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FORMER Pampanga Representative Juan Miguel Arroyo and businessman Rodolfo Soriano Jr. filed a case with the Pasig City Regional Trial Court to invalidate the results of the April 5 election of the board of trustees of the National Golf Association of the Philippines (NGAP) due to alleged violations of the…
The Securities and Exchange Commission will start imposing on April 1 higher fines and penalties for the late and non-filing of reportorial requirements by corporations. The agency issued on March 27 SEC Memorandum Circular (MC) 6, Series of 2024, providing for the Updated Fines and Penalties on the Late and…
The inaction of the Philippine Stock Exchange (PSE) regarding trading irregularities involving Abra Mining and Industrial Corp. has raised concerns among market investors, leading to discussions in various chat groups. And the issues that are discussed in these chat groups show how the PSE officialdom has apparently forgotten its mandate…
Many stock market investors are wondering why the Philippine Stock Exchange has not filed any court suit against the officials of Abra Mining and Industrial Corp. after it finished its probe into the sale of unissued shares of stock. And that investigation, which followed its suspension of the trading of…
THE Securities and Exchange Commission (SEC) has launched an online portal for the filing of amendments to companies' articles of incorporation (AoI) and by-laws as part of a push to streamline and automate the regulator's processes.