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…

The worrying trash at SRP

Cris Evert Lato-Ruffolo 12/18/2016

When John (not his real name) bought his condominium unit at the South Road Properties (SRP) in 2010, he had high hopes for the area, believing that it would soon be the next big real estate destination…

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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