‘Clear and existing danger’ rule in seafarer’s dismissal cases

ATTY. DENNIS R. GORECHO 03/03/2020

It is only in the exceptional case of clear and existing danger to the safety of the crew or vessel that the required notices are dispensed with in cases of a seafarer’s dismissal. The untimely termination of…

SEC orders three more online lending firms to stop illegal operations

Irene R. Sino Cruz 01/23/2020

CEBU CITY–The Securities and Exchange Commission (SEC) has ordered three more online lending firms to stop their illegal operations. SEC, in an emailed press statement, said Peso Tree, Pesoalo and Pinoy Cash Loan did not have the…

SEC orders shutdown of 11 illegal lending apps

Doris Dumlao-Abadilla 09/23/2019

MANILA, Philippines — The Securities and Exchange Commission (SEC) has issued a cease and desist order against 11 more illegal mobile lending applications, heeding complaints of unreasonable and abusive lending and collection practices. The order, issued on…

Cebu City targets one day processing of business permits

Delta Dyrecka Letigio 07/25/2019

CEBU CITY, Philippines — The Cebu City government plans to further decrease the processing of business permits for establishments from its usual 30 days to a mere one day processing. Mayor Edgardo Labella said this would be…

Sinas: Police officers investing in Kapa may face administrative charges

Delta Dyrecka Letigio 06/25/2019

CEBU CITY, Philippines — Police Brigadier General Debold Sinas said that the policemen who would be proven to have invested in the Kapa Community Ministry Inc., may be facing administrative charges in violation to the memorandum circular…

SEC files criminal complaint vs Kapa execs for large-scale investment scam

06/18/2019

MANILA, Philippines – The Securities and Exchange Commission (SEC) on Tuesday filed a criminal complaint before the Department of Justice (DOJ) against Kapa Community Ministry International Inc. (Kapa) founder and President Joel A. Apolinario and its other…

DILG orders LGUs to stop giving permits to KAPA

Delta Dyrecka Letigio 06/14/2019

CEBU CITY, Philippines — The Department of Interior and Local Government Unit (DILG) has ordered all local government units (LGUs) to stop giving permits to the KAPA Community Ministry International Inc. and to revoke existing permits In…

SEC warns Cebuanos vs online investment recruitments

Irene R. Sino Cruz 06/14/2019

CEBU CITY, Philippines–The Securities and Exchange Commission (SEC) said that many people are easily lured by quick-rich offers, the reason why they remain susceptible to fraudulent investments schemes. This is especially true nowadays as most, if not…

SEC to 200 lending firms: Secure license or be penalized

Victor Anthony V. Silva 03/28/2017

AROUND 200 companies engaged in lending activities in Central and Eastern Visayas are advised to secure a license to operate from the Securities and Exchange Commission (SEC) on or before April 30, 2017 or they will be…

SWU BUCKS FREEZE ORDER

Michelle Joy L. Padayhag 06/25/2015

CHED issues freeze order for  College of Medicine 2 SWU campuses claim gov’t recognition A month after new investors took the reins of Southwestern University,  the private school in Cebu City is trying to fend off a…

Korean electronics firm to raise P1.2B from IPO

Stephen D. Capillas 11/19/2014

A South Korean-owned semiconductors manufacturer hopes to raise at least P1.2 billion in fresh revenue from its initial public offering (IPO) in Dec. 1 to fund the expansion of their plant in the Clark Freeport Zone in…

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