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Yuchengco’s House of Investments gets SEC nod to buy Grepa Realty
The Securities and Exchange Commission has approved Yuchengco-led House of Investments’ move to acquire GPL Holdings Inc.’s shares in Grepa Realty Holdings Corp......»»
New payment mechanism for power ancillary services ready
The Department of Energy is soliciting stakeholders’ comments for its plan to adopt the so-called Causer Pays Mechanism......»»
Online predators may be using these emojis to befriend your children
Children's rights NGO Bahay Tuluyan says hundreds of thousands of online predators use emojis to groom children online.....»»
DavNor vice guv denies involvement in ayuda scam
The Vice Governor of Davao del Norte has denied any involvement in the alleged ayuda scam following claims made during a Senate hearing chaired by Senator Ronald Bato Dela Rosa. The hearing revealed that public officials in Davao de Oro and Davao del Norte were linked to illegally using cash assistance from the Department of Social Welfare and Development (DSWD) and funds from the Department of Labor and Employment (DOLE) for political campaigns. Vice Governor De Carlo Oyo Uy refuted the allegations, stating that there is no truth to the claims. In response, Governor Edwin Kuya Gov Jubahib emphasized that he was protecting the welfare of his constituents and the country's budget. He called for the punishment of those involved. The governor had previously requested an investigation into the ayuda scam after individuals in the provinces received less than the intended assistance. The vice governor announced plans for a separate investigation to clear his name and clarified that the DSWD is solely responsible for the identification, assessment, validation, and distribution of cash assistance to beneficiaries......»»
SEC launches online portal for corporate amendments
The Securities and Exchange Commission is making it easier for corporations to file amendments to their articles of incorporation or by-laws through a newly launched online portal......»»
Summit deals won’t affect China investments – Marcos
The expected influx of investments from the US and Japan that stemmed from the historic trilateral summit won’t affect China’s investments in the Philippines, President Marcos said yesterday......»»
Agri chief, MVP Group discuss investments in food security
Agriculture Secretary Francisco Tiu Laurel Jr. met with business tycoon Manuel V. Pangilinan, chairman of Metro Pacific Investments Corp., to discuss plans for significant investments in agriculture to support the government's food security goals......»»
LPA affects 394 families in Davao de Oro, Davao Oriental
DAVAO CITY (MindaNews / 31 January)— A total of 394 families or 1,411 individuals in the provinces of Davao de Oro and Davao Oriental have been affected by the trough of the low pressure area (LPA) which brings in rains in several parts of Mindanao, according to the Office of the Civil Defense (OCD)-Davao. Franz […].....»»
DSWD-Davao raises child feeding budget to P21
The Department of Social Welfare and Development-Davao Region (DSWD-Davao) has increased its budget for the Supplementary Feeding Program to P21 per child, up from the previous P15 allocation. Kyla Denise T. Pamat, a nutritionist dietician at DSWD-Davao, shared in a radio interview on Davao City Disaster Radio (DCDR) on January 26, 2024, that the enhancement is a result of a budget insertion in 2023. The 13th cycle targets 122,400 children in Davao Region, with five local government units (LGUs) already initiating the feeding program, while others are in the procurement process. The program focuses on children aged two to four in child development centers and supervised neighborhood places, providing hot meals (rice and viand) for 80 days and alternative meals (pancake, nutribun, and fruit salad) for 40 days during the 120 feeding days. Additionally, selected LGUs with a prevalent number of underweight children receive milk feeding for the entire duration. The 12th cycle showed an 82.27 percent improvement in the weight of underweight children, reducing their number from 4,567 to 784 after the 120 feeding days. Pamat highlighted its alignment with Republic Act 11037, also known as the Masustansyang Pagkain Para sa Batang Pilipino Act, and encouraged LGUs, communities, and parents to support the program for continuous improvement......»»
P3-M damage reported in school building fire
The Davao City Police Office (DCPO) reported a devastating fire at F. Bustamante National High School in Tibungco, Davao City, on January 14, causing an estimated P3 million in damages. The fire affected 14 rooms, with nine being totally damaged and one partially damaged. The Bureau of Fire Protection-Davao (BFP-Davao) struggled to contain the blaze, which lasted for two hours. Fortunately, there were no reported casualties or houses affected despite the school's proximity to a residential area. Investigations into the cause of the fire are ongoing. This incident adds to a series of school fires in the region, with three state-owned schools destroyed in 2023. The BFP-Davao and Team Davao Rescue have responded to over 15 fire incidents in the first and second weeks of January 2024, indicating a significant increase compared to the same period in 2023......»»
Classes suspended in Davao City, three Davao provinces amid heavy rain
Classes in all levels are suspended in Davao City, Davao del Norte, Davao de Oro, and Davao Oriental today, January 16, following heavy rains and bad weather conditions brought by the shear line weather......»»
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 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......»»
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 to share data with more government agencies
The Securities and Exchange Commission (SEC) is teaming up with more government agencies to boost efforts to combat money laundering and terrorism financing......»»
SEC clears CLI’s preferred shares offer
The Securities and Exchange Commission (SEC) has cleared the planned public offering of up to P5 billion worth of preferred shares by Cebu Landmasters Inc. (CLI)......»»