Is justice finally catching up to those behind these anomalous projects?
The end is nigh for the lavish and extravagant lifestyles of personalities supposedly behind the large-scale corruption in state flood mitigation projects. On Wednesday, the Anti-Money Laundering Council reported over P4 billion in frozen assets related to the flood control ...
The water concessionaire is set to raise about P37 billion with the IPO.
Local utility concessionaire Maynilad Water Holding Co. is gearing up for its planned initial public offering in the Philippine Stock Exchange by submitting a preliminary prospectus for potential investors in what could be the country's biggest listing in the past year. ...
Maynilad Chairman Manny Pangilinan had earlier said the company would push through with its market debut this year.
The Securities and Exchange Commission (SEC) has greenlit Maynilad's initial public offering (IPO) which will allow the concessionaire to raise upwards of P37 billion this year.Sitting as the commission en banc, the SEC approved the IPO that involves Maynilad Water ...
The app will no longer offer their services in the country starting December this year.
Financial services app eToro is ending its operations in the Philippines. The app, which describes itself as an investing and trading platform that aims to make trading accessible to anyone, anywhere and reduce the dependency on traditional financial institutions, made the announcement ...
Responding to the Court of Appeals order freezing its bank, investment, and insurance accounts, the embattled MFT Group of companies insists that it did nothing wrong.
On Tuesday, news spread that the Court of Appeals had ordered the freezing of the bank, investment, and insurance accounts of the MFT Group of Companies, Inc., the embattled firm led by businesswoman Maria Francesca "Mica" Tan. The resolution, which was promulgated ...
The former “agripreneur” was found guilty of violations related to the Securities Regulations Code.
Joseph Calata, the once high-flying entrepreneur who was a regular in the business and society pages of newspapers and magazines, has been ordered to pay a fine worth P4 million after being found guilty of two counts of violation of Section ...
The cryptocurrency giant was officially banned from operating in the country last month.
In its latest move to ban any remaining access to Binance in the Philippines, the Securities and Exchange Commission (SEC) has asked Apple and Google to remove the cryptocurrency service app from their application stores.The SEC wrote to both technology giants, ...
The SEC has filed a criminal complaint versus ‘Millennial CEO’ Mica Tan and the officers and even the accounting firm of her company for what the agency calls “illegal investment-taking activities.”
This story has been updated with a new statement from the MFT Group of Companies re: the SEC's filing of the criminal complaint with the Department of Justice.On Monday (April 22), the Securities and Exchange Commission announced that it has ...
The order comes after the SEC first announced plans to block the crypto trading platform in the country in November last year.
The Securities and Exchange Commission (SEC) on Monday has moved to officially block the world's largest cryptocurrency exchange Binance in the Philippines. In a press statement, the SEC said the ban on Binance's online presence in the Philippines follows the ...
It’s the latest headache for the global cryptocurrency trading platform.
Cryptocurrency giant Binance will no longer be accessible in the Philippines by early next year if the Securities and Exchange Commission (SEC) follows through with its crackdown on unlicensed online trading platforms. The SEC said Binance is not registered in the Philippines ...
A company building the Camarin Doctors Hospital, a medical facility located in Camarin, Caloocan City, has been granted approval by the Securities and Exchange Commission to list in the Philippine Stock Exchange. It will be the ninth company that will go public ...
The BIR and SEC have previously cleared the network of any violations.
Pending the final closing of some transactions this August, the deal between ABS-CBN and TV5 is good to go. But if we were to ask the National Telecommunications Commission (NTC), there are still some supposed "violations" that ABS-CBN needs to ...
Three online lending operators were ordered to stop their lending activities after it was found that they did not have the necessary authorization from the Securities and Exchange Commission (SEC). In an order issued April 26, the SEC's Commission en banc ...
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