We are sorry, the requested page does not exist
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......»»
Cryptocurrency Market Turns Red as Bitcoin, Ethereum, Solana Prices Dip Before Halving
The cryptocurrency market kicked off Friday on a bearish note, as major digital assets Bitcoin, Ethereum, and Solana experienced significant declines in morning trading. Bitcoin,.....»»
Bitcoin hits new all-time high
The leading cryptocurrency surged above the $72,000 mark on Monday Bitcoin, the world's highest-valued cryptocurrency, hit a new record on Monday as it surged above $72,000. The token soared to a fresh all-time high of $72,030, breaking the record set in November 2021 and bringing gains for the year so far to n.....»»
Wegotmail: PMPI flags potential manipulation of PI in Constitutional Amendment
Wegotmail: PMPI flags potential manipulation of PI in Constitutional Amendment.....»»
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......»»
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......»»
Over $1 billion investment to Philippines from US, says Raimondo
MANILA, The Philippines: During an official visit to Manila, U.S. Commerce Secretary Gina Raimondo has said that U.S. companies have announced investments totaling more than US$1 billion in the Philippines.In a first of its kind for the Philippines, Raimondo headed a two-day trade and investment mission that included executives from 22 companies, such as United Airlines, Alphabet's Google, Visa, KKR Asia Pacific.....»»
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......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
[ANALYSIS] A soft and range-bound stock market that has not lost its luster
Whatever your investment intentions are, stick to companies within the investment areas that both have short-term and long-term potential.....»»
Invest and own a piece of paradise with Jpark Island Resort Condotel
Jpark Island Resort & Waterpark. Mactan Cebu announces a grand investment opportunity with the launch of Jpark Island Resort & Waterpark. Mactan Cebu Condotel on April 24, 2024. The resort’s condotel investment opportunity consists of 355 units with guaranteed annual returns and a buy-back deal after 10 years. with an exit plan. The investment allows.....»»
Davao gets investment pledges worth P3B
DAVAO CITY (MindaNews / 06 March) – The Davao City Investment Promotions Center (DCIPC) has recorded investment pledges worth P3 billion from different potential investors for this year, an official said. Christian D. Cambaya, head of DCIPC’s Investor Assistance & Servicing Unit, said during “Wednesdays Media Forum at Habi at Kape” that Davao is off […].....»»
308 mln USD stolen in investment, romance scams in 2023 in Japan
TOKYO, March 7 (Xinhua) -- The amount of money stolen in investment scams perpetrated via social media and in online romance scams in Japan totaled 45.52 billion yen (about 308 million U.S. dollars) in 2023, police data showed on Thursday. In 2023, damages from investment frauds using Facebook, Instagram and other social media means amounted to 27.79 billion yen in 2,271 cases reported to police, while damages f.....»»
Foreign investment pledges more than double
Foreign investment pledges approved by investment promotion agencies surged by more than 127 percent to P394.45 billion in the fourth quarter of 2023 from P173.61 billion a year ago amid the country’s strong economic performance, according to the Philippine Statistics Authority......»»
BARMM’s investment hubs get governance citations
Members of the Bangsamoro business sector were elated with the special awards for efficiency bestowed upon the local governments in the region's two new investment hubs on Thursday, recognizing the accomplishments as key factors that can enhance the investment potentials of both areas......»»
Maharlika ready to make first investment in 90-120 days
Maharlika Investment Fund CEO, Rafael Consing, said that the MIF would likely make its first investment “in the next 90 to 120 days”......»»
Data centers: Philippine’s new investment magnet
When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»
Data centers: Phl’s new investment magnet
When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»
SEC raises penalties for late, non-filing of reports
SEC raises penalties for late, non-filing of reports.....»»
SEC raises penalties for late, non-filing of reports
SEC raises penalties for late, non-filing of reports.....»»