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MRC Allied moving into ICT industry with P75-M investment in Bitstar Prime

MRC Allied confirmed that its initial investment into Bitstar Prime Holdings will be P75 million......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

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

Al-ag proposes to repeal ordinance requiring delivery riders biz permits

Davao City Councilor Bernie Al-ag has proposed the repeal of an ordinance that requires delivery riders to obtain business permits. The ordinance in question, City Ordinance 0612-21 series of 2021, classified delivery riders as independent service contractors, mandating them to apply for business permits. However, a joint memorandum circular issued by various government agencies exempts individuals providing personal services, including delivery riders, from securing business permits. Al-ag emphasized that the city government must adhere to the guidelines set forth in the memorandum. While the proposed repeal is pending, Al-ag advised delivery riders to comply with the existing ordinance. He expressed confidence in the passage of the repeal, citing the solid basis provided by the joint memorandum. Despite a group of delivery riders seeking an audience with Davao City Mayor Sebastian Duterte on the matter, Al-ag's proposal was drafted in response to a separate petition. He clarified that the repeal is not about monetary collection but aligning with national law, which exempts delivery riders from obtaining business permits. Al-ag remains optimistic about the repeal's approval, pointing to the support provided by the joint memorandum as a strong foundation for his proposal......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

Comelec Registration, tuloy ngayong Pebrero 12

Nakatakdang ipagpatuloy ng Commission on Election (COMELEC) ang voter’s registration sa buong bansa. Ayon sa pamunuan ng Comelec, bukas ito sa magiging botante para sa midterm national and local elections. Kabilang dito ang mga residente na mag-eedad dise otso sa May 2025 elections. Magsisimula ang Voter’s Registration para sa 2025 NLE sa Pebrero 12, 2024 […] The post Comelec Registration, tuloy ngayong Pebrero 12 appeared first on Bicol Peryodiko......»»

Category: newsSource:  bicolperyodikoRelated NewsJan 30th, 2024

SEC makes registration easier for power companies that are forced to IPO by law

The SEC issued a notice that simplifies the registration process for power generation companies and distribution utilities that are forced to IPO at least 15% of their shares under the EPIRA law......»»

Category: financeSource:  philstarRelated NewsFeb 26th, 2024

Common mistakes on adoption petitions

Whenever a couple wants to petition an adopted child from the Philippines, several requirements must be met before they may file that petition. If the petition is filed too early or before they comply with all the requirements, the petition will likely be denied......»»

Category: newsSource:  philstarRelated NewsFeb 3rd, 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

Satellite Voter Registration

Personnel from the Commission on Elections XI check the documents of incoming voters at a satellite registration site at Vista Mall, Barangay Sto. Niño, Davao City. Voter registration began in February and is scheduled to end on September 30, 2024. MindaNews photo by YAS D. OCAMPO.....»»

Category: newsSource:  mindanewsRelated NewsMar 10th, 2024

Comelec registration hits 1 million new voters in less than a month

The Commission on Elections (Comelec) said there are more than a million registration applicants, barely a month after the registration period started on Feb. 12. Comelec Chair George Erwin Garcia said on Saturday as of March 6, a total of 1,027,572 applications were processed nationwide in Comelec offices, satellite centers and “Register Anywhere Program” (RAP).....»»

Category: newsSource:  inquirerRelated NewsMar 10th, 2024

SEC revokes registration of One 1Key Progress Booster

The Securities and Exchange Commission has ordered for the revocation of the registration of One 1Key Progress Booster Inc. following its unauthorized solicitation activities......»»

Category: entertainmentSource:  philstarRelated NewsApr 6th, 2024

SEC revokes registration of One 1Key Progress Booster

The Securities and Exchange Commission has ordered for the revocation of the registration of One 1Key Progress Booster Inc. following its unauthorized solicitation activities......»»

Category: entertainmentSource:  philstarRelated NewsApr 6th, 2024

SEC revokes registration of Cryptoasset

The Securities and Exchange Commission has punished a firm with a fine and revocation of its registration for undertaking fraudulent investment-taking activities......»»

Category: financeSource:  philstarRelated NewsFeb 4th, 2024

A Brown Company has 2nd tranche of preferred shares sale approved by SEC

A Brown Company notified the exchange that the SEC approved its plan to sell a second tranche of preferred shares under its shelf registration......»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

LMG Corp starts trading today with new par value

Shares of LMG Corp will be halted for the first hour of trading to allow traders to evaluate the change in the par value of the company’s common stock from P1.00/share to P0.10/share......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

BuCor to layoff 275 workers as grace period for requirements lapses

Over 275 personnel of the Bureau of Corrections are set to be laid off after the bureau announced it will now be enforcing a years-long deferred program upgrading the educational requirements of its workers......»»

Category: newsSource:  philstarRelated NewsMar 12th, 2024

Malacañang helps fast-track anti-doping requirements as PH faces int’l sports ban

The Philippines continues to race against time as the World Anti-Doping Agency threatens a blanket ban on all international events due to the country's non-compliance of its requirements.....»»

Category: newsSource:  rapplerRelated NewsFeb 21st, 2024

Comply with sanitation requirements, CHO reminds establishment owners

Comply with sanitation requirements, CHO reminds establishment owners.....»»

Category: newsSource:  sunstarRelated NewsJan 20th, 2024

San Miguel board approves P20-B bond issuance

San Miguel disclosed that its board of directors has approved a P20 billion issuance of fixed-rate Peso-denominated bonds......»»

Category: financeSource:  philstarRelated NewsApr 15th, 2024

DOJ orders probe into alleged issuance of work visas to fake companies

Justice Secretary Jesus Crispin Remulla on Tuesday said that he asked the Bureau of Immigration to investigate its legal department following its issuance of work visas to alleged "fake" corporations and sole proprietorships......»»

Category: newsSource:  philstarRelated NewsJan 16th, 2024