Arthaland Corp., the property development company led by the Po family, said it has secured the permit to sell its P3-billion Asean Green Bonds from the Securities and Exchange Commission (SEC). The company’s Asean Green Bonds, some P2 billion of which is its primary offering and P1 billion is for oversubscription option, carry a coupon rate of 6.3517 percent per annum payable quarterly i...
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The Securities and Exchange Commission (SEC) is lowering the minimum public ownership requirement for firms seeking to enlist using the Real Estate Investment Trust (REIT) framework in the proposed amendments to the law’s implementing rules and regulations (IRR). Among other changes to the IRR of Republic Act 9856, or the REIT Act of 2009 released for public comment, the SEC relaxed the p...
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The Securities and Exchange Commission has ordered Scentko World Corp. and its parent firm Brendahl Cruz Holdings Inc. to stop what the corporate regulator deemed as illegal solicitation of investments in the guise of marketing perfume and cosmetics. Under a “buy and earn” investment scheme, Scentkoworld entices the public to buy perfume and beauty products in exchange for &ldq...
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CEBU CITY – The Bangko Sentral ng Pilipinas (BSP) on Friday said it has been working closely with the Securities and Exchange Commission (SEC) in crafting a clear-cut policy against lenders who are offering loans using social media as a platform. Lawyer Elmore Capule, senior assistant governor and general counsel of BSP, said the central monetary board received information on individ...
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