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ASEAN to remain among fastest growing regions
The Association of Southeast Asian Nations is likely to continue to see strong growth this year and remain among the fastest growing regions in the decade ahead, S&P Global Market Intelligence said. .....»»
From the Newsrooms: March 3 to 9, 2024
THIS WEEK the news followed President Ferdinand Marcos Jr. as he traveled to Australia to attend the Association of Southeast Asian Nations (ASEAN) and Australia summit from March 4 to 6. The Australian government hosted this year's special summit in the city of Melbourne, to underscore among other issues roiling the region, maritime and security concerns in the South China Sea, an area which has been re-named by the P.....»»
From the Newsrooms: March 3 to 9, 2024
THIS WEEK the news followed President Ferdinand Marcos Jr. as he traveled to Australia to attend the Association of Southeast Asian Nations (ASEAN) and Australia summit from March 4 to 6. The Australian government hosted this year's special summit in the city of Melbourne, to underscore among other issues roiling the region, maritime and security concerns in the South China Sea, an area which has been re-named by the P.....»»
Myanmar junta enforces mandatory military service for young people
All men aged 18 to 35 and women aged 18 to 27 must serve for up to two years, while specialists like doctors aged up to 45 must serve for three years.....»»
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.....»»
SEC advises investors: Watch for red flags before investing
SEC advises investors: Watch for red flags before investing.....»»
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......»»
Training on ICC model for international sales contracts
The Center for Global Best Practices will host an in-person training on the International Chamber of Commerce model for international sales and contracts, its relevant rules, standards and practices, on April 23, from 9 a.m. to 5 p.m. at the EDSA Shangri-La Hotel, Mandaluyong City......»»
OceanaGold PH IPO approved by SEC
OceanaGold received SEC approval for its proposed P7.88 billion IPO......»»
SEC, NTC move to block OctaFX websites
The Securities and Exchange Commission (SEC) has secured the endorsement of the National Telecommunications Commission (NTC) for the blocking of the websites and apps of OctaFX......»»
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 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 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......»»
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......»»
Siaton officials yet to serve suspension
Siaton officials yet to serve suspension.....»»
Suspension nila ni Rama na-serve na; Garcia gipapuli
Suspension nila ni Rama na-serve na; Garcia gipapuli.....»»
Rama, Rosell wala diha pag-serve sa suspension
Rama, Rosell wala diha pag-serve sa suspension.....»»
Marcos tells Filipinos to serve others during Holy Week
President Ferdinand Marcos Jr.'s message to Filipinos during Holy Week encourages tham to "serve others.".....»»
SEC formally asks NTC to block Binance
In a letter to the NTC, SEC Chairperson Emilio Aquino says Binance 'poses a threat to the security of the funds of investing Filipinos'.....»»