Page 14 - Corporation Code News Today

March 8, 2021 | 12:08 am Advertisement AAA MARKET regulators have teamed up to look into the case of Abra Mining and Industrial Corp., which the stock exchange earlier found to be selling shares beyond the number listed on the local bourse. “The Securities and Exchange Commission (SEC), The Philippine Stock Exchange, Inc. (PSE) and Philippine Depository & Trust Corp. (PDTC) are working closely together to investigate the trading of unissued and unlisted shares of Abra Mini...

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BusinessWorld February 22, 2021 | 6:51 pm By Cesar L. Villanueva The most profound effects of the Revised Corporation Code in the pursuit of corporate governance (CG) reforms in the private corporate sector may be grouped into three areas, namely: First, the granting of statutory foundation to the CG principles and best-practices championed by the Securities and Exchange Commission (SEC) in the private corporate sector, highlighted by the formal recognition of “corporations v...

House lawmakers struggle to find fault in Lopez loan with DBP Ramon Royandoyan © STAR/File House lawmakers struggle to find fault in Lopez loan with DBP MANILA, Philippines — House lawmakers struggled their way back to finding fault after hitting a stonewall in the second hearing meant to probe loans of the Lopez family sold by state-run Development Bank of the Philippines (DBP) at a discount. The hearing picks up from last month’s proceedings with House blue ribbon chai...

BusinessWorld February 12, 2021 | 12:06 am THE Securities and Exchange Commission (SEC) has warned the public against an unregistered “crowdfunding international platform” for cryptocurrency named BitAccelerate, BitAccelerateProject.com, BA, and BitAccelerator. In an advisory, the commission said the entities promise returns depending on the number of referrals and membership fees collected, thus gaining new investors is crucial to the platform. The platform claims that peop...

BusinessWorld January 18, 2021 | 7:26 pm CONGRESS should leave changes to the 1987 Constitution to the next administration, a senator said on Monday, noting that foreign ownership limits may be relaxed by law. Charter change could also distract the government as it battles a coronavirus pandemic, Senator Franklin M. Drilon told an online news briefing. “The perceived problem could be addressed by passing a bill. Changing the Constitution is unnecessary now,” he said in...