Philippine Information Agency Central Visayas

  TAGBILARAN CITY, Bohol (PIA) -- Ang kamahinungdanon sa pagsuporta sa mga  micro, small and medium enterprises (MSMEs)  ug mga  startup  sa pag-akses sa mga merkado sa kapital, nga nagtumbok kanila isip nag-unang prayoridad sa administrasyong Marcos, gipasiugda atol sa  Tagbilaran City leg sa Securities and Exchange Commission (SEC) Roadshow on Capital Formation  alang sa mga  MSME ug mga startup. “We are one with President Ferdinand Marcos Jr. in recognizing that MSMEs are the backbone of a resilient national economy,"  matud pa ni  SEC Commissioner Karlo Bello  atol sa kalihokan nga gipahigayon niadtong Marso 7 sa  Bohol Tropics  sa syudad sa Tagbilaran. (Kauban kami ni Presidente Ferdinand Marcos Jr. sa pag-ila nga ang MSMEs mao ang backbone sa usa ka lig-on nga nasudnong ekonomiya.)  Si Bello miingon nga ang SEC moadto sa lain-laing mga rehiyon aron mapaduol ang ilang mga serbisyo ngadto sa katawhan pinaagi sa pa...

  TAGBILARAN CITY, Bohol (PIA) -- Gihingosgan sa  Securities and Exchange Commission (SEC)  ang mga inisyatiba niini aron ipasiugda ang paggamit sa  capital markets  isip usa ka dali nga gigikanan sa pondo alang sa gagmay nga mga negosyo pinaagi sa pagpahigayon sa usa ka  roadshow. Gipahigayon sa SEC ang ilang  roadshow  kabahin sa  capital formation  alang sa mga  micro, small and medium enterprises (MSMEs)  ug startups niadtong Marso 7, 2024 sa syudad sa Tagbilaran. Subay sa tumong sa nasudnong kagamhanan ngadto sa pinansyal nga paglakip, kini nga serye sa mga  roadshow  nagpasiugda ug nagpataas sa kahibalo sa alternatibong mga  opsyon sa financing  nga anaa alang sa mga MSME ug mga  startup  pinaagi sa  capital market. Isip resulta sa serye sa mga roadshow bahin sa  capital formation  alang sa mga  MSMEs ug start-ups n ga nagsugod niadtong 2023, ang SEC nakahimo sa pagdasig s...

  SEC Commissioner Karlo Bello giving his message during the SEC Roadshow on Capital Formation for MSMEs and startups in Tagbilaran City. The roadshow aims to link small businesses to possible funders that will allow them to grow. (ECB/PIA7 Bohol) TAGBILARAN CITY, Bohol (PIA) -- The importance of supporting micro, small and medium enterprises (MSMEs) and startups in accessing capital markets, citing them as a top priority of the Marcos administration, was highlighted during the Tagbilaran City leg of the Securities and Exchange Commission (SEC) Roadshow on Capital Formation for MSMEs and startups. “We are one with President Ferdinand Marcos Jr. in recognizing that MSMEs are the backbone of a resilient national economy,” SEC Commissioner Karlo Bello said during the event held on March 7 at the Bohol Tropics in Tagbilaran City. Bello said SEC is moving to different regions to bring services closer to the people by promoting the thrust towards financial institution. The SEC roads...

  TAGBILARAN CITY, Bohol, Nov. 9 (PIA) -- Gipalig-on sa  Department of the Interior and Local Government (DILG)  ug ang  Securities and Exchange Commission (SEC)  ang ilang tinabangay sa pakigbatok sa  online scams. Kini dihan nga si DILG Kalihim Benjamin Abalos Jr. ug SEC chairperson Emilio Aquino milagda og  memorandum of agreement  alang sa maong lakang sa  SEC main office  sa syudad sa Makati niadtong Nobyembre 7, ang DILG nipahibalo niadtong Miyerkules. Ubos sa kasabotan, suportahan sa DILG ang kampanya sa SEC batok sa  financial scams,  partikular na ang  Anti-Scam and Illegal Taking of Investments Group (ASTIG ) sa ahensya. Si Abalos nagkanayon nga kini nga panagtambayayong tukma sa panahon tungod kay kinahanglan nga itudlo sa publiko ang kabahin sa paspas nga pagdaghan sa hulga sa mga pagpanglimbong sa pamuhonan. Sa pagkutlo sa datos gikan sa  Philippine National Police-Anti Cybercrime Group (PNP-ACG),  a...

  CEBU CITY, Cebu, October 26 (PIA) -- The Securities and Exchange Commission (SEC) has urged non-compliant corporations to avail of the amnesty program to avoid heavier monetary fines and penalties for the non-submission of reportorial requirements. The SEC Amnesty Program is a facility that allows delinquent corporations and other covered entities to submit their requirements within the required period before higher fees and penalties come in. Through the amnesty program, corporations will have a form of reprieve from the bigger fines due to late and non-filing of requirements, such as their General Information Sheet (GIS) and Annual Financial Statement (AFS). The program can also be availed of by those suspended or revoked corporations with no Memorandum Circular (MC) No. 28 compliance and corporations whose only violation is non-compliance with Memorandum Circular No.28, Series of 2020. According to the SEC, all corporations - both domestic and foreign - including foundations a...

  CEBU CITY, Cebu, July 17 (PIA) -- The Securities and Exchange Commission (SEC) has extended the deadline for amnesty applications for late and non-filing of annual financial statements (AFS), general information sheets (GIS), and official contact details. The deadline for all amnesty applications is now set to Sept. 30, as provided under SEC Memorandum Circular No. 9, Series of 2023, issued on June 30. The amnesty program is part of the Commission’s efforts to encourage its supervised entities to comply with their reportorial requirements under Republic Act No. 11232, or the Revised Corporation Code of the Philippines. The Commission is also streamlining amnesty applications by implementing a Unified Amnesty Application Form, a web-based form available on the Electronic Filing and Submission Tool that will allow eligible companies to express their concurrence and/or consent to certain amnesty process conditions. The Unified Amnesty Application Form replaces the notarized Expressi...

  CEBU CITY, Cebu, March 17 (PIA) -- SEC-licensed crowdfunding intermediaries have encouraged micro, small, and medium enterprises, as well as start-ups businesses, to utilize the means of crowdfunding as a financing alternative for raising capital needed for business formation and operational expansion. These crowdfunding intermediaries offer various capital-based products and services that aim to assist businesses in forming capital and expanding their operations. During the SEC Roadshow on Capital Formation held in Cebu City on March 17, executives from Investree Philippines, Seedin Technology, Inc., and Eastern Securities Development Corporation (Round One) presented their respective crowdfunding platforms as a capital-raising tool for businesses. They also conducted personalized consultations with the MSMEs' owners who attended the activity regarding the financing processes and other relevant investment information. According to the SEC, as of December 2022, there were over 20...

  CEBU CITY, Cebu, March 17 (PIA) -- The Securities and Exchange Commission (SEC), along with the various licensed crowdfunding intermediaries, conducted a roadshow on capital formation for micro, small, and medium enterprises (MSMEs) and start-ups in Cebu City on March 17. The activity highlighted the importance of capital markets and provided opportunities that seek to help MSMEs and start-ups raise funds for business expansion through the use of crowdfunding as a financing option. The process of crowdfunding enables start-ups and other businesses to source capital from a large number of individuals through online platforms where they offer equity or rewards in exchange for an individual's contribution. In his keynote speech, SEC Commissioner Karlo Bello recognized the need to broaden the financing instruments available for MSMEs. "This government recognizes that MSMEs are the backbone of a resilient economy due to their nature of stimulating domestic demand through job crea...

The Securities and Exchange Commission (SEC) is moving forward its crackdown on unauthorized and abusive online lending activities, starting this year’s campaign with several individuals operating unregistered online lending applications. In a joint operation on Feb. 12, the combined forces of the SEC Enforcement and Investor Protection Department (EIPD) and the Philippine National Police Anti-Cybercrime Group (PNP-ACG) successfully implemented a warrant to search, seize and examine computer data in Cashtrees Lending Corporation’s office in Pasig City. The Manila Regional Trial Court Branch 46 issued the search warrant against Cashtrees Lending for misuse of device penalized under Section 4(a)(5)(i)(ii) of Republic Act No. 10275, or the Cybercrime Prevention Act of 2012, in operating unregistered online lending applications in violation of Republic Act No. 9474, or the Lending Company Regulation Act (LCRA). The onsite digital forensic examination on the seized devices showed that the e...

  The Securities and Exchange Commission (SEC) has accelerated the implementation of its digitalization reforms under the Duterte administration to further improve the ease of doing business in the country and spur the growth of domestic enterprises through initiatives that allow companies to register, file their reportorial requirements and pay transaction fees online. In a report to Finance Secretary Carlos Dominguez III, SEC Chairman Emilio Aquino said among the commission's latest digital transformation initiatives are the Electronic Simplified Processing of Application for Registration of Company (eSPARC) that was launched last April and that has so far processed 26,875 applications of business registration online. Such online applications are completed in just one day and as fast as less than 2 minutes under eSPARC, Aquino said. Aquino said the fastest time recorded for processing an eSPARC application after the payment of the registration fee have been made was 1 minute, 14 ...

  The Securities and Exchange Commission (SEC) has ordered R.L. Aggregates and Diversified Lending Group, Inc. to stop soliciting investments from the public through a fraudulent scheme that involves the use of falsified registration documents.   In an order issued July 27, the SEC ordered R.L. Aggregates to immediately cease and desist from engaging in the unauthorized solicitation, offer and/or sale of securities in the form of investment contracts until the requisite registration statement is duly filed with and approved by the Commission.   The SEC further enjoined the company to cease its internet presence relating to the transactions and investment scheme covered by the order.   The company, along with its operators, directors, officers, representatives, salesmen, and agents, has likewise been prohibited from transacting any business involving funds in its depository banks, and from transferring, disposing, or conveying in any manner, any related asse...