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SEC probes PLDT budget overruns, shares selloff

THE Securities and Exchange Commission on Monday said it  is “closely monitoring” issues that have arisen from the recent disclosures of PLDT Inc. regarding what the company described as “budget overruns” totaling P48 billion over the last four years. “In this light, the SEC has immediately commenced an inquiry into the…
Exchange Commission On Philippine Stock Exchange Inc Securities Regulation Department Capital Markets Integrity Corp Exchange Commission Capital Markets Integrity

Romualdez guarantees transparency in Maharlika fund

Transparency isn't a mere afterthought in the proposed Philippine sovereign wealth fund, dubbed the Maharlika Investment Fund (MIF). (MANILA BULLETIN) House Speaker Martin Romualdez gave this assurance to Filipinos Sunday, Dec. 18, or just three days removed from the MIF Bill's pas
The Philippines Martin Romualdez Joey Sarte Salceda Maharlika Investment Fund National Archives Of The Philippines Maharlika Investment Corporation
Source: mb.com.ph

'Latest version of MIF bill ensures transparency'

The public will be able to access and secure documents of the proposed Maharlika Investment Fund (MIF) and Maharlika Investment Corp. (MIC), including investment plans and audit documents, based on the current version of the legislative measure. House Speaker Martin G. Romualdez said the version of House Bill (HB) 6608…
The Philippines Marcos Jr Marting Romualdez Joey Sarte Salceda Maharlika Investment Fund Technical Working Group

Salceda breaks down 21 last-minute amendments to MIF

Despite being in the legislative mill in the House of Representatives for a total of just 18 calendar days, the proposed Maharlika Investment Fund (MIF) underwent a lot of revisions and fine-tuning. Albay 2nd district Rep. Joey Salceda In fact, the measure, embodied in House Bill (HB) N
Bangko Sentral Joey Salceda Maharlika Investment Fund Maharlika Investment Corporation International Organization Of Securities Commissions House Bill
Source: mb.com.ph

SEC sets AFS, GIS deadlines for 2023

The Securities and Exchange Commission (SEC) has announced the deadlines for the submission of the annual financial statements (AFS) and general information sheets (GIS) of corporations in 2023. All stock and nonstock corporations are required to submit their annual reports online through the SEC
Exchange Commission Efficient Government Service Delivery Commission On Audit Philippine Stock Exchange Submission Tool Online Submission Tool
Source: mb.com.ph

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SEC cracks down on 6 firms with illegal investment schemes

The Securities and Exchange Commission (SEC) continues its crackdown against firm’s illegally soliciting investments from the public and operating Ponzi schemes to defraud Filipinos of hard-earned money during these hard times. In various orders issued recently, the corporate watchdog has issued w
United Kingdom Koen Solutions Silverlion Livestock Trading Corp Phil Maritime Ocean Institute Of Technology Beastnessallday Corporation Justice Department
Source: mb.com.ph

Arrest order out versus suspected investment scammers in Zamboanga City

ZAMBOANGA CITY- Four officers of Silver Lion Live Stock Trading, a company suspected of defrauding residents here of millions of pesos worth of investments, were served warrants of arrest for alleged violation of the Securities Regulation Code on Wednesday, Dec. 7. Suspects include Michael Villalo
Bacolod City Zamboanga City Philippines General Moises Tamayo Ryan Ladoing Michael Villalobos Verja
Source: mb.com.ph

SEC warns vs 'Cashbaka' scheme to milk investors

DAVAO CITY—The Securities and Exchange Commission (SEC) has warned the public of an unlicensed scheme that promises high returns after purchasing cows. The SEC’s Enforcement and Investor Protection Department identified the investment firm as the Cashbaka, which operates within SEC-Davao’s area of responsibility composed of the Davao region, Soccsksargen, Cotabato…
Davao City Cotabato City Usapang Pera Exchange Commission Investor Protection Department Microdot Financing Corp

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