SEC Orders Closure of Facebook Page Posing as Licensed Lender
The Securities and Exchange Commission (SEC) has ordered the operators of a Facebook page, "Cash-Express Payday Loan," to cease unauthorized lending activities, citing risks to borrower funds and personal information.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- House OKs P7.2-T budget for 2027 amid spending change criticism
The Philippines House of Representatives approved the P7.2-trillion national budget for 2027. However, critics argue that changes favoring political assistance and local projects over essential public services raise concerns about the actual impact on citizens' lives.
- PH Property Market Constrained by Condo Supply, Costs, Borrowings: S&P
The Philippine property sector faces a weak near-term outlook due to excess condominium supply, rising costs, and expensive borrowing, according to S&P Global Ratings. A meaningful recovery is not expected until late 2027. Developers are focusing on core and affordable housing and exploring growth in provincial areas.
- BSP May Need Further Rate Hikes to Combat Inflation, Support Peso
The Bangko Sentral ng Pilipinas (BSP) may need to implement further policy rate increases to curb escalating inflation and support the weakening peso. Analysts anticipate a 0.25% rate hike at the BSP's October monetary policy meeting following the September inflation surge.
- GCash IPO Sees Oversubscribed Broker Orders Amid Strong Investor Demand
Demand for Mynt Inc.'s initial public offering (IPO), the company behind the popular GCash e-wallet, has significantly exceeded allocated shares for several brokers. This indicates strong investor interest ahead of its October 20 stock market debut.