After the successful implementation of an amnesty program last year, the SEC issued on Aug. 30 a memorandum circular providing for the Enhanced Compliance Incentive Plan (ECIP).
The incentive program allows corporations that have failed to submit their annual reports on time to restore their good standing.
“As a regulator, the SEC is committed to ensuring that entities under its supervision are compliant with all the laws, rules and regulations applicable to them,” SEC chairperson Emilio Aquino said.
Aquino said the regulator has strictly imposed higher revised fi nes and penalties after the SEC Amnesty Program to encourage strict and habitual compliance with reportorial obligations and good corporate housekeeping.
Esta historia es de la edición September 03, 2024 de The Philippine Star.
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Esta historia es de la edición September 03, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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HERZOG, KIDLAT AND ENRIQUE MARTY HAVE A COSMIC ENCOUNTER
Kidlat Tahimik never arrives without a story, or a series of props. For his participation in \"Wolves at the Door. Cosmic Encounters,\" a \"proposal\" by Salamanca, Spain artist Enrique Marty made specifically for the Instituto Cervantes de Manila, the National Artist arrives in native Igorot garb, brandishing a tiny metal movie camera, as well as a bamboo one (his own invention), and later a carved statuette of Jose Rizal wearing a loincloth. The theme of \"indio-genius\" is thick in the air.
A SHAPE-SHIFTING COLLAB GELS ON CANVAS
Luis Lorenzana and Clarence Chun's 'CC x LL' opens at MONO8.
MOM'S BEST AND HAPPIEST TIME
From Oct. 19 to 24, my siblings Pete, Paul, Penny and I— together with our mom — were in Fukuoka, Japan.
The Bootleg Beatles on their favorite things about the Fab Four
At first glance, one would mistake the members of the tribute band The Bootleg Beatles for the music icons Ringo Starr, George Harrison, Paul McCartney and John Lennon of The Beatles.
BIANCA UMALI ON SELF-CARE: YOU DON'T NEED A PARTNER TO FEEL BEAUTIFUL
BIANCA UMALI SHARED THAT IT WAS HER LATE parents who inspired her to focus and work on her own health and well-being.
Cement firms back DTI probe on import safeguards
Cement manufacturers have expressed support for the Department of Trade and Industry's (DTI) probe on safeguard measures on cement imports, amid concerns the influx of imports may put jobs at risk.
Gov't subsidies down 23% to P105 B in 9 months
The government reduced its budgetary support to state-run firms by a little over 20 percent to P105 billion over the nine-month period, with the bulk of the subsidies allocated to support irrigation projects.
ERC sets initial GEA pricing guidelines
The Energy Regulatory Commission (ERC) has issued the preliminary pricing guidelines for technologies ineligible for the feed-in tariff (FIT) in the upcoming green energy auction (GEA) round.
SM Prime gears up for more mall openings
SM Prime Holdings Inc. is gearing up for another massive capital spending program for its various developments next year, with more new malls slated for opening.
America for white Americans!
Americans voting for their next president is the most important event today.
