^
+ Follow CORPORATE FINANCE DEPARTMENT Tag
CORPORATE FINANCE DEPARTMENT
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 523310
                    [Title] => Benguet won't contest PSE order
                    [Summary] => 

After initially receiving a letter on Nov. 5 from the SEC’s Corporate Finance Department upholding Benguet Corp.’s (BC) explanation supporting its position that it had not violated disclosure rules, the company announced with deep regret that the Securities and Exchange Commission (SEC) wrote Benguet that it will allow PSE to implement its previous decision to penalize the 106-year old publicly listed mining company.

[DatePublished] => 2009-11-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 174227 [Title] => SEC sets rules for credit rating agencies [Summary] => The Securities and Exchange Commission (SEC) has drawn up rules for credit rating agencies to ensure that they provide an informed and balanced assessment of an issuer’s credit quality.

A credit rating agency refers to any independent body engaged in the business of assessing an issuer’s ability to pay interest and repay capital in a timely manner. Credit rating is required for all issuers of commercial papers.
[DatePublished] => 2002-09-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 96529 [Title] => GSIS told to trim exposure in foreign securities [Summary] => The Securities and Exchange Commission (SEC) has given the state pension fund Government Service Insurance System (GSIS) 60 days to trim down its exposure to foreign securities within the required 20-percent limit.

The SEC’s Corporate Finance Department said the GSIS Mutual Fund has exceeded its limit on investments in non-Philippine securities although this was largely on account of factors beyond its control.
[DatePublished] => 2001-03-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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