Sebi orders 5 firms to refund investors money in 3 months

Markets regulator Sebi has ordered five companies and their directors to refund in three months the money raised from investors without complying with the public issue norms.
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CAGAYAN de Oro is Northern Mindanao’s city with the highest collections from local resources in 2016 and in the second quarter of this year. Joy Marjorie Manlegro, financial analyst of Department of F
RESIDENTS in Mactan Island can look forward to new and advanced medical services with the opening of ARC Hospitals Mactan (ARC Mactan) in 2018. It will open the first two levels of the hospital by Jan
WITH warmer relations between China and the Philippines, Chinese companies intend to build industrial zones in the Philippines, a Chinese government official said. During the 43rd Philippine Business
JAPANESE business owners in the country assured that they will continue to expand their respective businesses in the Philippines. This is in support and reassurance of Japan Prime Minister Akiko Abe’s
WITH the onset of technology, things get easier – until somebody thinks they want to steal from you. Getting your credit card, getting your ATM card, getting the password to your email or electronic a
MEMBERS of the Cebu Chamber of Commerce and Industry (CCCI) are planning to visit Japan next year to re-establish ties with its chamber counterparts. The organization hopes to reconnect with Himeji C
METROPOLITAN Bank & Trust Company (Metrobank) announced that it entered into an agreement with its joint venture partner ANZ Funds Pty. Ltd. (ANZ) to increase its stake in Metrobank Card Corp. (MC
BEFORE the popularity of the internet, investing in the stock market used to be difficult and tedious. This has changed with the launch of online trading platforms such as UTrade. As the online trad
Sources say efforts are on to bring all staff unions of Air India including those of the pilots and engineers on one platform and workout a strategy to deal with the situation arising out of the gov
With the tech world getting divided between whether or not to regulate AI, the body feels that technologies should be freely allowed to mature first before any regulation comes in, its president R C
Sony, YouTube, BMW, Mercedes Benz and British Airways are the other brands to feature in the top 10.
Gail seeks one cargo for delivery between Nov. 15 and the end of December, a second cargo for Jan. 1-15 and a third for Jan. 16-31, trade sources said.
COMMITTED to empowering Filipino small and medium businesses (SMBs), HP Inc. Philippines holds its first “entreHPreneur Lab,” a business innovation talk, last August 24 featuring some of the movers an
MABALACAT CITY -- The opening of S&R outlet is a great opportunity and a stepping stone to improve the lives of the locals here, as they see more developments coming to Mabalacat, said Mayor Criso
RECOGNIZED for its success in providing exceptional Corporate Social Responsibility (CSR) programs, leading BPO provider TELUS International Philippines was awarded the CSR Company of the Year at the
PRUDENTIAL Corporation Asia (Prudential) received the prestigious Friend of Asean award at the Asean Business Awards 2017 last September 6—the second time the company has been conferred this accolade.
ORADIAN, a global technology provider for rural banks, micro finance institutions and cooperatives in the Philippines, and its flagship cloud-based banking software, Instafin, recently earned the ‘Mos
AKAMAI Technologies, Inc. (NASDAQ: AKAM) today announced the company has entered into an agreement to acquire Nominum, a market leader in DNS and enterprise security solutions for carriers. The acqui
Developed in the Piramal Innovation Laboratory, Jungle Magic#39;s #39;Garden Sciencz#39; provides a wide expanse of practical learning for children to explore, question and gain all-round developmen
India#39;s start-up dudes â?? largely male, young engineering graduates or dropouts â??are being jolted out of their fantasy world as investors tighten their purse strings and demand a greater bang
THE Philippines' second biggest bank said on Thursday, October 19, that it will spend $288 million buying out the minority stake that Australia's ANZ has in a credit card joint venture. Metrobank will
In all, economic performance was solid and on track to comfortably beat the government#39;s target of around 6.5 percent for this year.
THE Philippine Chamber of Commerce and Industry (PCCI) is pushing for private sector-led developments, particularly in infrastructure, to further speed up the country’s economic growth. The PCCI is ho
THE Department of Trade and Industry (DTI) is helping micro, small and medium enterprises (MSMEs) in Negros Occidental improve their product designs as part of the efforts to level up the one town, on
Hereâ??s wishing you and your family a Happy and Prosperous Diwali. This blog will keep track of key global and local developments impacting business and markets through the day. Important local and
THE Bureau of Fisheries and Aquatic Resources (BFAR)-Northern Mindanao will implement a new project next year, the Special Areas for Agricultural Development (SAAD) Program, which aims to cater to mar
The company plans to raise up to Rs 6,000 crore by way of issuance of secured and unsecured non-convertible debentures. Besides, it has plans to issue masala bonds up to USD 1,000 million in one or
CITY OF SAN FERNANDO - Clark International Airport is among the 25 best airports in Asia. According to travel website Sleeping in Airports, Clark airport is on the 22nd slot this year, together with o
CLARK FREEPORT -- The China Eastern Airlines (MU) has started its daily Clark-Shanghai flights. Chen Li Wei, marketing head of MU Philippine operations and Clark International Airport Corporation (CIA
APO View Hotel relaunches on Thursday, October 19, under a new management as they target to infuse the modern lifestyle of the millennial while maintaining the hotel's cultural heritage. As more and m
A SPECIAL Citizen Armed Force Geographical Unit (Cafgu) is to be put up in the peripheries of the banana plantations in Mindanao to help with the peace and order situation in the plantations, a banana
Watch CNBC-TV18#39;s reporters get you the ground report on Diwali sales from various markets across the nation.
The bank has issued and alloted a Basel III compliant Additional Tier I Bonds through private placement for an aggregate amount of Rs 5,415 crore, Yes Bank said in a regulatory filing.
The Ludhiana police on Wednesday claimed to have recovered the motorcycle used by the two masked assailants of an RSS leader who was shot dead in Kailash Nagar locality here yesterday.

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