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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......»»
4 ex-tax mappers pay of Cebu City ‘signed’ but…
CEBU CITY, Philippines – The payrolls have been signed and salaries are now being processed, but it is still not enough. The payroll for four Cebu City regular government employees and former tax mappers has been signed and is now in the process of releasing their salaries, which have been pending for 10 months. However,.....»»
Yogi Ruiz: Salaries, incentives for City Hall employees must be paid on time
CEBU CITY, Philippines — Job order (JO) employees at the Cebu City Hall have not been paid their salaries from January to March 2024. They have not also received their share of the Charter Day incentive amounting to P5, 000 each. Councilors Noel Wenceslao and Nestro Archival have raised a concern on the delay in.....»»
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......»»
House panel OKs tax breaks for companies hiring senior citizens
Under the bill, companies hiring elderly workers can avail of a 25% tax reduction of the amount paid to salaries, wages and benefits and trainings for senior citizens. .....»»
Info on cornerstone investors now required
The Securities and Exchange Commission (SEC) has laid down rules governing cornerstone investors in initial public offerings, requiring issuers to disclose the necessary information on their prospective investors......»»
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......»»
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......»»
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......»»
SEC wants to lock-up cornerstone investors in IPOs to prevent rugpulls
The SEC released a draft memorandum for comment last week which looks to regulate how “cornerstone investors” may participate in IPOs going forward......»»
Listed firms going all-in on AI
Companies listed with the Philippine Stock Exchange are gearing up for a year where they expect the use of artificial intelligence to impact the health of their bottom line......»»
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.....»»
Top executives join US trade mission to Philippines
A delegation of high-level US company executives is in the country for a trade and investment mission taking place this week to check out business opportunities......»»
3 incumbent councilors to join Ruiz’s slate
LAPU-LAPU CITY, Cebu — Three incumbent Cebu City councilors have expressed their intention to join the slate of former Customs Commissioner Yogi Ruiz in the upcoming 2025 midterm elections. However, Ruiz refused to disclose their names, citing concerns that their pending projects may not be funded if they are identified. “Wala pa lang gyud sila.....»»
Rama takes leave, now in Singapore
CEBU CITY, Philippines — Cebu City Mayor Michael Rama is currently in Singapore, just more than a month since he returned from Australia last Dec. 16. The mayor disclosed this through Cebu City’s media arm, Sugboanon Channel’s ‘Ingna’ng Mayor’, on Thursday, Jan. 25. However, Rama did not disclose when he would come back to Cebu.....»»
Suspects in Lapu-Lapu City murder nabbed
LAPU-LAPU CITY, Cebu — The suspects in the murder of Lapu-Lapu City Public Market assistant administrator, Christopher ‘Chris’ Ceniza, have already been apprehended by the police. This confirmation comes from Police Lieutenant Colonel Christian Torres, the spokesperson of the Lapu-Lapu City Police Office. Torres, however, declined to disclose the identity of the suspects to avoid.....»»
Diablo 4 Game Pass Date Revealed: Xbox Business Update Highlights Four Multi-Platform Exclusives – The Daily Guardian
Title: Xbox Executives Discuss Future Vision and Exclusives in Podcast In a recent podcast interview, Xbox executives Phil Spencer, Sarah Bond, and Matt Booty delved.....»»
Prosperous Beginnings, NUSTAR Resort Welcomes the Year of the Wood Dragon
NUSTAR Resort Cebu welcomed the year of the Wood Dragon with cheers and held a Prosperity Parade around the resort that concluded with the symbolic Prosperity Toss with NUSTAR executives at The Atrium. The Prosperity Parade commenced at the lobby attended by NUSTAR Executives Alan Teo, Chief Operating Officer of Universal Hotels and Resorts Inc.,.....»»
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.....»»