Monday, 19 February 2018
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philippines - Corporate & Commercial - Notices & Directives

SEC Memorandum Circular prescribing a Website Template for all Publicly-Listed Companies

This Memorandum Circular directs all Companies applying for registration of its securities for listing to comply with the Securities and Exchange Commission (SEC)- prescribed website template as one of the requirements before the Registration Statement is rendered effective and to those Companies listed before the issuance of this Me ...
Date: 22 January 2018; Type: Circular; Source: Securities and Exchange Commission

Integrated Annual Corporate Governance Report

SEC Memorandum Circular No. 15; Series of 2017
Date: 15 December 2017; Type: Circular; Source: Securities and Exchange Commission

Request for Comments on the Proposed Rules and Regulations governing Crowdfunding

The Commission is soliciting comments from market participants and interested parties on the proposed CF Rules. Parties are encouraged to indicate the specific section and provision in the CF Rules to which their comments pertain.
Date: 29 November 2017; Type: Circular; Source: Securities and Exchange Commission

Clarification of the Three-Year Consecutive Microfinance Operations Requirement

For accrediting a newly registered MF-NGO which is a spin-off of an old one, the length of microfinance operations of the old entity shall be added in the computation to determine if the requirement of three (3) consecutive years of microfinance operations is met. Memorandum Circular No. 2; Series of 2017
Date: 29 November 2017; Type: Circular; Source: Securities and Exchange Commission

Rules and Regulations on Minimum Public Ownership on Initial Public Offerings

These Rules shall apply to any company applying for the registration of its shares of stocks for the purpose of conducting an initial public offering. SEC Memorandum Circular No. 13; Series of 2017.
Date: 28 November 2017; Type: Rule; Source: Securities and Exchange Commission

Rules and Regulations Governing Crowdfunding

This Securities Exchange Commission (SEC) Memorandum Circular authorizes the Commission to issue, amend and rescind rules and regulations as may be necessary or appropriate, including rules and regulations defining accounting, technical, and trade terms used in the SRC, and prescribe forms in which information shall be set forth in registratio ...
Date: 29 November 2017; Type: Circular; Source: Securities and Exchange Commission

Revised Implementing Guidelines for the Administration of the BMBE Development Fund

Revised implementing guidelines for the administration of the BMBE development fund under section 10 of Republic Act 9178, otherwise known as the Barangay Micro Business Enterprises Act of 2002. Department Administrative Order No. 17-03; Series of 2017.
Date: 02 May 2017; Type: Guideline; Source: Department of Trade and Industry

Request for Comments on the Proposed Rules and Regulations on MPO of PLCs

Request for Comments on the Proposed Rules and Regulations on Minimum Public Ownership of Publicly Listed Companies.
Date: 31 May 2017; Type: Circular; Source: Securities and Exchange Commission

Submission of the Manual on Corporate Governance

SEC Memorandum Circular No. 8; Series of 2017
Date: 20 April 2017; Type: Circular; Source: Securities and Exchange Commission

BOI finishes Draft Implementing Guidelines of 2017 Investment Priority List, Solicit Comments from Stakeholders

Following consultations with various industry stakeholders, the Philippine Board of Investments (BOI) is now soliciting comments on the draft implementing guidelines of the 2017 Investment Priorities Plan (IPP).
Date: 21 April 2017; Type: Press Release; Source: Department of Trade and Industry

SEC amends Rules on Term Limit of Independent Directors

SEC Memorandum Circular No. 4; Series of 2017; 09 March 2017
Date: 09 March 2017; Type: Press Release; Source: Securities and Exchange Commission

SEC requires Certification Update from All Independent Directors

SEC Memorandum Circular No. 5; Series of 2017; 07 March 2017
Date: 07 March 2017; Type: Circular; Source: Securities and Exchange Commission

2017 Filing of Annual Financial Statements and General Information Sheet

Sec Memorandum Circular No. 2; Series of 2017
Date: 24 February 2017; Type: Press Release; Source: Securities and Exchange Commission

DTI issues IRR on No Shortchanging Act

The Department of Trade and Industry (DTI) has issued the Department Administrative Order No. 16-03 Series of 2016 on the Implementing Rules and Regulations (IRR) of the Republic Act No. 10909 or the “No Shortchanging Act of 2016” last December 2016.
Date: 26 January 2017; Type: Regulation; Source: Department of Trade and Industry

Industry Updates

Swiss Institute of Federalism ink Academic Cooperation with UP

MANILA, Feb 16 (PNA) - The University of the Philippines-National College of Public Administration and Governance (NCPAG) and the University of Fribourg’s Institute of Federalism (IFF) have entered into a Memorandum of Understanding (MOU) for academic cooperation and exchange, the Department of Foreign Affairs (DFA) said.

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Thailand, Cambodia discuss Nationality Verification for Migrant Workers

PHNOM PENH, Feb 14 (NNT) - Thailand's Labor Minister Adul Sangsingkeo and his Cambodian counterpart Ith Samheng discussed the nationality verification for undocumented migrant workers.

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Group urges DOLE: release Rules on 'Workplace Romance'

MANILA, Feb 13 (PNA) - A group called on the Department of Labor and Employment (DOLE) to issue guidelines on workplace romance policy to prevent employers from implementing oppressive management prerogatives.

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Individuals earning above P250K also getting Bigger Take-Home Pay under TRAIN

The Tax Reform for Acceleration and Inclusion Act (TRAIN) effectively increases the take-home pay not only of salaried workers earning P250,000 yearly and below but also of those with annual taxable income from P250,000 to a maximum of P2 million.

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ASEAN: Terrorism most serious Security Threat to Region

SINGAPORE, Feb 6 (Bernama) - The ASEAN Defence Ministers today unanimously identified terrorism as the most serious security threat to the region.

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ASEAN unanimously agreed on KSCIP Initiative

SINGAPORE, Feb 6 (Bernama) - All 10 ASEAN countries have agreed with the King Salman Center for International Peace (KSCIP) initiative, said Malaysian Defence Minister Datuk Seri Hishammuddin Tun Hussein.

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DOJ provides Legal Aid to 11,833 Persons in 2017

MANILA, Feb 4 (PNA) - Close to 12, 000 people were given legal assistance through the Department of Justice Action Center (DOJAC) in 2017.

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UP Board of Regents names Proffessor Fides Cordero-Tan as new UP Law Dean

The UP Board of Regents announced the appointment of Atty. Fides Cordero-Tan as the new dean of the UP College of Law on Jan. 26, 2018.

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IPOPHL to heighten IPR Enforcement; seeks MOU with Anti-Crime Body

The Intellectual Property Office of the Philippines (IPOPHL) is seeking to intensify intellectual property rights enforcement in the country, targeting to craft a Memorandum of Understanding (MOU) with other members of the Sub-Committee on Organized Crime of the National Law Enforcement Coordinating Committee (NALECC-SCOC).

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Century-Old Biz Group wants Mining Law amended

MANILA, Jan 31 (PNA) - The country’s oldest business organization, the Chamber of Commerce of the Philippines Islands (CCPI), has sought sponsorship in Congress to amend mining laws.

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IPOPHL eyes to expand Enforcement of Intellectual Property Rights

MANILA, Jan 29 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) aims to further expand intellectual property rights (IPR) enforcement through cooperating with members of the Sub-Committee on Organized Crime of the National Law Enforcement Coordinating Committee (NALECC-SCOS).

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SC to act on Mamasapano Trial Transfer

MANILA, Jan 26 (PNA) - The Supreme Court is set to tackle the transfer of trial of the criminal case over the Mamasapano clash that killed more than 60 persons, including 44 members of the elite Philippine National Police-Special Action Force (PNP-SAF).

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