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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......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

AMLC to be invited in next Senate hearing on Quiboloy s alleged abuses

The Senate women and gender equality committee has invited the AMLC to attend the next hearing as the panel seeks to determine the extent to which Quiboloy siphoned funding from KOJC followers through money laundering......»»

Category: newsSource:  philstarRelated NewsMar 11th, 2024

Comelec Registration, tuloy ngayong Pebrero 12

Nakatakdang ipagpatuloy ng Commission on Election (COMELEC) ang voter’s registration sa buong bansa. Ayon sa pamunuan ng Comelec, bukas ito sa magiging botante para sa midterm national and local elections. Kabilang dito ang mga residente na mag-eedad dise otso sa May 2025 elections. Magsisimula ang Voter’s Registration para sa 2025 NLE sa Pebrero 12, 2024 […] The post Comelec Registration, tuloy ngayong Pebrero 12 appeared first on Bicol Peryodiko......»»

Category: newsSource:  bicolperyodikoRelated NewsJan 30th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 26th, 2024

Unregistered entities may face more stringent AMLC sanctions

Unregistered designated non-financial businesses and professions that failed to register on time could face more stringent sanctions from the financial intelligence unit, according to the Anti-Money Laundering Council......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 4th, 2024

BSP onboards 1st nonbank electronic money issuer

The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

Comply with sanitation requirements, CHO reminds establishment owners

Comply with sanitation requirements, CHO reminds establishment owners.....»»

Category: newsSource:  sunstarRelated NewsJan 20th, 2024

Satellite Voter Registration

Personnel from the Commission on Elections XI check the documents of incoming voters at a satellite registration site at Vista Mall, Barangay Sto. Niño, Davao City. Voter registration began in February and is scheduled to end on September 30, 2024. MindaNews photo by YAS D. OCAMPO.....»»

Category: newsSource:  mindanewsRelated NewsMar 10th, 2024

Comelec registration hits 1 million new voters in less than a month

The Commission on Elections (Comelec) said there are more than a million registration applicants, barely a month after the registration period started on Feb. 12. Comelec Chair George Erwin Garcia said on Saturday as of March 6, a total of 1,027,572 applications were processed nationwide in Comelec offices, satellite centers and “Register Anywhere Program” (RAP).....»»

Category: newsSource:  inquirerRelated NewsMar 10th, 2024

SEC revokes registration of One 1Key Progress Booster

The Securities and Exchange Commission has ordered for the revocation of the registration of One 1Key Progress Booster Inc. following its unauthorized solicitation activities......»»

Category: entertainmentSource:  philstarRelated NewsApr 6th, 2024

SEC revokes registration of One 1Key Progress Booster

The Securities and Exchange Commission has ordered for the revocation of the registration of One 1Key Progress Booster Inc. following its unauthorized solicitation activities......»»

Category: entertainmentSource:  philstarRelated NewsApr 6th, 2024

A Brown Company has 2nd tranche of preferred shares sale approved by SEC

A Brown Company notified the exchange that the SEC approved its plan to sell a second tranche of preferred shares under its shelf registration......»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2024

NWPC reminds employers to submit annual wage reports

NWPC reminds employers to submit annual wage reports.....»»

Category: newsSource:  sunstarRelated NewsMar 16th, 2024

STATEMENT | Bulatlat reminds Philippine military of culpability in cyber-attacks and misinformation

Bulatlat maintains that these so-called “cyber security” efforts could mean online surveillance, distributed denial of service (DDOS) attacks, “fake news” and other forms of attacks aimed to suppress freedom of the press and of expression, as well as the people’s right to information. This issue was brought to the attention of the UN Special Rapporteur on the Promotion and Protection of the Right to Freedom of Opinion and Expression Irene Khan who will hold her official country visit next week. The post STATEMENT | Bulatlat reminds Philippine military of culpability in cyber-attacks and misinformation appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJan 18th, 2024

Airline app reminds public to be vigilant

Airline app reminds public to be vigilant.....»»

Category: newsSource:  sunstarRelated NewsJan 14th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Comelec: Voter registration resumes February 12

With the resumption of the voter registration on Feb. 12, the Commission on Elections yesterday warned voters against multiple registrations......»»

Category: newsSource:  philstarRelated NewsFeb 9th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024