Philippines (National)
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Vg Cabuag's coverage primarily focuses on legal and compliance, business & industry, and real estate. The articles he covers are largely announcements, press releases, and expert commentary related to businesses, investments, companies' activities, SEC (Securities and Exchange Commission), and the real estate industry.
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The Securities and Exchange Commission (SEC) said it has adopted the latest financial reporting pronouncements to keep the country’s financial reporting framework aligned with evolving accounting and sustainability reporting requirements. In a memorandum circular, the SEC said it will observe the new and amended Philippine Financial Reporting Standards (PFRS) and…
SM Investments Corp. (SMIC), the holding firm of the businesses of the Sy family, said it remains on track to reduce greenhouse gas (GHG) emissions by 40 percent by 2040, supported by investments in renewable energy, energy efficiency and other initiatives across its businesses. Across the group, SMIC has installed…
Arthaland Corp., the property development firm led by the Po family, on Tuesday said it was fined by the Securities and Exchange Commission (SEC) some P746,616 for violation of the Revised Securities Regulation Code (SRC). The company said it was penalized for violation of Rule 68 of the SRC, having…
Po-led Century Pacific Food Inc. (CNPF) on Wednesday said it recovered the equivalent of 8 billion sachets worth of plastic waste, preventing this garbage from leaking into the environment. The company said this means that it has “effectively recovered” all of its flexible plastic packaging waste footprint using an offset…
Artificial intelligence (AI) is increasingly shaping the office rental market, at least in the National Capital Region (NCR), as companies mull over their office space requirements. Joey Radovan, country head of property consultant Jones Lang LaSalle Philippines Inc. (JLL), said it saw a slowdown in terms of activity during the…
Aboitiz Equity Ventures Inc., (AEV) the listed holding company of the Aboitiz Group, on Thursday said its income jumped 62 percent to P13.6 billion in the first half from the previous year’s P8.38 billion, mainly on the recovery of its power business. For the second quarter alone, the company said…
The Securities and Exchange Commission (SEC) has advised micro, small and medium enterprises (MSMEs) to incorporate their businesses so they can unlock fundraising opportunities in the capital market toward sustainable long-term growth. “Every large corporation was once a small business… So, never underestimate where you are today. The next great…
A month after major banks and e-wallets in the Philippines slashed interbank fees, two major payment networks and a lender announced that they are bringing “Apple Pay” to their customers in the Philippines—the digital wallet service by Apple Inc. which can process contactless payments using devices sold by the Cupertino, California-headquartered firm.
State-owned pension Social Security System (SSS) on Wednesday has acquired additional common shares in property developer Century Properties Group Inc. (CPG). CPG said in its disclosure that the pension fund for private companies increased its ownership to 9.9 percent from the previous 6.4 percent. The company said it sold to…
PORTS and gaming tycoon Enrique K. Razon Jr. is now the country’s richest person, according to Forbes Asia, which tallied fortunes using shareholding and financial information obtained from the families and individuals as well as stock exchanges, analysts and other sources. Razon, who was already the country’s second richest person…
