SEC warns against unauthorized investment scheme of PhilHelp

By Denise A. Valdez, Senior Reporter THE Securities and Exchange Commission (SEC) is warning the public against engaging in representatives of an investment group called “PhilHelp”. The regulator issued an advisory on its website saying PhilHelp Administration of Financial Marketing/PhilHelp International Lending Corp. is not authorized to offer investment opportunities. …

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Jewelry that spells out love

1 of 2 By Joseph L. Garcia, Reporter WHEN times are hard, we all need something soft and comforting to get us through the days. While the metals and jewels used in jewelry designer Paul Syjuco’s new collection PS ILY are undeniably sturdy, gentle lines and curves soften their effect, …

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BIR’s notice of discrepancy reinstated

BUREAU of Internal Revenue (BIR) building — BW FILE PHOTO THE Bureau of Internal Revenue (BIR) will now issue a notice of discrepancy to inform taxpayers of their tax deficiencies as part of an audit, replacing the notice of informal conference (NIC). BIR Commissioner Caesar R. Dulay issued Revenue Regulations …

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Big banks face challenging 2nd quarter

A CUSTOMER collects Philippine peso banknotes from an automated teller machine in Bonifacio Global City, June 20. — BLOOMBERG By Marissa Mae M. Ramos, Researcher AMID THE LIMITED economic activity in the second quarter, the country’s biggest banks became less profitable as they boosted loan loss reserves with soured loans …

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BSP says liquidity support hit P1.4T

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno — PHILSTAR/GEREMY PINTOLO THE Philippine central bank has infused P1.4 trillion into the financial system as part of measures to support the economy amid the coronavirus crisis, Governor Benjamin E. Diokno said. “Overall, the total amount of additional liquidity injected into …

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Regional Updates (09/20/20)

Samal bridge landing site alignment final, says DPWH THE ALIGNMENT of the Davao-Samal bridge is final, a Department of Public Works and Highways (DPWH) official said amid the continued appeal for a redesign by the property owner of the Samal landing site. “We cannot change anymore the alignment after the …

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