connect with our Australian counterparts and identify how we can work together on digital transformation," Ms Collins says. "Both our nations are looking into how advancements like AI and digital iden.....»»
BIR to boost digital efforts to hit P3T target
BIR to boost digital efforts to hit P3T target.....»»
Taxing pixels: Taking a byte out of the digital pie
Despite the promise of convenience and growing popularity of electronic commerce (e-commerce), the widespread use of digital trade platforms has proven to be a challenging endeavor for the government especially in shaping regulatory policies......»»
Russia blocks renewal of UN panel monitoring North Korea sanction compliance
At the United Nations, a recent vote on renewing a panel of experts monitoring North Korea’s compliance with international sanctions has caused tension among member.....»»
Training on COA compliance for government institutions
To guide government institutions on their compliance with the Commission on Audit Circular 2020-006, the Center for Global Best Practices will be launching a two-session online training titled “COA Guidelines and Procedures for One-Time Cleansing of Property, Plant and Equipment Account Balances” on April 18 and 19, 2024 from 1:30 to 4:45 p.m. via Zoom......»»
Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»