SEC probes financing, lending companies for alleged non-compliance of 30-day grace period for loans

Irene R. Sino Cruz 04/20/2020

  CEBU CITY, Philippines—Some financing companies (FCs) and lending companies (LCs) are now facing investigation from the Securities and Exchange Commission (SEC) for allegedly refusing to comply with the mandatory grace period on loan payments that fall…

SEC now accepts online registration for corporations with less than five incorporators

Irene R. Sino Cruz 04/20/2020

CEBU CITY, Philippines—The Securities and Exchange Commission (SEC) has made it easier for corporations with less than five incorporators to apply for registration through its online system. “Before the interim online registration was rolled out, we would…

Souvenir maker in Negros Oriental helps make face shields, transparent aerosol boxes

Irene R. Sino Cruz 04/20/2020

CEBU CITY, Philippines—A Negros Oriental craft company, which is engaged in the manufacture of quality artisanal works and souvenirs, joined many others in the campaign against the coronavirus 2019 outbreak by making face shields and aerosol boxes.…

DOLE to resume CAMP assistance to formal sector workers if given additional funding

Irene R. Sino Cruz 04/20/2020

CEBU CITY—The Department of Labor and Employment could resume the release of cash assistance to formal sector workers if it gets additional funds for the COVID Adjustment Measures Program (CAMP). Labor Secretary Silvestre Bello III bared the…

Micro small businesses cry for help

Irene R. Sino Cruz 04/17/2020

CEBU CITY, Philippines — The government has to come up with policies to help the small and medium enterprises (SMEs) recover from the adverse effects of the coronavirus 2019 pandemic, said Rey Calooy, president of the RNC…

SEC warns about unauthorized investment schemes

Irene R. Sino Cruz 04/17/2020

CEBU CITY, Philippines—Those planning to go into reselling should be cautious in dealing with individuals or groups pitching reseller business partnerships as a front for their unauthorized investment schemes. The Securities and Exchange Commission (SEC) issued this…

DA-7 readies research stations for Plant, Plant Plant program

Irene R. Sino Cruz 04/17/2020

CEBU CITY, Philippines—To prepare for the Plant, Plant, Plant program initiated by Agriculture Secretary William Dar, the Department of Agriculture (DA) in Central Visayas is now preparing its various research stations. As part of the preparation, DA-7…

Some 4Ps beneficiaries in Cebu share blessings with others

Irene R. Sino Cruz 04/17/2020

CEBU CITY, Philippines—They may belong to the lower income class, but some beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) did not consider this as a hindrance to their desire to help others. The Department of Social…

DTI-7 activates FabLabs’ network to produce PPEs for frontliners 

Irene R. Sino Cruz 04/17/2020

CEBU CITY, Philippines—The Department of Trade and Industry in Central Visayas has mobilized its network of fabrication laboratories (FabLabs) to produce personal protective equipment (PPEs) for frontliners involved in the fight against the coronavirus disease 2019 (COVID-19).…

DOLE suspends acceptance of CAMP application, funds almost depleted

Irene R. Sino Cruz 04/16/2020

CEBU CITY, Philippines — Workers who belong to the formal sector who have yet to apply for financial assistance under the Covid Adjustment Measures Program (CAMP) could no longer do so. The Department of Labor and Employment…

GSIS members, pensioners nationwide can avail of COVID-19 emergency loan

Irene R. Sino Cruz 04/16/2020

CEBU CITY, Philippines—The members and pensioners of the state pension fund Government Service Insurance System (GSIS) could now avail of the COVID-19 emergency loan program online. GSIS president and general manager Rolando Ledesma Macasaet made the announcement…

AboitizLand shifts to digital operations

Irene R. Sino Cruz 04/16/2020

CEBU CITY, Philippines— Real estate developer AboitizLand Inc. continues to conduct sales efforts by going online to serve dealers and clients while under enhanced community quarantine (ECQ) due to the coronavirus disease 2019 (COVID-19). AboitizLand introduced its…

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