Corporate
“Ph owns one of the world’s best company registration systems”
The Philippines is recognized as having one of the best company registration systems in the world, owing to the digital innovations adopted by the Securities and Exchange Commission in its Electronic Simplified Processing of Application for Registration of Company (eSPARC) program.
Phoenix Petroleum divesting from Singapore trading unit
Phoenix Petroleum Philippines Inc., a listed oil company, said Monday it is divesting from its Singapore-based oil trading arm, PNX Petroleum Singapore Pte Ltd.
DITO raises P3.3B via shares sale; Udenna unloads 500M DITO shares
DITO CME Holdings Inc. said Monday it raised P3.3 billion from the private placement new shares with Summit Telco Holdings Corp., a Philippine-registered company wholly-owned by Singapore-headquartered Summit Telco Corp Pte Ltd, an existing shareholder of the listed telecommunications venture of Davao-based businessman Dennis Uy.ok
SEC bares recalcitrant corporations list for the nth time
The Securities and Exchange Commission has released a list of 22,403 corporation that to this day obstinately refuse to submit a simple piece of paper regulators call the general information sheet or GIS.
PSE to formally start short selling on Nov 6
The launch of the short selling program at the local bourse has been deferred for two weeks to give market participants more time to prepare and comply with securities borrowing and lending and short selling requirements.
