SEC Lauds Signing of Revised Corporation Code

By James A. Loyola, Manila Bulletin The Securities and Exchange Commission (SEC) lauded the enactment of The Revised Corporation Code of the Philippines which it has been pushing for years with the aim of improving ease of doing business in the country. In a statement, the SEC said the revised law affords more protection to […]
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SEC Fines AG Finance

AG Finance Inc. (PSE: AGF) has been assessed by the Securities and Exchange Commission (SEC) a penalty of PhP61,500.00 for its belated filing of certain reports as a financing company, failure to amend the principal office, and effecting a change in its annual meeting without properly amending its by-laws. The reports which the company belatedly […]
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1M Filipinos Lost PhP25B to Investment Scams

One in every 100 Filipinos has fallen prey to various investment scams that lure people with hefty returns in a short period of time, wiping out more than PhP25 billion worth of hard-earned money to date. Related Articles:SEC Lauds Signing of Revised Corporation CodePSE Acquires 28.91% of PDSSEC to Set Up Satellite Offices in SM […]
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PSE Acquires 28.91% of PDS

Makati—(PHStocks)—The Philippine Stock Exchange Inc. (PSE: PSE) and the Banker’s Association of the Philippines (BAP), on behalf of individual shareholder banks, have signed a Share Purchase Agreement (SPA) whereby PSE agreed to purchase 1,807,094 shares of PDS Holdings Inc. (PDS) from BAP, equivalent to 28.91% of PDS, for a total of purchase price of PhP650,553,840.00. […]
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SEC to Set Up Satellite Offices in SM Shopping Malls

The Securities and Exchange Commission (SEC) is putting up satellite offices in SM malls in a bid to provide convenience and service to more business and corporate entities. SEC Chair Teresita Herbosa and SM Supermalls president Annie Garcia led the signing of a memorandum of agreement for the establishment of an SEC satellite office in […]
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Greenergy Fined PhP57K by SEC

Bulacan–(PHStocks)–Greenergy Holdings Inc. (PSE: GREEN) has been fined by the Securities and Exchange Commission (SEC) an amount of PhP57,000.00 for its alleged non-compliance with the financial reporting requirements of the Commission in relation to the Company’s 2013 Consolidated Audited Financial Statements. The company will review the letter from SEC and determine the appropriate action to be […]
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Alliance Select Stockholder Hits SEC for Inaction

A minority stockholder of one of the country’s top canned tuna manufacturers is complaining that the Securities and Exchange Commission (SEC) has failed to give attention to a complaint against the corporation for denying him his right as a stockholder. Related Articles:SEC Lauds Signing of Revised Corporation CodeAlliance Select Holds 2017 Stockholders’ MeetingAlliance Select Poised […]
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3rd PSE Bell Awards Slated for November

Makati—(PHStocks)—The Philippine Stock Exchange Inc. (PSE: PSE) has announced that the PSE Bell Awards for Corporate Governance will be held on November 10, 2014 at the Makati Shangri-La. The Bell Awards is one of the cornerstone activities of the PSE to promote good governance practices among listed companies and trading participants. “Good governance remains to be […]
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