Tag: SEC

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Cebu Landmsters fined over asset reclassification error

Cebu Landmasters Inc. (CLI) said Tuesday it has been assessed a penalty by the Office of the General Accountant (OGA) of the Securities and Exchange Commission (SEC) due to an error in the reclassification of assets.

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Security Bank profit rises amid higher provisions

Security Bank Corp. posted stronger first-quarter earnings as higher revenues and tighter cost controls boosted core profitability, even as the lender increased provisions to cushion against evolving market risks.

PLDT profit up in Q1 as data fuels growth

PLDT Inc. posted a modest earnings increase in the first quarter of 2026 and signaled disciplined spending for the year, as strong demand for data, broadband, and enterprise digital services offset lingering weakness in legacy businesses.

Goldilocks shifts Cebu plant to solar power

Goldilocks Bakeshop has partnered with First Gen to operate a new solar power facility for its production plant in Lapu-Lapu City, Cebu, marking a major step in the bakery chain’s sustainability efforts.

Gov’t sets ₱50/kg cap on imported rice amid rising inflation

The government is ready to immediately enforce a ₱50-per-kilo price cap on imported rice to help ease the burden of rising food prices on Filipino consumers, the Department of Agriculture (DA) said.

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