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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......»»
SC junks petition challenging legality of POGOs
The Supreme Court has junked a petition challenging the legality of the rules on Philippine offshore gaming operators or POGOs for violating the doctrine of hierarchy of courts and failing to meet the requirements for judicial review......»»
SPPC submits best offer for Meralco supply requirements
The Manila Electric Co. has secured the best bid from San Miguel’s South Premiere Power Corp. for its 1,200-megawatt (MW) supply requirement......»»
DepEd: Distance learning for public schools on Monday
In an advisory on Sunday, DepEd said the implementation of asynchronous classes will “allow learners to complete pending assignments, projects and other requirements.”.....»»
Global Dominion, RCBC Capital extend financing to the unbanked and underbanked
Both organizations aim to service the financial needs of people and organizations unable to tap the banks for their funding requirements and leave a positive impact on society through financing......»»
Sarangani Writers League welcomes 11 new members, all women
ALABEL, Sarangani (MindaNews / 24 March) – The Sarangani Writers League (SWL) recently welcomed its new members, all of them women, for helping develop the literary community in the province of Sarangani. The new members successfully navigated the application process, fulfilled all requirements, and surpassed the evaluation criteria: Catherine R. Discorson, Mariele M. Gallego, and Eva […].....»»
275 BuCor personnel face job loss
At least 275 personnel of the Bureau of Corrections are set to lose their jobs for failing to complete the required eligibility and education requirements under the law, despite extensions......»»
Meralco secures 400-MW supply requirement from SMC’s Limay Power
Manila Electric Co. yesterday secured 400 megawatts (MW) for its interim supply requirements following a competitive selection process......»»
Over 100,000 firms suspended
Over 100,000 corporations have been suspended by the Securities and Exchange Commission for non-filing of reportorial requirements......»»
DBM approves P455-million funding to aid rice farmers
The DBM said that the fund was released to the Department of Agriculture (DA) and three other Government-Owned and Controlled Corporations to cover the fund’s operating requirements for the first quarter of 2024......»»
Marcos OKs 10-year roadmap to improve maritime industry
The 10-year Maritime Industry Development Plan 2028, outlined in Executive Order 55, which Marcos signed on February 8, aims to create a “strong and reliable” Philippine Merchant Fleet that will meet the country’s sea transport requirements and goals for national development......»»
[OPINION] Moving beyond blaming teachers: The call for regulatory deregulation
'Is the Department of Education, instead of receiving well-prepared teachers, consistently faced with the challenge of re-training a continuous influx of ill-prepared teachers to meet basic requirements?'.....»»
SEC enhancing digital initiatives in bid to boost regulatory compliance
The Securities and Exchange Commission is further streamlining requirements and processes for regulatory compliance as it strives to chart the Philippine corporate sector’s path toward a digital-first world......»»
NewJeans prepares for comeback with Japanese debut, teases world tour
K-pop girl group NewJeans is gearing up for a number of comeback projects this year, including a Japanese debut eyed to kick off a world tour......»»
Regional growth centers eyed for pharma ecozones
Ecozone developers are looking at the provinces of Bulacan, Laguna, Tarlac and Cebu as areas for establishing pharmaceutical economic zones in the country, according to the Philippine Economic Zone Authority......»»
Comelec eyes malls as voting centers for 2025 polls
Malls – among other “public places” – are being eyed as voting centers for next year’s midterm elections, to avoid overcrowding at polling precincts and provide convenience to voters, Commission on Elections Chairman George Garcia said yesterday......»»
Proposed relocation site for Maco landslide victims yet to be fully assessed – MGB
DAVAO CITY (MindaNews / 19 February) – A two-hectare land near the Immaculate Conception Quasi-Parish in Barangay Elizalde, Maco in Davao de Oro that is being eyed as a temporary shelter for landslide victims from the town’s barangays Masara and Mainit has yet to be fully assessed by geologists from the Mines and Geosciences Bureau […].....»»
Lifetime ban for game-fixing
Heftier fines, longer jail times and perpetual bans in leagues are being eyed for unscrupulous persons who will engage in game-fixing......»»
Laguna de Bay revival eyed to boost fish production
The Department of Agriculture is pushing for the revival of Laguna de Bay as a major source of fish for Metro Manila residents and those in nearby provinces......»»
Global Dominion, RCBC Capital extend financing to the unbanked and underbanked
Both organizations aim to service the financial needs of people and organizations unable to tap the banks for their funding requirements and leave a positive impact on society through financing......»»