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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......»»
SEC issues cease and desist order against Procap
The Securities and Exchange Commission has ordered Procap to stop unauthorized solicitation activities after the company was found pursuing its illegal investment scheme to the public......»»
SSS savings scheme hits P80 billion
The savings scheme of state-run pension fund Social Security System has collected P80 billion from six million members who are looking for additional investment channels......»»
SEC revokes license of alleged pyramid firm
The Securities and Exchange Commission has revoked the corporate registration of an investment-taking entity employing a pyramid-like scheme......»»
66 face raps for illegal recruitment to South Korea
The Department of Migrant Workers said at least 66 people were slapped with criminal complaints for their alleged involvement in an illegal recruitment scheme targeting “Seasonal Work Program” participants......»»
MMDA suspends number coding scheme on March 28, 29
The Metropolitan Manila Development Authority will be temporarily lifting its number coding scheme on March 28 (Maundy Thursday) and March 29 (Good Friday), which were earlier declared as regular holidays......»»
Zamboanga City sets ‘pick-and-go’ traffic scheme dry run
Zamboanga City sets ‘pick-and-go’ traffic scheme dry run.....»»
Himachal Pradesh CM Sukhu inaugurates 22 new branches of HPSCB; launches two new schemes
Shimla (Himachal Pradesh) [India], March 6 (ANI): Chief Minister Sukhvinder Singh Sukhu virtually inaugurated 22 new branches of the Himachal Pradesh State Cooperative Bank (HPSCB) on Wednesday. According to an official release from the Chief Minister's Office (CMO), "CM Sukhu launched two new schemes, the 'One-Time Resolution Scheme' and a Loan Scheme for developing high-density apple orchards."The Chief Minister also la.....»»
BI bares new mail-order bride scheme
There is a new mail-order bride scheme that involves Chinese men using genuine government documents, the Bureau of Immigration reported yesterday......»»
Mandaue council oks new traffic scheme
Mandaue council oks new traffic scheme.....»»
Sinulog 2024 grand parade traffic scheme
CEBU CITY, Philippines — The Sinulog grand ritual showdown is around the corner, and the preparation for the traffic scheme on Sinulog day is in full swing. The Cebu City Transportation Office (CCTO) will be opening F. Vestil St. as a one-way traffic to enter the entrance of the South Road Properties (SRP). READ: LIST:.....»»
Davao gets investment pledges worth P3B
DAVAO CITY (MindaNews / 06 March) – The Davao City Investment Promotions Center (DCIPC) has recorded investment pledges worth P3 billion from different potential investors for this year, an official said. Christian D. Cambaya, head of DCIPC’s Investor Assistance & Servicing Unit, said during “Wednesdays Media Forum at Habi at Kape” that Davao is off […].....»»
308 mln USD stolen in investment, romance scams in 2023 in Japan
TOKYO, March 7 (Xinhua) -- The amount of money stolen in investment scams perpetrated via social media and in online romance scams in Japan totaled 45.52 billion yen (about 308 million U.S. dollars) in 2023, police data showed on Thursday. In 2023, damages from investment frauds using Facebook, Instagram and other social media means amounted to 27.79 billion yen in 2,271 cases reported to police, while damages f.....»»
Foreign investment pledges more than double
Foreign investment pledges approved by investment promotion agencies surged by more than 127 percent to P394.45 billion in the fourth quarter of 2023 from P173.61 billion a year ago amid the country’s strong economic performance, according to the Philippine Statistics Authority......»»
BARMM’s investment hubs get governance citations
Members of the Bangsamoro business sector were elated with the special awards for efficiency bestowed upon the local governments in the region's two new investment hubs on Thursday, recognizing the accomplishments as key factors that can enhance the investment potentials of both areas......»»
Maharlika ready to make first investment in 90-120 days
Maharlika Investment Fund CEO, Rafael Consing, said that the MIF would likely make its first investment “in the next 90 to 120 days”......»»
Data centers: Philippine’s new investment magnet
When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»
Data centers: Phl’s new investment magnet
When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»
DMW-Davao hails citizens vigilance for foiled illegal recruitment in Davao City
ACTING on a Dabawenyo’s information of an alleged illegal recruitment activity on its official Facebook page, the Department of Migrant Workers-Davao Region (DMW-Davao) endorsed the report to the National Bureau of Investigation-Southeastern Mindanao Regional Office (NBI-Semro) leading to a criminal investigation of three reported illegal recruiters last March 2, 2024 in Toril, Davao City by the City Prosecution Office......»»
PSSO warns anew vs building structures atop dikes, coastal road
The Davao City Public Safety and Security Office's (PSSO) Coastal Road and Davao River Monitoring Team has issued a renewed warning to Dabawenyos against constructing buildings on top of dikes and along the coastal road. This caution follows the dismantling of 334 illegal structures from October 2020 to the third week of January 2023. PSSO Head Angel Sumagaysay emphasized that these structures, including house extensions, kitchen extensions, cages, and sala extensions, are typically found atop or attached to dikes and gabions near the Davao River. Recent operations in the Talomo District involved the removal of a hut at Purok 8 Iñigo, Matina Pangi, and a reconstructed fisherman's kiosk at the Punta Dumalag section of the Coastal Area. Sumagaysay highlighted that the PSSO collaborates with barangays to identify and address illegal structures, and owners are given the choice to self-demolish or have the PSSO carry out the demolition. Sumagaysay stressed that illegal structures on dikes and gabions pose risks to the structure's integrity, potentially leading to increased flooding and related issues. He urged residents living near the river to refrain from constructing any form of extension or additional structure on the dikes, emphasizing the need to preserve their stability to prevent flooding and overflow. The PSSO does not have a specific target number of structures to dismantle, but rather identifies them during monitoring and inspection, working in coordination with barangays and purok leaders. Sumagaysay hopes that the public comprehends the purpose behind these dismantling efforts, emphasizing the importance of safeguarding the dikes to mitigate flooding risks......»»