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At least 14 major intersections in Mandaue city will be installed with high-end traffic lights next month. They will be placed in intersections like highway Seno, Plaridel, SB Cabahug, AC Cortes, Cebu Doctors University, and UN Avenue, said Mandaue City Administrator James Abadia.

Posted: December 13th, 2012 in CDN - News,Cebu Daily News | Read More »

State regulators under fire for investment scam

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SEC chairperson Teresita Herbosa said the SEC had issued an advisory warning prospective investors against Aman Futures. But she explained that the firm also had to be given “the opportunity to be heard.”  Photo from http://www.sec.gov.ph

State regulators and law enforcers on Tuesday found themselves in the hot seat at the House of Representatives investigation into the P12-billion investment scam that victimized an estimated 15,000 people in Mindanao and the Visayas.

Posted: December 5th, 2012 in Editors' Picks,Headlines,Nation | Read More »

CA stops SEC order vs sale of John Hay units by firm

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The Court of Appeals (CA) has stopped the Securities and Exchange Commission (SEC) from enforcing the cease-and-desist order (CDO) it issued against Camp John Hay Development Corp. (CJHDevCo) which prevented it from selling limited warranty deeds and signing leaseback agreements to buyers of units at The Manor and Forest Lodge in Baguio City.

Posted: September 29th, 2012 in Headlines,Regions | Read More »

SEC chief single ‘by accident’

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SEC chairperson Teresita Herbosa said the SEC had issued an advisory warning prospective investors against Aman Futures. But she explained that the firm also had to be given “the opportunity to be heard.”  Photo from http://www.sec.gov.ph

Securities and Exchange Commission chair Teresita Herbosa, a candidate for next Chief Justice, has this advice to all ladies especially those who are still single: Be independent.

Posted: July 27th, 2012 in Latest News Stories,Nation | Read More »

SEC seeks raps vs Nomad Sports Club

nomad-sports-club

The Securities and Exchange Commission (SEC) has asked the Department of Justice (DOJ) to order the filing of a criminal case against officials of an exclusive sports club in Parañaque City for allegedly unlawfully selling shares of stock.

Posted: July 16th, 2012 in Latest News Stories,Nation | Read More »

Cebu trader’s case vs foreign execs of club gets backing

A Cebu-based businessman has gotten the backing of the government’s securities regulation agency in his fight against the alleged illegal sale of shares in a sports club run mostly by foreigners.

Posted: July 15th, 2012 in Headlines,Regions | Read More »

New Neda, SEC officials named

Deputy press spokesperson Abigail Valte. INQUIRER FILE PHOTO

President Benigno Aquino has appointed UP School of Economics professor Emmanuel Esguerra as acting Deputy Director General of the National Economic and Development Authority (Neda) and former SGV& Co. chairman David L. Balangue as commissioner of the Securities and Exchange Commission (SEC).

Posted: July 10th, 2012 in Latest News Stories,Nation | Read More »

SEC: Ongpin probed for insider trade

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Businessman Roberto Ongpin. INQUIRER file photo

A letter from the Securities and Exchange Commission (SEC) detailed the circumstances that could prove that businessman Roberto “Bobby” Ongpin might have engaged in insider trading when he bought Philex Mining shares, a few days before he sold a big block of Philex shares to tycoon Manuel Pangilinan at an agreed price.

Posted: December 7th, 2011 in Headlines,Nation | Read More »

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