+ Follow CHAIRPERSON LILIA BAUTISTA Tag
CHAIRPERSON LILIA BAUTISTA
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[ArticleID] => 220728
[Title] => Court bars BSP, SEC actions on UOBP
[Summary] => A local court has barred government regulators Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) from acting on all corporate transactions of the United Overseas Bank of the Philippines (UOBP).
Judge Artemio Tipon of the Manila Regional Trial Court Branch 46 issued a writ of preliminary injunction restraining BSP Governor Rafael B. Buenaventura and SEC Chairperson Lilia Bautista from approving the application for increase of the authorized capital stock of UOBP, the local unit of the Singaporean bank.
[DatePublished] => 2003-09-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
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[ArticleID] => 189056
[Title] => PSE welcomes nomination of SEC’s Aquino to Nomelec
[Summary] => The Philippine Stock Exchange (PSE) has welcomed the appointment of Jose Aquino, head of the Market Regulations Department of the Securities and Exchange Commission, to the contested chairmanship of the powerful Nominations and Elections Committee (Nomelec).
In a statement, PSE corporate secretary Francisco Villaroman said the appointment of Aquino "reflects the position of the exchange that what is good for the market supersedes the interests of individuals in the exchange.
[DatePublished] => 2002-12-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
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[ArticleID] => 179807
[Title] => SEC to further tighten pre-need rules
[Summary] => The Securities and Exchange Commission is seeking stricter rules to ensure that actuaries provide the public accurate information about the financial health of their pre-need companies.
In her latest move to keep the pre-need industry in good financial shape, SEC Chairperson Lilia Bautista said the commission is closely supervising actuaries and their projections of actuarial reserve liabilities (ARL), a key guide in how much pre-need companies will pay planholders in the coming years.
[DatePublished] => 2002-10-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[3] => Array
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[ArticleID] => 172885
[Title] => PSE resumes trading in Picop shares
[Summary] => Trading in pulp and paper milling company Picop Resources Inc. (PRI) resumed yesterday after the Securities and Exchange Commission’s (SEC) issued a certification extending the firm’s corporate life by 50 years retroactive to March 31, 2002.
In a circular, Philippine Stock Exchange (PSE) Disclosure Department head Trisha Zamesa said the suspension in the trading of PRI which lasted for six days was lifted yesterday after the company submitted documents "confirming that (PRI’s) corporate existence subsists."
[DatePublished] => 2002-08-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 171015
[Title] => No complaint against CAP, says SEC head
[Summary] => Securities and Exchange Commission (SEC) Chairperson Lilia Bautista revealed in a recent top-rated talk show interview that no complaints have been lodged against College Assurance Plan (CAP) with regard to its delivery of services and payments to its planholders.
In the same forum, Bautista said that the CAP issue has been blown out of proportion, partly from a lack of understanding of the trust fund.
[DatePublished] => 2002-08-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[5] => Array
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[ArticleID] => 166472
[Title] => Changes needed in money laundering law – Bautista
[Summary] => Securities and Exchange Commission (SEC) Chairperson Lilia Bautista has admitted it would take changes in the Bank Secrecy Law and minimum capital provisions in the Anti-Money Laundering Act (AMLA) for the Philippines ...
[DatePublished] => 2002-06-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
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[ArticleID] => 164073
[Title] => Bigger role for credit rating agencies eyed
[Summary] => As part of its regulatory power, the Securities and Exchange Commission (SEC) wants domestic credit rating agencies to play a bigger role in instituting good corporate governance standards.
SEC Chairperson Lilia Bautista told a recent international gathering at the Asian Development Bank that while credit rating is an effective tool of regulation, "there is also a need for refocusing regulation towards the role of rating agencies."
[DatePublished] => 2002-06-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[7] => Array
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[ArticleID] => 163933
[Title] => SEC stands firm on external auditor issue
[Summary] => The Securities and Exchange Commission (SEC) is standing firm on its decision to proceed with the mandated rotation of external auditors in publicly-listed companies every five years, despite the objection of one of the biggest auditing firms in the country.
SEC Chairperson Lilia Bautista announced last April this new requirement, which will be included as a provision in the proposed Code on Corporate Governance.
[DatePublished] => 2002-06-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
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[ArticleID] => 157324
[Title] => SEC has a new associate commissioner
[Summary] => The Securities and Exchange Commission (SEC) has a new associate commissioner.
Jesus Enrique Martinez, a practicing lawyer and consultant, replaced the recently-retired Edijer Martinez (no relations) in the SEC’s five-member collegial body, following his appointment by Malacañang last March.
[DatePublished] => 2002-04-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[9] => Array
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[ArticleID] => 146200
[Title] => Leung wants SEC to relax 20% ownership limitation
[Summary] => The Philippine Stock Exchange (PSE) is still hoping the Securities and Exchange Commission (SEC) would bend a little on the issue of the 20-percent limitation on brokers’ ownership of the demutualized exchange.
PSE president Ernest Leung said the brokers have expressed concern that the 20-percent rule would deprive them their bread-and-butter, the trading business.
"I think these are legitimate concerns. How do you go about it! It’s a big dilution and there would have to be heavy trade-offs along the way," Leung said.
[DatePublished] => 2002-01-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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October 14, 2002 - 12:00am
January 7, 2002 - 12:00am
