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                    [ArticleID] => 248067
                    [Title] => Single regulator pushed for financial sector
                    [Summary] => The Securities and Exchange Commission (SEC) is pushing for the establishment of a single supervisor for the entire financial sector to minimize gaps in the regulation of financial intermediaries and, in turn, curb corporate fraud or failures.


SEC Chairperson  Lilia R. Bautista said the country should consider moving towards the consolidation of all financial market regulations into a single entity to tighten government regulation over the financial markets.


                    [DatePublished] => 2004-04-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 224146
                    [Title] => PSE urged to buy out stockbrokers’ shares before listing
                    [Summary] => The Securities and Exchange Commission (SEC) has proposed that the Philippine Stock Exchange buy out the shares of brokerage houses in the local bourse to ensure  the PSE’s compliance with the 20-percent ownership limitation under the  Securities Regulation Code (SRC).


                    [DatePublished] => 2003-10-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                (
                    [ArticleID] => 223430
                    [Title] => Allengoal pushes lease with Nat’l Steel
                    [Summary] => Allengoal Steel Fabrication & Trading asked yesterday the Securities and Exchange Commission (SEC) for the immediate implementation of its lease agreement with the National Steel Corp. (NSC) which was executed on May 26, 2000.


In a letter to SEC Chairperson Lilia R. Bautista, Allengoal president Alexander S. Delmo warned that if the lease agreement is not acted upon, the firm would be "constrained to seek all immediate legal remedies" to protect itself.


                    [DatePublished] => 2003-10-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 207441
                    [Title] => NGOs urged to adopt good governance practices
                    [Summary] => The Securities and Exchange Commission (SEC) has called on all non-governmental organizations (NGOs) to adopt good governance practices to ensure that they serve their purpose.


In a speech delivered before the Philippine Council for NGO Certification last week, SEC Chairperson Lilia R. Bautista said the board of directors or trustees of NGOs should ensure that these organizations operate in the public interest.


                    [DatePublished] => 2003-05-25 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 203359
                    [Title] => PSE urged to launch campaign to revive interest in stock market
                    [Summary] => The Securities and Exchange Commission (SEC) said the new board of the Philippine Stock Exchange (PSE) should launch a marketing campaign to revive the publics interest and invest anew in the stock market instead of putting their money in dubious investment schemes. 


SEC Chairperson Lilia R. Bautista said the new PSE board can start a massive information campaign to promote the bourse and even recommend stock picks or some of the listed blue chip companies. 


                    [DatePublished] => 2003-04-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionUrl] => business
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                    [ArticleID] => 193059
                    [Title] => Establish strong audit bodies, SEC tells firms
                    [Summary] => The Securities and Exchange Commission is urging corporations to establish a strong audit committee to ensure their financial soundness and faithful compliance with accounting standards, laws and contracts.


SEC Chairperson Lilia R. Bautista said internal auditors are expected to provide assurance that policies and procedures are being followed throughout the organization and that management and the board are meeting organizational goals and objectives.


                    [DatePublished] => 2003-01-27 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 192190
                    [Title] => SEC to launch info campaign against investment scams
                    [Summary] => In line with its efforts to increase investor protection, the Securities and Exchange Commission (SEC) intends to produce educational videos and movie/TV-ready investor alert infomercials that would focus on the prevention of investment scams and fraud. 


SEC Chairperson Lilia R. Bautista said the project will be in joint venture with the Philippine Stock Exchange and the Investment Houses Association of the Philippines (IHAP), the umbrella organization of investment houses in the country.


                    [DatePublished] => 2003-01-20 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 191458
                    [Title] => SEC hails Yuchengco, Coyiuto move to end feud
                    [Summary] => The Securities and Exchange Commission expressed confidence yesterday that the recent decision of Philippine Stock Exchange chairperson Vivian Yuchengco and director Robert Coyiuto Jr. not to seek another term in the upcoming elections of the bourse, would bring back much-needed liquidity in the market.


                    [DatePublished] => 2003-01-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
                    [SectionUrl] => business
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                (
                    [ArticleID] => 190515
                    [Title] => SEC bats for more independent directors in listed companies
                    [Summary] => The Securities and Exchange Commission is pushing for legislative amendments that would allow independent directors to occupy at least one-third of all seats in the boards of listed companies.


In a recent briefing, SEC Chairperson Lilia R. Bautista said the commission is working on possible amendments to the Corporation Code of the Philippines, which would include increasing the minimum number of independent directors for listed companies.


                    [DatePublished] => 2003-01-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 190533
                    [Title] => SEC steps up effort to upgrade financial reporting, disclosures
                    [Summary] => The Securities and Exchange Commission is stepping up efforts to upgrade the standards of financial reporting and disclosure of listed and non-listed firms to make sure that accurate, timely and quality information regarding a company’s performance is provided to the general public.


The Philippines is committed to adopting the international accounting standards (IAS) by 2005. The IAS is a set of globally recognized accounting standards and procedures relating to the presentation of financial statements.


                    [DatePublished] => 2003-01-06 00:00:00
                    [ColumnID] => 133272
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CHAIRPERSON LILIA R

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                    [ArticleID] => 248067
                    [Title] => Single regulator pushed for financial sector
                    [Summary] => The Securities and Exchange Commission (SEC) is pushing for the establishment of a single supervisor for the entire financial sector to minimize gaps in the regulation of financial intermediaries and, in turn, curb corporate fraud or failures.


SEC Chairperson  Lilia R. Bautista said the country should consider moving towards the consolidation of all financial market regulations into a single entity to tighten government regulation over the financial markets.


                    [DatePublished] => 2004-04-29 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 224146
                    [Title] => PSE urged to buy out stockbrokers’ shares before listing
                    [Summary] => The Securities and Exchange Commission (SEC) has proposed that the Philippine Stock Exchange buy out the shares of brokerage houses in the local bourse to ensure  the PSE’s compliance with the 20-percent ownership limitation under the  Securities Regulation Code (SRC).


                    [DatePublished] => 2003-10-14 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 223430
                    [Title] => Allengoal pushes lease with Nat’l Steel
                    [Summary] => Allengoal Steel Fabrication & Trading asked yesterday the Securities and Exchange Commission (SEC) for the immediate implementation of its lease agreement with the National Steel Corp. (NSC) which was executed on May 26, 2000.


In a letter to SEC Chairperson Lilia R. Bautista, Allengoal president Alexander S. Delmo warned that if the lease agreement is not acted upon, the firm would be "constrained to seek all immediate legal remedies" to protect itself.


                    [DatePublished] => 2003-10-08 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [ArticleID] => 207441
                    [Title] => NGOs urged to adopt good governance practices
                    [Summary] => The Securities and Exchange Commission (SEC) has called on all non-governmental organizations (NGOs) to adopt good governance practices to ensure that they serve their purpose.


In a speech delivered before the Philippine Council for NGO Certification last week, SEC Chairperson Lilia R. Bautista said the board of directors or trustees of NGOs should ensure that these organizations operate in the public interest.


                    [DatePublished] => 2003-05-25 00:00:00
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                    [ArticleID] => 203359
                    [Title] => PSE urged to launch campaign to revive interest in stock market
                    [Summary] => The Securities and Exchange Commission (SEC) said the new board of the Philippine Stock Exchange (PSE) should launch a marketing campaign to revive the publics interest and invest anew in the stock market instead of putting their money in dubious investment schemes. 


SEC Chairperson Lilia R. Bautista said the new PSE board can start a massive information campaign to promote the bourse and even recommend stock picks or some of the listed blue chip companies. 


                    [DatePublished] => 2003-04-22 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 193059
                    [Title] => Establish strong audit bodies, SEC tells firms
                    [Summary] => The Securities and Exchange Commission is urging corporations to establish a strong audit committee to ensure their financial soundness and faithful compliance with accounting standards, laws and contracts.


SEC Chairperson Lilia R. Bautista said internal auditors are expected to provide assurance that policies and procedures are being followed throughout the organization and that management and the board are meeting organizational goals and objectives.


                    [DatePublished] => 2003-01-27 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 192190
                    [Title] => SEC to launch info campaign against investment scams
                    [Summary] => In line with its efforts to increase investor protection, the Securities and Exchange Commission (SEC) intends to produce educational videos and movie/TV-ready investor alert infomercials that would focus on the prevention of investment scams and fraud. 


SEC Chairperson Lilia R. Bautista said the project will be in joint venture with the Philippine Stock Exchange and the Investment Houses Association of the Philippines (IHAP), the umbrella organization of investment houses in the country.


                    [DatePublished] => 2003-01-20 00:00:00
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                    [ArticleID] => 191458
                    [Title] => SEC hails Yuchengco, Coyiuto move to end feud
                    [Summary] => The Securities and Exchange Commission expressed confidence yesterday that the recent decision of Philippine Stock Exchange chairperson Vivian Yuchengco and director Robert Coyiuto Jr. not to seek another term in the upcoming elections of the bourse, would bring back much-needed liquidity in the market.


                    [DatePublished] => 2003-01-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 190515
                    [Title] => SEC bats for more independent directors in listed companies
                    [Summary] => The Securities and Exchange Commission is pushing for legislative amendments that would allow independent directors to occupy at least one-third of all seats in the boards of listed companies.


In a recent briefing, SEC Chairperson Lilia R. Bautista said the commission is working on possible amendments to the Corporation Code of the Philippines, which would include increasing the minimum number of independent directors for listed companies.


                    [DatePublished] => 2003-01-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 190533
                    [Title] => SEC steps up effort to upgrade financial reporting, disclosures
                    [Summary] => The Securities and Exchange Commission is stepping up efforts to upgrade the standards of financial reporting and disclosure of listed and non-listed firms to make sure that accurate, timely and quality information regarding a company’s performance is provided to the general public.


The Philippines is committed to adopting the international accounting standards (IAS) by 2005. The IAS is a set of globally recognized accounting standards and procedures relating to the presentation of financial statements.


                    [DatePublished] => 2003-01-06 00:00:00
                    [ColumnID] => 133272
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abtest