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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......»»
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......»»
Palompon mayor’s petition dismissed: Court upholds SW validity
ORMOC CITY, Leyte — The Regional Trial Court Branch 45 of Tacloban City dismissed the petition filed by Palompon Mayor Ramon Oñate seeking to invalidate the search warrant issued earlier by the court on the site where the DBSN Farms Agriventures Corp. is located, citing lack of merit. Oñate’s petition to suppress the evidence obtained.....»»
Trump wins Colorado ballot disqualification case at US Supreme Court
US Supreme Court justices unanimously reverse a decision by Colorado's top court to kick Trump off the state's Republican primary ballot.....»»
Statement of the IBP in support of the integrity and independence of the Supreme Court of the Philippines
The Integrated Bar of the Philippines stands squarely behind the Honorable Supreme Court, particularly the Court’s integrity and independence in the discharge of its functions......»»
SEC issues cease and desist order vs bogus Ayala Group
SEC issues cease and desist order vs bogus Ayala Group.....»»
SC asked to recall environmentalists’ protection order
The Supreme Court has been asked to recall the temporary protection order it granted to environmentalists Jonila Castro and Jhed Tamano, who claimed they were seized by the military in Bataan last year. The Office of the Solicitor General yesterday filed an urgent motion, saying a Bulacan court had issued arrest warrants against Castro and Tamano on charges of grave oral defamation......»»
Court order stalls Central Luzon power line works
The completion of a critical power transmission line in Central Luzon has been stalled following a temporary restraining order issued by the Supreme Court......»»
SC upholds decision granting Napoles bail in one PDAF case
Pork barrel scam mastermind Janet Lim-Napoles and former Masbate Rep. Rizalina Seachon-Lanete have been allowed to post bail after the Supreme Court dismissed a case related to the Priority Development Assistance Fund......»»
SC upholds Philippines-Japan economic pact
The Supreme Court has upheld the constitutionality of the Japan-Philippines Economic Partnership Agreement, a bilateral trade and investment deal entered into by the two countries during the Arroyo administration and ratified by the Senate in 2008......»»
SC upholds homicide raps vs 4 cops
The Supreme Court has upheld a resolution of the Office of the Ombudsman to charge only four of 21 police officers with homicide for the killing of Luis Bonifacio and his son Gabriel in a drug bust in 2016......»»
NOW Telecom loses Supreme Court case
NOW Telecom once sued the NTC over the fees it set in the bidding process, but the Supreme Court says the guidelines 'were proper' to ensure that companies were financially and technically capable.....»»
Supreme Court asked to invalidate BARMM governance code
Officials of the Bangsamoro government are bracing for a drawn-out legal battle as a consequence of the petition by constituent-local executives for the Supreme Court to declare null and void the newly-enacted regional governance code......»»
Who’s the ponente of this odd Supreme Court ruling?
The Supreme Court First Division issued in November a decision that defies logic. It took away from a developer a prime property in Taguig that the latter had bought and fully paid for way back 1995......»»
VP Sara ready to face ICC charges only before a Filipino court
Vice President Sara Duterte expressed her readiness to confront any allegations against her but insisted that she would only do so in front of a Filipino judge and within the jurisdiction of a Filipino court. In a statement on her Facebook page, she emphasized her refusal to participate in any process that could tarnish the reputation and integrity of the Philippine judiciary system. Duterte adamantly opposed the involvement of foreign entities in the country's legal affairs, citing it as a dishonor to the sacrifices made by Filipino heroes for the nation's freedom. Duterte, who previously served as vice mayor and mayor of Davao City, vehemently denied any involvement in the Davao Death Squad during her terms in office. She expressed dismay over the sudden appearance of a witness against her in the International Criminal Court (ICC) after assuming the vice presidency. Duterte dismissed the accusations and questioned the motives behind the allegations, asserting her capability to accomplish tasks without resorting to unlawful means. In a related development, President Ferdinand Marcos Jr. voiced his refusal to acknowledge the ICC's jurisdiction in the Philippines, considering it a threat to the country's sovereignty. He issued a directive for all government agencies to refrain from cooperating with the ICC, emphasizing the nation's non-recognition of the court's authority. Former senator Antonio Trillanes IV claimed that ICC investigators had gathered substantial evidence against former President Rodrigo Duterte regarding his administration's war on drugs. He anticipated an imminent issuance of an arrest warrant against the former president. Former President Rodrigo Duterte condemned the ICC's decision to initiate a preliminary investigation into the war on drugs, labeling it an insult to the Philippines and challenging the court's jurisdiction within the country. During his presidency, he initiated the withdrawal of the Philippines' membership from the Rome Statute, the treaty that established the ICC. The ICC appeals chamber recently granted a request to resume the investigation into alleged crimes against humanity related to the Philippines' controversial drug campaign, spanning from November 2011 to March 2019. The developments surrounding the ICC's probe into the Philippines' internal affairs have sparked a contentious debate, with key political figures and rights groups expressing divergent views on the matter. The ongoing tensions between the Philippines and the ICC underscore the complex intersection of international law, national sovereignty, and human rights issues......»»
SC junks petition vs PUVMP order due to procedural issues
The Supreme Court has rejected a petition from a coalition of jeepney operators and drivers challenging the constitutionality of a provision in the Department of Transportation Order for the Public Utility Vehicle Modernization Program......»»
SMNI journalists ask SC: Stop NTC order
Anchors and reporters of Sonshine Media Network International have asked the Supreme Court to stop the National Telecommunications Commission from enforcing its indefinite suspension order against the network......»»
Coin deposit machines log P577 million transactions
The value of transactions through the coin deposit machines deployed by the the Bangko Sentral ng Pilipinas is close to reaching the P600-million mark, as more and more Filipinos use the machines to deposit their idle coins......»»
BSP to review 3 percent rate cap on credit card transactions
The Bangko Sentral ng Pilipinas will review this month whether to keep or hike the three percent interest rate cap on credit card transactions......»»
Tax Notes: BIR clarifies treatment, conversion of foreign currency transactions
Tax Notes: BIR clarifies treatment, conversion of foreign currency transactions.....»»