Personal Development, Business, Finance, and Investing for Everyone
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The Insurance Commission (IC) and the Integrated Bar of the Philippines (IBP) signed a Memorandum of Agreement (MOA) to provide free legal assistance to the insuring public when filing a claim or complaint arising from insurance, pre-need and health maintenance organization (HMO) products.
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The Securities and Exchange Commission (SEC) has removed the minimum amount of commission that stockbrokers may charge their customers, as it seeks to spur activity in the Philippine Stock Exchange (PSE).
Has there been a compelling investment opportunity presented? Since online investments have gained popularity, eager would-be investors should be cautious since the number of related scams is also increasing.
The Philippine Stock Exchange, Inc. (PSE) has added new capabilities to its PSE Electronic Allocation System (PSE EASy) platform, which allows Local Small Investors (LSIs) to participate in initial public offers (IPOs) and follow-on offerings (FOOs). PSE EASy now includes an integrated electronic payment system, allowing LSIs to pay for subscribed shares through online banking.
The Department of Finance (DOF) presented to industry stakeholders a win-win solution to address climate change with its proposal to impose an excise tax on single-use plastic bags (SUPs).
The Securities and Exchange Commission (SEC) has started imposing higher fines and penalties for the late and non-filing of reportorial requirements by corporations.
The Securities and Exchange Commission (SEC) has proceeded with the blocking of the online presence of cryptocurrency giant Binance in the Philippines.
The Insurance Commission has doubled the benefits that may be claimed by third parties under the compulsory motor vehicle liability insurance (CMVLI).
Total premium income collected by pre-need companies amounted to P22.73 billion as of the as of year-end of 2023. This is a 7.30% increase from the P21.18 billion premiums collected in 2022.
The Department of Finance (DOF) engaged finance sector stakeholders in a briefing on March 1, 2024 on the proposed Package 4 of the Comprehensive Tax Reform Program (CTRP) that will simplify the tax structure on passive income and certain instruments and other financial products.
The Bangko Sentral ng Pilipinas (BSP) has directed banks and other BSP-supervised financial institutions (BSFIs) to place the Philippine identification card (PhilID) at the top of the list of acceptable valid IDs, being the official government-issued ID.
The Securities and Exchange Commission (SEC) has considered favorably the initial public offering (IPO) of common shares in OceanaGold (Philippines), Inc. for up to P7.88 billion.
The Japan-based debt watcher highlighted the country’s high and sustained economic growth supported by solid domestic demand, resilience to external shocks with its low-level external debt and accumulated foreign exchange reserves, and its solid fiscal base as credit strengths.
The National Telecommunications Commission (NTC) has ordered all internet service providers to immediately block the website of OctaFX for the protection of the investing public, as requested by the Securities and Exchange Commission (SEC).
The National Telecommunications Commission (NTC) has initiated the blocking of websites and apps offering investment opportunities without the necessary license, upon the request of the Securities and Exchange Commission (SEC).
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