SEC seeks to tighten rules on sale of corporate assets
THE Securities and Exchange Commission (SEC) is proposing that companies selling at least 51% of its assets should require the approval of at least two-thirds of its stockholders.
PHL may benefit as firms look into reducing ‘overdependence’ on China
THE Philippines may potentially attract manufacturers who are seeking to set up shop outside of China — the epicenter of the on-going coronavirus disease (COVID-19) outbreak.
DoH ready to repatriate Pinoys on virus-stricken cruise ship
THE Department of Health (DoH) said on Friday that repatriation measures are ready as they expect at least 460 Filipinos who had been quarantined for the Coronavirus Disease 2019 (COVID-19) on board cruise ship MV Diamond Princess to come home on Sunday.
Probable cause found vs Garin, Sanofi in Dengvaxia case
THE Department of Justice (DoJ) has found probably cause to indict former Health Secretary Janette L. Garin and other officials along with pharmaceutical company Sanofi Pasteur, Inc. (Sanofi) for reckless imprudence resulting in homicide over the purchase and use of the anti-dengue vaccine Dengvaxia.
SC orders judges to submit copies of TROs, other injunctions
CHIEF Justice Diosdado M. Peralta has required all justices of the Court of Appeals (CA), Sandiganbayan, and Court of Tax Appeals (CTA), as well as trial court judges, to submit to the Office of the Chief Justice (OCJ) copies of temporary restraining orders (TROs), status quo ante orders (SQAs), and writs of preliminary injunction (WPIs), and orders of voluntary inhibition which they have issued.
CDA says cooperatives audited ‘correctly’
THE REGULATOR of the country’s cooperatives has dissolved more than 9,000 entities for non-compliance and is asking the Bureau of Internal Revenue (BIR) to “trust” its governance after the latter formally conducted its own audit on these firms’ tax compliance.
NLEX Harbor Link Malabon Exit now open
THE NLEX Harbor Link Malabon Exit was opened on Friday, which aims to address traffic in northern Metro Manila.
BIR catches errant online casino on second try
PHILIPPINE authorities trooped to an office building in the capital to shut an online casino for tax evasion, only to be surprised to find the company wasn’t there.
Ayala Land raise P10B via retail bond issuance
AYALA LAND, Inc. (ALI) is planning to issue P10-billion retail bonds to raise funds for general corporate use and repayment of maturing loans.
Basic Energy withdraws from 3 projects
BASIC ENERGY Corp. on Friday said it is withdrawing from three geothermal and natural gas exploration projects.
Peso weakens as virus continues to spread
THE PESO weakened versus the dollar on Friday due to market jitters as more coronavirus disease (COVID-19) infections were reported outside China and following the balance of payments (BoP) deficit logged in January.
PSE index falls back to 7,300 level
THE main index returned to red territory on Friday, dropping to the 7,300 level on the back of a technical pullback.