The Philippine Stock Exchange has approved new guidelines governing cash-strapped companies, incorporating red alerts in a bid to provide “additional safeguards to minority stockholders” before such problematic issuers succumb to bankruptcy.
The Bangko Sentral ng Pilipinas recently issued a set of guidelines that would enable banks to guard against lax lending practices just as demand for property assets is growing.
The Bangko Sentral ng Pilipinas is preparing to issue two sets of guidelines allowing thrift banks to engage in the cross-selling of financial products, a move that is seen to aid efforts at making average Filipinos financially savvy.
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The Securities and Exchange Commission is working with the Philippine Stock Exchange to draft a workable remedy for corporations with foreign ownership covered by the final Supreme Court ruling on the capital of Philippine Long Distance Telephone Co.
The Bangko Sentral ng Pilipinas is formulating trading- and price-setting guidelines for the country’s repo market, to help make it more attractive to investors.
The Bangko Sentral ng Pilipinas has issued guidelines on how members of a banks’ board of directors should behave and what their qualifications should be.
The Department of Budget and Management (DBM) has drawn up criteria that would qualify civil society organizations (CSOs) to consult with government agencies on preparing the national budget.
The Bangko Sentral ng Pilipinas has issued the necessary guidelines to implement the new and stricter Agri-Agra law amid protests from the country’s banking sector. The law’s amended version, Republic Act No. 10000, calls for stricter implementation of the provisions of the law that is meant to boost the country’s agriculture sector by requiring banks [...]
