+ Follow LILIA R Tag
LILIA R
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 262174
[Title] => SEC probes deeper into controversy over First Resources Management
[Summary] => The Securities and Exchange Commission (SEC) is digging deeper into the controversy involving First Resources Management & Securities Corp., the stockbrokerage firm owned by influential broker Vivian Yuchengco.
In an Aug. 19 letter to the Philippine Stock Exchange (PSE), the SEC said it is pursuing its investigation into First Resources’ alleged monopoly of stock trades by the Government Service Insurance System (GSIS), one of the biggest institutional investors in the exchange.
The PSE earlier cleared First Resources of any wrongdoing in the transactions.
[DatePublished] => 2004-08-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 258908
[Title] => SEC rejects GSIS bid to return PSE shares
[Summary] => No return, no exchange.
This was the position of the Securities and Exchange Commission (SEC) with respect to the Government Service Insurance System’s (GSIS) plan to return its shares in the Philippine Stock Exchange (PSE) on growing disappointment over the infighting among PSE shareholder-brokers.
SEC chairman Lilia R. Bautista said the GSIS is prohibited from returning the 1.4 million shares it bought from the PSE because this would be in violation of the trust fund doctrine.
[DatePublished] => 2004-07-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 258746
[Title] => CPAs urged to adhere to high ethical standards
[Summary] => The Securities and Exchange Commission (SEC) has called on the accounting profession to establish and maintain a culture of honesty and high ethics to restore public confidence in the corporate sector.
[DatePublished] => 2004-07-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 258272
[Title] => GSIS free to sell its PSE shares
[Summary] => With the Government Service Insurance System (GSIS) declaring its intention to pull out its investment in the local bourse, the Philippine Stock Exchange (PSE) said private investor groups are free to sell their shares the exchange.
PSE officer-in-charge Peter Favila told reporters yesterday that the exchange "is in no position to prevent anyone from selling their shares" in the bourse. He said the PSE board, though, would still decide on GSIS’ plan in the next regular board meeting on July 28.
[DatePublished] => 2004-07-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 258181
[Title] => Australia extends P3.13-M grant for RP capital market
[Summary] => The Australian Agency for International Development (AusAID) will extend a P3.13-million technical assistance grant to strengthen the regulatory framework of the Philippine capital markets.
The signing of the assistance package was held at the Securities and Exchange Commission (SEC) yesterday, with AusAID counsellor Angus Macdonald, SEC chairperson Lilia R. Bautista, and Philippine Stock Exchange (PSE) chairperson Alicia Arroyo.
[DatePublished] => 2004-07-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 257266
[Title] => SEC says it can review probes held by PSE
[Summary] => Asserting its oversight powers, the Securities and Exchange Commission (SEC) said it can review investigations conducted by the Philippine Stock Exchange anytime to ensure that the bourse fulfills its self-regulatory (SRO) functions.
SEC chairman Lilia R. Bautista said the Commission may, on its own initiative, conduct periodic or parallel examinations of PSE member-brokers to validate the exchange’s findings.
[DatePublished] => 2004-07-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 255708
[Title] => SEC favors single rehab receiver for Multitel
[Summary] => The Securities and Exchange Commission (SEC) is urging Multinational Telecom Investors Corp. (Multitel) and its investors to have only one rehabilitation receiver to ensure the orderly distribution of its assets and cash to investors.
Multitel has two rehabilitation receivers as a result of the respective petitions filed by Multitel owner Rosario Baladjay and the company’s investors with different courts. Baladjay filed her petition with the Makati Regional Trial Court while Multitel’s investors filed their request with the Muntinlupa RTC.
[DatePublished] => 2004-06-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 254151
[Title] => SEC gets highest sincerity rating among gov’t units in SWS survey
[Summary] => Efforts of the Securities and Exchange Commission (SEC) to adopt leading good business principles and cut the red tape have paid off as it has been recognized as having the highest sincerity among government agencies in fighting corruption.
Based on the recently-released results of the Social Weather Station (SWS) Transparent and Accountable Governance Enterprises Survey, the SEC ranked first among 24 government agencies in both gross and net sincerity rating followed by the Supreme Court and the Department of Health.
[DatePublished] => 2004-06-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 250341
[Title] => SEC mulls outside directors holding majority in listed firms
[Summary] => The Securities and Exchange Commission (SEC) is looking at increasing the number of outside directors (SEC) to a majority of the boards of listed corporations to ensure better management and greater transparency and fairness in operations.
SEC said the current regulation requiring two independent directors in every board of listed company is not enough to safeguard the interest of minority shareholders.
[DatePublished] => 2004-05-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 249498
[Title] => DTI, SEC act to prevent business name duplication
[Summary] => Corporations need not go to the Department of Trade and Industry anymore to register their name in order to preclude their use by single proprietorships.
This after the DTI and the Securities and Exchange Commission finalized the guidelines and conditions for access and/or linkage to their respective database of reserved and registered business names.
The move is intended to curb the registration at the DTI of business names that are similar to SEC-registered corporate/partnership names and vice-versa.
[DatePublished] => 2004-05-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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