Published February 17, 2021, 6:00 AM
The Securities and Exchange Commission (SEC) again warns the public against individuals and groups engaged in unauthorized investment-taking activities disguised as cryptocurrency trading and franchising.
In separate advisories issued on February 9, the Commission advised the public to exercise caution when dealing with Jams Mart, Solmax Global Limited and Igniter 100, as well as BitAccelerate.
It said all three groups have not secured the necessary licenses to offer securities for sale within the Philippines, as required under the Securities Regulation Code.
The SEC warned all individuals or entities involved in the unauthorized investment-taking activities of the strict penalties provided under the Securities Regulation Code, and other laws, rules and regulations enforced by the Commission.
Published February 17, 2021, 5:30 AM
San Miguel Corporation (SMC) announced that it has distributed over 70,000 “nutribuns” to poor communities as part of its ongoing efforts to provide food aid for Filipinos struggling to cope with the impact of the pandemic.
“It’s been almost a year since the pandemic started, and while we have made a lot of headway in terms of addressing the spread of the COVID-19 virus, its economic impact continues to be felt today by almost all sectors of society, particularly the vulnerable,” said SMC President Ramon S. Ang.
He noted that, “Access to food and basic nutrition is still an issue, especially for our poorest families. This is why we have continued our nutribun distribution program which we started September last year to this day.
Published February 8, 2021, 3:00 PM
SL Agritech Corporation (SLAC), the leading producer of hybrid rice seeds and premium rice in the Philippines, has been assigned a high issuer credit rating of PRS Aa (corp.), with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings).
PhilRatings said the rating was given in relation to the company’s commercial paper (CP) issuance of up to P2.0 billion.
The proceeds will be used to pay the company’s short-term obligations, and to purchase rice and seed inventories from its contract growers.
An issuer credit rating is an opinion on the general and overall creditworthiness of the issuer, evaluating its ability to meet all its financial obligations within a time horizon of one year.
Published February 5, 2021, 5:00 AM
The Ayala group of companies bagged top accolades at the 2019 ASEAN Corporate Governance Scorecard Awards held by the Securities and Exchange Commission and the Institute of Corporate Directors.
Ayala Corporation, Bank of the Philippine Islands, Ayala Land, Inc., and Globe Telecom were hailed ASEAN Asset Class Awardees after scoring at least 97.5 points.
Last October, the London-based Ethical Boardroom also named Ayala Corporation and Globe as Best Corporate Governance awardees in Asia and Australasia.
In addition, Ayala Land, Inc. and Globe Telecom were named two of the top three publicly-listed companies in the Philippines. Both companies have also made it to ASEAN’s top 20 list.
Published February 4, 2021, 5:30 AM
BDO Unibank, Inc. and De La Salle University (DLSU) have recently signed an agreement for Bills Payment Service to give DLSU students more options to pay their tuition and other school fees during the pandemic and beyond.
“Online payment methods have become indispensable for our revenue collection processes. With BDO’s Bills Payment, our students or their parents can pay tuition and other fees online from anywhere and at any time,” DLSU Chief Finance Officer Ramon Trajano said.
BDO offers various channels for their Bills Payment Service that allow customers to pay anytime they want and anywhere they are.