THE Securities and Exchange Commission (SEC) has lately been warning about the risky practice by some Filipino investors of doing business with foreign corporations, merchants or entities which are not registered and licensed to do business in the country.

Timely warning from the SEC

The BSP said the current account reversed to a deficit of US$1.2 billion from a US$5.1 billion surplus in Q2 2020. In particular, the merchandise trade deficit widened due to the sustained growth in imports, following the gradual resumption of domestic economic activities.

Balance of payments posts lower surplus in Q2

PROPERTY companies which are packaging their office buildings, residential condominiums and others into REITs (real estate investment trust) have made a beeline in the listing department of the Philippine Stock Exchange, starting with the highly successful offering of Ayala Reit ($:AREIT) last year.

Tepid start for $:RCR

Total cash remittance for July rose by 1.6 percent to $2.308 billion for land-based workers and $545 million for sea- based workers, or up by 6.9 percent.

Heroes indeed! OFWs high July remittance of $2.58B helps ailing economy

The country’s gross international reserves at the end of August hit $108.5 billion, equivalent to 12.3 months’ worth of imports of goods and payments of services and primary income. It is also 7.8 times the country’s short-term external debt based on original maturity and 5.4 times based on residual maturity.

GIR hits $108.5 -B in August

Information and Communication Technology Secretary Gregorio Honasan let off steam during the budget deliberation of his agency’s proposed P9- billion budget for 2022 saying that most government agencies do not consult or seek advise from them because “they think we are interested in their budgets. But when they fail, they blame the DICT.”

Low budgets, turf issues hound DICT

SMC Infrastructure's Skyway Stage 3 was opened in January this year, effectively connecting Buendia with Balintawak, Quezon City.

$:SMC defies its own good news

ONE day before Metro Manila implements the planned granular lockdowns using the new Alert Level System today, Sept. 16, the Philippine Stock Exchange declined.

Market cowed by COVID-19

WE would like to think that the Securities and Exchange Commission (SEC) is not only good at warning the public against unregistered business entities doing business in the country, especially those based abroad.

10th wave of COVID-19, in the time of the Omega variant

Despite P73 billion losses due to the “extraordinary impact” of the pandemic in 2021, Philippine Airlines had been granted by the US Bankruptcy Court of the Southern District of New York access to funds of initially $20 million to help it recover its operations so it can pay creditors.

PAL gets access to $20 million funding from US bankruptcy court

Do Not Read This: Diego Cagahastian from Opinyon

GIR hits $108.5 -B in August photo from Philippine Star

Low budgets, turf issues hound DICT photo from Rappler

Balance of payments posts lower surplus in Q2 photo from BARMM

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