Personal Development, Business, Finance, and Investing for Everyone
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SEC Works with More Government Agencies to Combat Money Laundering and the Funding of Terrorism3/4/2024 The Securities and Exchange Commission (SEC) is boosting efforts to combat money laundering and terrorism financing, as it equips more government agencies with data that may help them uncover illegal activities carried out through the corporate vehicle.
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A Memorandum of Understanding (MOU) was signed by the Department of Migrant Workers (DMW) and the Philippine Stock Exchange, Inc. (PSE) with the objective of introducing a financial education program that will emphasize personal finance and the principles of stock market investing, particularly for Overseas Filipino Workers (OFWs).
Maharlika Investment Corporation Eyes Membership in Global Network of Sovereign Wealth Funds3/2/2024 The Maharlika Investment Corporation (MIC) is set to apply for Associate Membership in the International Forum of Sovereign Wealth Funds (IFSWF) to strengthen transparency and good governance, after the proposal was approved during the fourth MIC board meeting presided by Finance Secretary and MIC Chairperson Ralph G. Recto on February 29, 2024.
The Philippine Statistics Authority (PSA) reiterated the penalties for fraudulent acts related to the Philippine Identification System (PhilSys) and the mechanisms put in place to combat such incidents.
Bank of the Philippine Islands (BPI) announced that starting March 1, 2024, loading GCash via ‘Load e-Wallet’ on the BPI app and BPI online will be charged a PHP 10.00 fee.
The Securities and Exchange Commission (SEC) has streamlined the registration process for power generation companies and distribution utilities seeking fresh funds through the public offering of securities.
Finance Secretary Ralph G. Recto has urged the Philippine Stock Exchange (PSE) to work with the government in transforming the country’s capital market as a vehicle for ordinary Filipinos to become shareholders in the nation’s growth.
The Bureau of the Treasury (BTr) officially concluded the offer period for the 30th tranche of Retail Treasury Bonds (RTB 30) on 23 February 2024. The offer period ran from February 13 to 23, 2024.
Corporations may now file amendments to their articles of incorporation (AoI) or by-laws online, as the Securities and Exchange Commission (SEC) continues to launch new digital systems that will streamline and automate its processes.
PEZA Reported a Total of PHP 12.096 Billion in Investments in the First Two Months of 20242/20/2024 The Philippine Economic Zone Authority (PEZA) reported a total of PhP 12.096 billion in investments in the first two months of 2024, marking an 18.66% surge compared to the same period last year.
Starting March 15, 2024, Green Satoshi Token (GST) will no longer be available on the PDAX platform, as the company announced on February 16, 2024.
According to top officials, the Pag-IBIG Fund released a record-breaking P126.04 billion in house loans to finance the housing units of 96,848 members in 2023.
Philippine Stock Exchange to Launch Volume Weighted Average Price (VWAP) Trading on March 1, 20242/16/2024 The Philippine Stock Exchange, Inc. (PSE) will begin trading Volume Weighted Average Price (VWAP) on March 1, 2024.
The Department of Finance (DOF) has presented its refined proposal on Package 4 of the Comprehensive Tax Reform Program (CTRP)—a measure recalibrated by Finance Secretary Ralph Recto during his first week in office—to the Senate Committee on Ways and Means on February 12, 2024.
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