Robinsons realty firm plans P26.7B IPO for its REIT

Doris Dumlao-Abadilla - Reporter / @philbizwatcher 05/27/2021

MANILA, Philippines—Gokongwei-led Robinsons Land Corp. (RLC) plans to raise as much as P26.7 billion from the initial public offering of a real estate investment trust (REIT) that it will sponsor. According to a registration statement filed with…

SEC Cebu now accepts online registrations

Delta Dyrecka Letigio 04/20/2021

CEBU CITY, Philippines — No more lines and waiting times for companies and corporations seeking a Securities and Exchange Commission (SEC) accreditation as the agency launched its Electronic Simplified Processing of Application for Registration of Company (eSPARC). …

400% increase in scam, fraud entities

Morexette Marie B. Erram 11/08/2020

CEBU CITY, Philippines — Authorities remind Cebuanos once again to be wary of investment offerings while quarantine restrictions are still in place. This after the Securities and Exchange Commission (SEC) posted a 400 percent increase in the…

SEC ‘looking forward’ to progress of KAPA cases with scheme leader’s arrest

Alven Marie A. Timtim 07/25/2020

CEBU CITY, Philippines — The Securities and Exchange Commission (SEC) is “looking forward” to the progress of the pending cases against the Kapa-Community Ministry International (KAPA) after the recent arrest of its leader Joel Apolinario in Surigao…

SEC eyes new investment vehicle to cushion economic fallout from COVID-19

Rosalie O. Abatayo 07/11/2020

CEBU CITY, Philippines — As part of its efforts to cushion the economic fallout brought by the coronavirus disease 2019 (COVID-19) pandemic, the Securities and Exchange Commission (SEC) is working on a new investment vehicle for the…

SEC-Cebu extends filing of audited financial statements to Aug. 7

Rosalie O. Abatayo 06/28/2020

CEBU CITY, Philippines —The deadline for the annual filing of the audited financial statements of corporations registered under the Securities and Exchange Commission (SEC) – Cebu Extension Office has been moved to August 7, 2020, following the…

SEC flags down more investment ‘scam’ groups

Rosalie O. Abatayo 05/27/2020

CEBU CITY, Philippines — The Securities and Exchange Commission has flagged more groups for alleged unauthorized solicitation of investments from the public. In an emailed press statement, SEC cautioned the public from investing in firms Aquitek Food…

SEC identifies more quick-rich schemes

Irene R. Sino Cruz 05/03/2020

CEBU CITY, Philippines —The Securities and Exchange Commission (SEC) has again found several quick-rich schemes that victimize the public. Lawyer Alma Marie Dalena, SEC Cebu Extension Office officer-in-charge, encouraged investors to think twice before investing their money…

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 to implement measures to mitigate impact of COVID-19 outbreak on corporations

Irene R. Sino Cruz 03/12/2020

CEBU CITY, Philippines—The Securities and Exchange Commission (SEC) is finalizing measures to help mitigate impact of the coronavirus outbreak on corporations. “In line with the President’s declaration of a state of public health emergency, the Commission will…

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 secures P100M in Kapa assets

06/16/2019

MANILA, Philippines — The Securities and Exchange Commission (SEC) said it had “secured” over P100 million in assets from the Kapa Community Ministry International Inc., whose founder and pastor Joel Apolinario was accused of engineering a massive…

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