by Edielyn Mangol, Reporter The Securities and Exchange Commission (SEC) has issued an urgent warning against a rise in unauthorized investment schemes circulating across the country, particularly through social media and online platforms. Several groups and individuals have been enticing the public with promises of quick and guaranteed profits — without securing the proper registration […]
By Edielyn Mangol, Reporter In a bold move aligning with global transparency standards, the Philippines’ Securities and Exchange Commission (SEC) has recently voiced its support for lifting strict bank secrecy provisions. The reform, currently under consideration in Congress, aims to grant regulators streamlined access to banking data in cases of suspected fraud, market manipulation, or […]
by Jan Michael Carpo, Reporter In a significant move aimed at making stock trading more accessible and affordable, fintech platform GCash has recently announced a change for GStocks PH traders. IMAGE CREDIT: https://www.gcash.com The PhP20 broker commission fee has been eliminated, and replaced by a fixed commission rate of 0.25 per cent on all buy […]
Last month, the Philippines National Telecommunications Commission (NTC) commenced blocking the websites of crypto companies that offer investment products without the necessary licenses. Specifically, the NTC directed the blocking of access to the website and apps of the foreign exchange platform MiTrade. This platform had been accused of offering investment opportunities without the required license. […]
The Bangko Sentral ng Pilipinas (BSP) has recently issued a warning regarding a company offering “cloud mining machines,” emphasizing that its operations are beyond the BSP’s regulatory scope. Cloud mining machines (IMAGE CREDIT: https://www.investopedia.com/) Cloud mining enables individuals to lease processing power from remote data centers for cryptocurrency mining without the need to manage physical […]
The Philippines’ Securities and Exchange Commission (SEC) is taking steps to block local access to Binance, citing that the exchange operates without the necessary license. In a letter dated March 12 sent to the National Telecommunications Commission (NTC), SEC Chairperson Emilio Aquino explained that Binance poses a threat to the security of the funds of […]
Financial management helps organizations plan, organize, and govern financial activities to keep businesses moving and maintain healthy profits. In banking, one of its most important functions is decision-making, which takes into account the short-term and long-term goals of the business. One such organization that has just recently been given the official job of making sure […]
Last December, Citicore Renewable Energy Corporation (CREC) announced that it had filed a registration statement with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common shares. Under the terms of the offer, CREC plans to issue up to 2,900,000,000 shares, at a price of up to Php3.88 per […]
As a testament to its continuous pursuit of sound and responsible corporate governance, Etiqa Philippines, the country’s foremost advocate of insurtech with a strong ASEAN footprint, was recently recognized at the Golden Arrow Awards 2023. The Golden Arrow Awards is an annual event that celebrates outstanding achievements in corporate governance organized by the Institute of […]
