500 To Php5 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - The Securities and Exchange Commission (SEC) has revoked the corporate registration of Wellcons Unlimited Systems Inc. for employing a "double-your-money" scheme to illegally solicit investments from the public. In an order dated July 5, the SEC Enforcement and Investor Protection Department (EIPD) found that Wellcons has been publicly offering and selling securities without the necessary secondary license from the commission. In doing so, Wellcons committed an ultra vires act under Section 44 of Republic Act No. 11232, otherwise known as the Revised Corporation Code of the ...

MANILA - The Securities and Exchange Commission (SEC) has ordered Wellcons Unlimited Systems, Inc. to stop offering investment packages to the public without the necessary license from the Commission. In an order dated June 23, the Commission en banc directed Wellcons to immediately cease and desist from engaging in the unlawful/unauthorized solicitation, offer and/or sale of securities until it has filed the requisite registration statement and secured the necessary approval from the SEC. Wellcons, its president Merarie Pailagao, as well as its officers, operators, administrators, promoters, ...

WAGE HIKE. The Department of Labor and Employment (DOLE) regional office in Tacloban City. The wage board led by DOLE said on Friday (June 24, 2022) the new wage order granting a PHP50 daily minimum wage hike to more than three million workers in the private sector in Eastern Visayas will take effect on June 27.(File photo) TACLOBAN CITY - The new wage order granting a PHP50 daily minimum wage hike to more than three million workers in the private sector in Eastern Visayas (Region 8) will take effect on June 27. Regional Tripartite Wages and Productivity Board (RTWP) chairman Henry John Jalbue...

MANILA - Private sector workers in all 16 regions of the country will have their salaries hiked following the issuance of orders by their respective regional wage boards which would all take effect this June, the Department of Labor and Employment (DOLE) said Wednesday. In a news release, Labor Secretary Silvestre Bello III said the wage orders that will be effective before the end of June are in Eastern Visayas, Zamboanga Peninsula, Calabarzon, and Caraga. The PHP35 wage hike in the Zamboanga Peninsula will take effect on June 25 while the PHP50 pay hike in Eastern Visayas will take effect on...

SALARY INCREASE. The Department of Labor and Employment regional office in Tacloban City, the agency that chairs the Eastern Visayas Regional Tripartite Wages and Productivity Board (RTWPB). The board on Friday (June 10, 2022) released the order granting a PHP50 daily minimum wage hike to workers in the private sector in Eastern Visayas, to be implemented in two tranches.(DOLE photo) TACLOBAN CITY - The Regional Tripartite Wages and Productivity Board (RTWPB) on Friday released the new order granting a PHP50 daily minimum wage hike to workers in the private sector in Eastern Visayas, to be imp...