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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......»»
SEC scores another victory vs erring lending firms
The Securities and Exchange Commission has scored another major victory against erring lending companies......»»
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......»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
Navigating Unsecured Debt Relief: A Comprehensive Guide
In the realm of financial management, unsecured debt stands out as a common challenge for many. Unlike secured debts, which are tied to assets like homes or cars, unsecured debts include credit card balances, personal loans, and medical bills. These can accumulate quickly, often overwhelming individuals. This article aims to explore debt relief options specifically […] The post Navigating Unsecured Debt Relief: A Comprehensive Guide appeared first on Kagay An......»»
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......»»
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......»»
For moments that matter, fast relief against sore throat is the answer
Dichlorobenzyl Alcohol Amylmetacresol (Strepsils) is formulated to provide quick and effective relief, so you never miss out. The medicated lozenge is a partner to the “stay ready, don’t get ready” type of people......»»
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 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......»»
Dcott assists bus companies for Holy Week special permits
THE Davao City Overland Transport Terminal (Dcott) has collaborated with bus companies, ensuring they obtain or renew their special permits from the Land Transportation Franchising and Regulatory Board-Davao Region (LTFRB-Davao) ahead of the anticipated surge in passengers during the upcoming Holy Week......»»
GCash lending arm Fuse empowers underbanked Filipinos with P118 billion loans disbursed
Fuse Lending Inc., the credit arm of GCash, surpasses the P118 billion mark in life-to-date disbursed loans through the country’s number one finance app as of the end of 2023. This puts both institutions well on their way toward their shared mission of financial inclusion......»»
GCash lending arm Fuse empowers underbanked Filipinos with P118 billion loans disbursed
Fuse Lending Inc., the credit arm of GCash, surpasses the P118 billion mark in life-to-date disbursed loans through the country’s number one finance app as of the end of 2023. This puts both institutions well on their way toward their shared mission of financial inclusion......»»
Money lending firm collector killed in Zamboanga del Sur ambush
Gunmen killed a collector of a local money lending firm in a daytime ambush in Barangay Lutlutan in Dimataling town, Zamboanga del Sur on Wednesday......»»
Bank lending picks up pace in January
Despite elevated interest rates, bank lending growth climbed to an eight-month high of 7.8 percent in January, amid the continued recovery of the economy......»»
MPBA Season 2 completes north and south conferences’ semifinal contenders
CEBU CITY, Philippines — The KMNH Lending-Luigi Bercede completed the southern conference’s final four of the ongoing Mandaue’s Pride Basketball Association (MPBA) Season 2: Cebuano Cup’s south division after grabbing a crucial win on Sunday evening against the Quadernos, 83-71. The victory earned the KMNH Lending-Luigi Bercede the last remaining semifinal slot in the MPBA.....»»
DTI NegOcc warns public of unregistered lending firm
DTI NegOcc warns public of unregistered lending firm.....»»
New Mandaue city hall gets P3 billion financing
State-run Development Bank of the Philippines has extended a P3-billion loan financing to the local government of Mandaue in Cebu for the construction of a center that would boost delivery of services......»»
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......»»
FundSpace, Global Dominion tie up to boost SME, individual financing
FundSpace, Global Dominion tie up to boost SME, individual financing.....»»