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SEC to work with Go on capital market reforms
The Securities and Exchange Commission has vowed to work closely with Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go to push reforms that would deepen the capital market......»»
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......»»
PSE looks forward to capital market reforms with Recto
The Philippine Stock Exchange said it is looking forward to working with newly appointed Finance Secretary Ralph Recto in introducing reforms that would further deepen the capital market......»»
Stocks move in step with Asia-wide rally
Local stocks recovered yesterday, moving in step with Asian peers, ahead of US inflation data that could influence the Federal Reserve’s thinking on rate cuts, while the crypto world got a boost after exchange-traded funds to track Bitcoin were approved in the United States......»»
How to Trade the Forex Market: A Comprehensive Overview
Trading the forex market involves buying and selling currencies with the intention of making a profit from the changes in the exchange rate, hence why.....»»
Metro Global given 6 months to avoid involuntary delisting
The PSE gave notice to Metro Global Holdingsthat it has six months to increase its public float above 10% to comply with the PSE’s Minimum Public Ownership (MPO) rule or be “automatically delisted” from the stock exchange......»»
No one to hug on Valentine’s Day? Try hugging trees!
CEBU CITY, Philippines – As Valentine’s Day graces our calendars with its presence, a different kind of love story unfolds—one that blossoms not in the exchange of roses and chocolates, but in the silent rustle of leaves and the sturdy arms of ancient trees. Amid the whirlwind of romantic air, the Department of Environment and.....»»
SEC warns public vs 2 firms
The Securities and Exchange Commission has warned the public against dealing with Robinson Company and America Mall-PH due to their unauthorized solicitation of investments without the necessary license from the commission......»»
PSEi surges with strong foreign buying ahead of Lunar New Year break
MANILA, Philippines —The Philippine Stock Exchange Index (PSEi) rose on Thursday due to strong foreign buying ahead of the long weekend. By the end of trading, the PSEi went up by 0.29 percent (20.12 points) to reach 6,850.16, while the broader All Shares index rose by 0.21 percent (7.45 points) to 3,574.21. There will be.....»»
Except for Vice President, Dutertes skip President Marcos events
Despite a testy exchange about drug use with former president Rodrigo Duterte, President Marcos said he has a lot of fond memories and made lifetime friends in Davao City......»»
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......»»
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......»»
8 more firms flagged for Ponzi-like schemes
For operating like Ponzi schemes, eight more entities were flagged yesterday by the Securities and Exchange Commission , as the state regulatory body advised the public against dealing with them, especially giving in to their solicitations for investments......»»
EDITORIAL - Doctors doing business
A public health advocate first sounded the alarm recently, saying several doctors were prescribing medicines from a pharmaceutical company in exchange for expensive gifts including luxury vehicles......»»
‘BSP ready to mitigate excessive peso volatility’
Monetary authorities are ready to mitigate any “unnecessary movement” and “excessive volatility” in the foreign exchange market as the peso sank to fresh 17-month lows against the dollar, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr......»»
Doctors accepting gifts from drug firms may lose license – DOH
MANILA, Philippines — Doctors who have been proven to accept gifts from pharmaceutical companies in exchange for prescribing certain products may face suspension or revocation of their licenses, an official from the Department of Health (DOH) said on Tuesday. According to DOH Assistant Secretary Albert Domingo, the DOH is investigating allegations of the scheme and.....»»
From the Newsrooms: April 7 to 20, 2024
"IT'S COMPLICATED." The two words were all President Ferdinand Marcos Jr. had to say about his relationship with the Duterte family. The president and his predecessor however were ready to exchange barbs about various issues, but most prominently, about the "gentleman's agreement" between Rodrigo Duterte and Xi Jinping on the West Philippine Sea (WPS). News picked up every sign of the deepening rift that has cracked Te.....»»
Chinese nabbed for P3 million bribe try in Taguig gun raid
A Chinese man was arrested for allegedly offering P3 million to police officers in exchange for releasing him and another Chinese earlier arrested during a raid on a townhouse in Taguig on April 14......»»
Understanding ‘chismis’ and why people do it
CEBU CITY, Philippines— Gossips. Here in the Philippines, it is considered one of our favorite pastimes. According to a study by the Psychological and Cognitive Sciences, gossip is simply an exchange of personal information. If you go around the streets of Cebu, you will find yourself looking at a group of people standing along.....»»
3 suspected militants killed in southern Philippine clash
MANILA, April 15 (Xinhua) -- Philippine troops have killed three alleged members of Dawlah Islamiya (DI), an Islamic militant group, during a clash in the southern Philippines, the military said Monday. The military said a soldier was wounded in the 20-minute fighting that broke out on Saturday in a town in Lanao del Norte province. "The enemies were forced to withdraw and escape amid the exchange of gunf.....»»