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CHED eyes targeted lifting of moratorium on opening of new Nursing programs – Manila Bulletin
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SEC exempts more entities from registering securities
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(MANILA BULLETIN)
This after CHED certified the compliance of Mindoro State College of Agriculture and Technology (MinSCAT) with the requirements for its conversion into MinSU by virtue of Republic Act No. 10596.
CHED Chairman J. Prospero De Vera III said that MinSCAT has “successfully passed through a series of rigorous evaluations and assessments” conducted by the Commission.
De Vera added that MinSCAT “has fully complied with the criteria for conversion in the areas of faculty qualification, libraries and laboratories, research capability, linkages and extension services, accreditation of its degree programs, and other academic policies, systems and procedures.”
MinSCAT, with campuses in the Municipalities of Victoria (main), Calapan and Bongabong, all in the Province of Oriental Mindoro is the first state college in the Island of Mindoro to have been converted into a state university.
SunStar
+ April 10, 2021 THE Court of Appeals (CA) has upheld the order of the Securities and Exchange Commission (SEC) revoking the certificate of incorporation of Kapa Community Minis try International for its fraudulent investment taking activities.
In an 18 page decision dated March 11, 2021, the CA Special 16th Division held that the SEC validly acquired exclusive jurisdiction over the petition for the revocation of Kapa’s incorporation, heard the petition with due process and subsequently rendered the assailed decision upon solid ground and substantial evidence.
The Commission En Banc issued the order of revocation on April 3, 2019 after finding that Kapa had offered and sold securities in the form of investment contracts and in the guise of donations without the necessary license from the SEC and in a manner resembling a Ponzi scheme.
BusinessWorld
February 25, 2021 | 12:07 am
THE Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp.âs bond offering and has greenlit Allied Care Experts (ACE) Medical Center-Palawan, Inc.âs initial public offering (IPO).
âIn its meeting on February 23, the Commission En Banc resolved to render effective the respective registration statements of AboitizPower for the issuance of fixed-rate bonds worth up to P30 billion and of ACE Medical Center-Palawan for the initial public offering of shares worth about P1 billion, subject to certain remaining requirements,â the SEC said in a statement.
The commission granted AboitizPower permission to issue the securities in one or more series in the next three years. The company plans to offer up to P4-billion fixed-rate bonds due in 2026, to be listed on the Philippine Dealing & Exchange Corp.
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