Banking & Insurance
SEC ups anti-fraud stance in lock step with new technologies
The Securities and Exchange Commission (SEC) is beefing up its enforcement capabilities by collaborating with global organizations to fortify its capacity to protect the public from securities fraud and other forms of investment scams.
Six-month BOP ends as surplus of $2.3B
The Philippines generated far more revenue than expense in the first six months this year as the country’s balance of payments (BOP) reverted into surplus of $2.3 billion from last year’s deficit of $3.1 billion.
BTr seeks to raise P45B in T-bills, bonds sale
The Bureau of the Treasury seeks to raise P45 billion for budget support through the auction of Treasury bills and bonds next week in the face of inflation concerns due to rising cost of food and fuel.
BSP chief swears in new MB member Bernardo
Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has administered the oath of office to new member of the Monetary Board (MBM) Romeo L. Bernardo in a ceremony held on Thursday at the BSP head office in Manila. MBM Bernardo will have a six-year term starting 14 September 2023.
SEC identifies Melon Plus, Mono Mall as pyramiding fraudsters
There is no doubt that Melon Plus/Primelogix Marketing Inc. is a pyramid scheme. There is also not doubt that Mono Mall has forged its certificate of incorporation that the Securities and Exchange Commission has labelled as fake.
