Personal Development, Business, Finance, and Investing for Everyone
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SeedIn Technology, Inc. (SeedIn), a fintech company duly licensed by the Securities and Exchange Commission to act as a crowdfunding intermediary and to operate a crowdfunding portal that provides more funding options to the country's small, medium, and emerging enterprises (SME), released an official statement about a recently discovered possible and apparent fraudulent act committed by its former President, Mr. Edison Tsai, that adversely affects or is likely to adversely affect its ability to meet its obligations. SeedIn stated to the SEC that it is looking into the problem and will offer more information as soon as possible.
The PhilID issued by the Philippine Identification System (PhilSys) has been recognized as the Best New National ID Card by a global consultancy firm.
The Securities and Exchange Commission (SEC) is making it easier for corporations to comply with their reportorial requirements by integrating certain reportorial requirements with the registration process and providing for the automatic enrollment of newly registered corporations in the Commission’s online submission portal.
The Securities and Exchange Commission (SEC) has considered favorably the public offerings by Filinvest Development Corporation (FDC) and Dagupan Electric Corporation.
Philippine Board of Investments Records Highest-Ever Investment Approval: Php 1.16 Trillion for 2023
As of December 18, 2023, the country’s premier industry development and investment promotion agency had already recorded Php1.16 trillion (Tn) in investment approvals—the highest-ever level in the agency’s 56-year history. This surpasses the previous record of Php 1.14 trillion generated in 2019 and is already 59 percent higher than last year’s Php 729.1 billion (Bn) level. This also marks the third time in four (4) years the BOI has surpassed the trillion-peso mark in investment approvals. Notably, the agency recorded Php1.02Tn in 2020, overcoming the challenges posed by the COVID-19 pandemic. 2023’s Php1.16Tn comes from a total of 303 projects that will generate 47,195 jobs.
The PhillDs and ePhillDs issued by the Philippine Statistics Authority (PSA) through the Philippine ldentification System (PhilSys) continue to prove its functionality in financial transactions as data from a mobile wallet service showed that the national lD is the most presented valid lD for account verffication.
Masterminds of Kapa Community Ministry International, Inc. (KAPA), touted as the largest investment scam in Philippine history, have been sentenced to suffer the penalty of life imprisonment for syndicated estafa, following a case build-up by the Securities and Exchange Commission (SEC) over its illegal investment-taking activities.
The Securities and Exchange Commission (SEC) has approved the application of The Philippine Stock Exchange, Inc. (PSE) for exemptive relief in its acquisition of additional shares in the Philippine Dealing System Holdings Corporation (PDS Group).
The BSP has maintained the moratorium on InstaPay and PESONet fees, according to Monetary Board Resolution No. 1599 dated 7 December 2023.
The Securities and Exchange Commission (SEC) successfully introduced the capital market as an accessible funding source for small businesses during its year-long nationwide roadshow, generating millions in capital for hundreds of small businesses.
In a PSE Memorandum CN No. 2023-0069, dated December 18, 2023, The Philippine Stock Exchange, Inc. (“PSE” or “Exchange”) received reports of a fraudulent blockchain solicitation scheme using an alleged PSE account in Lazada that bears the logo of the Exchange and acronym, PSE. The scheme lures potential investors to register and create an account through the website “https://ealink06.top/h5/#/.”.
The Securities and Exchange Commission (SEC) has capped its nationwide roadshow pitching the capital market as an accessible funding source for small businesses and startups for the year.
The Securities and Exchange Commission (SEC) warns the public against dealing with persons representing themselves as employees of, or connected with, the Commission and offering procurement contracts for a fee.
Commemorating the listing of the Republic of the Philippines’ (the “Republic”) 5.5-Year Dollar Sukuk in Nasdaq Dubai on December 8, 2023, Secretary of Finance Benjamin E. Diokno and Nasdaq Dubai and Dubai Financial Market (DFM) CEO Hamed Ali rang the market opening bell at the Nasdaq Dubai MarketSite.
The Securities and Exchange Commission (SEC) is encouraging non-compliant and suspended or revoked corporations to start 2024 with a clean slate by availing of the amnesty before the year ends.
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.