teresita herbosa - updates

Rappler's latest stories on teresita herbosa


SEC 'internally studying' Omidyar's $1.5-M PDR donation to Rappler

Mar 01, 2018 - 8:26 PM

The country's corporate regulator says any action on Omidyar's donation to Rappler 'must be coursed through the honorable court through an appropriate pleading or manifestation'

DEVELOPMENT. SEC says the ball is now on the Court of Appeal's court. A workshop on August 28, 2016 at the Rappler headquarters in Pasig City. Photo by LeAnne Jazul/Rappler

Herbosa: SEC ruling not final but it's Malacañang's call to ban Rappler

Feb 23, 2018 - 10:22 PM

'We will not implement [the SEC ruling] until after the final and binding decision of the Court of Appeals or the Supreme Court,' says Securities and Exchange Commission chairperson Teresita Herbosa

SEC CHIEF. Securities and Exchange Commission Teresita Herbosa attends a Senate hearing on February 12, 2018. Photo by Angie de Silva/Rappler

SEC order vs Rappler ‘bad for democracy’ – Drilon

Jan 20, 2018 - 7:25 PM

Senate Minority Leader Franklin Drilon says the Securities and Exchange Commission should have given Rappler more time to address its alleged violations

'BAD FOR DEMOCRACY.' Senate Minority Leader Franklin Drilon says the SEC's order for Rappler to shut down is a "cause of concern." File photo by Joseph Vidal/PRIB

SEC: No review of ABS-CBN, GMA PDRs after Rappler

Jan 19, 2018 - 4:08 PM

After the SEC decided to revoke Rappler's license due to a 'repugnant' provision in its Philippine Depositary Receipts with Omidyar, many speculated that the regulator will go after the two broadcast giants next

Rappler Talk: Francis Lim on SEC decision vs Rappler

Jan 19, 2018 - 2:16 PM

Rappler's legal counsel talks about what other ‘reasonable’ measures SEC could have taken

If there was a violation, Rappler not given time to cure it - lawyer

Jan 18, 2018 - 9:47 PM

The harsh SEC ruling harms Rappler’s staff, stockholders, and readers, its lawyer Francis Lim argues

LEGAL BATTLE. Rappler will challenge the ruling of the Securities and Exchange Commission. Photo by Charles Salazar/Rappler

SEC decision to revoke Rappler's license 'too severe' – lawyer

Jan 17, 2018 - 10:20 AM

Securities and Exchange Commission Chairperson Teresita Herbosa thinks otherwise, saying her office 'orders revocation of companies even for just failing to submit annual reportorial requirements'

SEC DECISION. Securities and Exchange Commission orders to cancel the news organization's license, alleging it violated the Foreign Equity Restriction of the Philippine Constitution. Photo by Rappler

Ex-2GO chief decries attack over accounting scandal

Jul 14, 2017 - 1:51 PM

The only explanation for this fiasco is that the new external auditor might have found an opportunity to get back at us says Sulficio Tagud Jr

ACCOUNTING SCANDAL. 2GO last week restated its 2015 and 2016 financial statements, after a special audit requested by the firm's new management. Rappler file photo

Doubts hound KPMG following 2GO accounting scandal

Jul 13, 2017 - 5:30 PM

But KPMG RG Manabat says that its audit was based on the judgment and estimates made by 2GO management during that period

AUDITING FINANCIALS. Data from the Philippine Stock Exchange shows top 5 external auditing firms are SGV; Punongbayan & Araullo; KPMG; Reyes, Tacandong & Company; as well as Isla Lipana & Company. PSE file photo

2GO management, auditors may face over P1-M fine

Jul 11, 2017 - 11:30 PM

An investigation is underway into the restated financial statements of 2GO with the Securities and Exchange Commission looking into possible misrepresentation

OVER-INFLATED FIGURES? The restated financials pruned a whopping 90% off 2GO's net income in 2015 to P109.131 million. It also turned out that its 2016 net income should have been 74% lower than what was reported in 2015. Rappler file photo

Over 200 ‘5-6’ lenders applying for registration – SEC

Feb 28, 2017 - 6:25 PM

SEC chair Teresita Herbosa gives Finance Secretary Carlos Dominguez III an update on the SEC s investigation into 5 6 lenders in the country

SEC revises governance code for listed firms

Jan 04, 2017 - 3:45 PM

The new corporate governance code adopts a comply or explain approach to promote transparency and address perceived overregulation by the SEC

SEC seeks to lower public float for REIT firms to 30%

Oct 04, 2016 - 7:30 PM

The Philippines REIT law was passed in 2009 yet no company has put up an REIT yet due to stringent rules like the 67 minimum public float requirement

REVISIT. Regulators and other stakeholders in the capital markets discuss how they can make the rules governing REITs friendly to both government and investors. Rappler file photo

BSP's Tetangco is 2015's highest paid gov’t official

Jul 05, 2016 - 8:01 PM

GSIS general manager Robert G Vergara who was government’s top earner in 2012 and 2013 is second with P13 449 million in earnings

File photo from the Bangko Sentral ng Pilipinas

SEC rejects PSE's request for exemption over PDS merger

Mar 29, 2016 - 9:00 PM

The decision leaves the planned merger between the local equities market and the local bond market in limbo

After Bangladesh bank heist, Poe calls for bank disclosures in PH

Mar 17, 2016 - 7:00 AM

It s not a question of whether we should lift the Bank Secrecy Law It s a matter of when we re going to do it says the presidential candidate

BANK DISCLOSURES. Presidential candidate Grace Poe says it's time that bank disclosures become the trend in the Philippines. Screenshot from Rappler

Include casinos, art in anti-money laundering law – SEC chief

Mar 14, 2016 - 7:13 PM

Teresita Herbosa who also co chairs the Anti Money Laundering Council says her office will now push for the inclusion of casinos in the coverage of the Anti Money Laundering Act

STRENGTHEN AMLA. 'We need to strengthen the law, Money laundering can only be stopped if everyone in the world cooperates," AMLC's Teresita Herbosa says. Rappler photo

SEC lacks manpower, tech to catch bogus NGOs

Jan 31, 2014 - 1:22 PM

After explosive tales of billions stolen from public funds in the Napoles pork barrel scam it’s time to spot the loopholes plug the leaks and fix the system

'NOT ALL.' Securities and Exchange Commission Chairperson Teresita Herbosa admits her agency can't monitor all NGOs, saying it needs more manpower and a computer registration system. Rappler photo

Rappler Newscast | January 30, 2014

Jan 30, 2014 - 9:32 PM

Philippines GDP surpasses gov t target 10 police sacked for torturing prisoners SEC admits lacking resources to catch fake NGOs

Wanted: Manpower, tech to catch Napoles NGOs

Jan 30, 2014 - 4:04 PM

SEC Chairperson Teresita Herbosa admits her agency needs more manpower and a computer registration system to detect bogus NGOs

HIGHLIGHTS: Senate hearing on pork barrel scam | January 30, 2014

Jan 30, 2014 - 10:21 AM

The Senate blue ribbon committee continues its probe into the pork barrel scam , focusing on NGO registration and accreditation

SEC takes a closer look at foundations

Sep 15, 2013 - 9:00 PM

Due to the recent pork barrel anomalies associated with non government organizations especially foundations the SEC will take a closer look

SEC seeks Corporation Code amendments

Sep 15, 2013 - 3:13 PM

The SEC chairperson wants to evolve with the modern times

Face higher taxes, gov't reminds listed firms below public float req't

Dec 05, 2012 - 11:29 AM

Government officials stand firm on the punishments they will impose on listed firms that do not comply with the minimum public ownership requirement as the December 31 deadline looms

SEC to file criminal raps vs 10 people for share trade fraud

Nov 09, 2012 - 2:37 PM

The Securities and Exchange Commission SEC is filing criminal complaints against more than 10 individuals that were involved in stock price manipulation

Diokno, Villanueva, Herbosa again vie for SC post

Sep 18, 2012 - 1:07 PM

Villanueva and Herbosa previously vied for the post of chief justice

How the JBC defied Malacañang

Aug 14, 2012 - 7:46 PM

Up until the last minute on August 13 when the JBC voted to disqualify De Lima there were moves to pressure the council into voting otherwise


SC dismisses disbarment complaint vs Carpio

Aug 10, 2012 - 1:13 PM

This means Acting chief Justice Antonio Carpio remains in the running for chief justice

#SCwatch: JBC interviews, Day 4

Jul 27, 2012 - 8:06 AM

Live blog the fourth and last day of the public interviews of the nominees for the post of Chief Justice of the Supreme Court at the Judicial and Bar Council JBC

2 CA justices decline CJ nomination

Jun 25, 2012 - 6:11 PM

There are now 65 nominees for the post of chief justice

2010 presidential wannabe eyes CJ post

Jun 21, 2012 - 8:28 PM

Ferdinand Jose Pijao a nuisance candidate in the 2010 presidential elections wants to try his luck getting into the judiciary

[UPDATE] SC Justices Bernabe, Del Castillo decline CJ nomination

Jun 20, 2012 - 6:42 PM

There are now 12 SC justices nominated for chief justice


Gibo declines nomination for chief justice post

Jun 19, 2012 - 6:14 PM

Based on a list provided by the JBC on June 19 there are now 45 nominees for the post of chief justice


SEC may revise rules to get real estate trusts going

May 25, 2012 - 5:35 PM

The real estate investment trust or REIT law was introduced in the Philippines 3 years ago but no company has put up a REIT yet due to stringent rules


How long should a Philippine corporation 'live'?

Mar 12, 2012 - 2:15 PM

Why give Philippine corporations a maximum life of 50 years when some incorporators live for less?