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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......»»
No lottery in PBA draft
A plan to hold a special no-order, computer-generated lottery for PBA draft applicants who would’ve been eligible to join at least four years earlier isn’t pushing through after all. According to PBA commissioner Willie Marcial, any change in format will require approval from the Board of Governors and for the moment, the guidelines for the draft on July 14 remain the same as before, meaning the order will follow the reverse standings of the teams the previous season unless slots are traded......»»
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......»»
BSP to further relax forex rules
The Bangko Sentral ng Pilipinas may further relax its rules and regulations governing foreign exchange transactions in a bid to attract more foreign investments into the country......»»
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......»»
‘Senate rules on Cha-cha on the right track’
The Senate rules on amending the 1987 Constitution are “on the right track” and ready even before the sub-committee wraps up its discourse on the Resolution of Both Houses 6 pushing Charter change, a senator said......»»
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......»»
2024 NFL Mock Draft: Bears select Caleb Williams, boost pass rush; Jalen Hurts, Joe Burrow gain playmakers
The Minnesota Vikings are gearing up for a bold move in the upcoming NFL draft, as they aim to secure a top quarterback prospect. With.....»»
GPS 2024: Investing in reliable public transport
Transport Minister Simeon Brown has confirmed targeted investment of more than $2 billion over the next three years for public transport projects and services, as part of the draft Government Policy Statement (GPS) on Land Transport. "Delivering reliable, effective, and efficient public transport is a priority for the Coalition Government. The draft GPS commits up to $2.3 billion for.....»»
PAL denies that it has started the groundwork to sell a minority stake to strategic investor
Philippine Airlines issued a clarification to a news article that claimed PAL was looking to sell a 20% to 25% minority stake to a strategic investor, and that PAL “recently formed a team to ‘receive some offers’”......»»
Biden says Israel agrees to stop Gaza attacks for Ramadan as Hamas mulls draft truce proposal
The draft proposal, which would allow hospitals and bakeries in Gaza to be repaired and 500 aid trucks to enter the battered enclave every day, is the most serious attempt in weeks to end the conflict.....»»
Cebu-Negros-Panay sub-grids bolster power reliability in Panay Island
Cebu-Negros-Panay sub-grids bolster power reliability in Panay Island.....»»
President Marcos wants Army to bolster cybersecurity capabilities
Amid “emerging threats” to the country’s stability and sovereignty, President Marcos has called on the Philippine Army to bolster its cybersecurity capabilities and keep up with rapid technological advancements......»»
Globe, UK Embassy partner to bolster Philippines cybersecurity
Telco giant Globe Telecom has linked up with the British Embassy to bolster the country’s digital infrastructure defenses......»»
Trabaho Para sa Bayan Act Implementing Rules Now Inked
The Inter-Agency Council Trabaho Para sa Bayan Act (TPB-IAC) officially signed the implementing rules and regulations (IRR) on March 12, 2024, at the NEDA Central Office in Mandaluyong. The Trabaho Para sa Bayan Plan Act or Republic Act 11962 implementing rules was signed by was signed by National Economic and Development Authority (NEDA) Secretary Arsenio […].....»»
Public reminded: Follow traffic rules to avoid accidents
MANDAUE CITY, Cebu –Officials of Mandaue City are reminding motorists to always follow traffic rules to avoid violations and possible accidents. Mayor Jonas Cortes stated on Friday, March 1, that adherence to traffic rules can ensure drivers’ safety and promote smooth traffic flow. “Kung magdali ka o mag-counterflow, prone ka sa disgrasya. Importante gyud ang.....»»
PRO-7: Rules on anti-terror law to boost efforts against terrorism in CV
CEBU CITY, Philippines — An official of the Police Regional Office in Central Visayas (PRO-7) said that they were preparing to make the necessary adjustments in line with the newly-implemented rules on anti-terrorism cases. On January 15, 2024, the “Rules on the Anti-Terrorism Act (ATA) of 2020 and Related Laws” officially took effect. This.....»»
The Art of Time Management for Small Business Owners
Time is a small business owner’s most valuable resource as for many, time is their best capital. With countless tasks to juggle and limited hours in the day, mastering the art of time management is essential for maximizing productivity and achieving business success. So how can small business owners effectively prioritize their time and tasks […].....»»
Local Sourcing: A Sustainable Approach for Small Business Owners
While we are now in a world where global supply chains rule any given industry, some are starting to explore the concept of sourcing locally, which has gained traction among small business owners. But what exactly does it mean to source locally, and how can this approach benefit your business in the long run? Supporting […].....»»
Criminal raps recommended for MT Princess Empress owners in Mindoro oil spill
The Department of Justice recommended the filing of criminal charges against owners and corporate officers of Motor Tanker Princess Empress over the oil spill in Oriental Mindoro in February 2023......»»