The Securities and Exchange Commission (SEC) has advised the public against investing in Lodi Coins, a supposed virtual currency offered on social media without the necessary licenses from regulators. In an advisory dated Sept. 29, the Commission flagged the public offering of Lodi Coins by Lodi Technologies Incorporated without securing from the SEC the required order of registration of securities and certificate of permit to offer and sell securities. Lodi Coins is not registered as a virtual asset service provider with the Bangko Sentral ng Pilipinas (BSP). Lodi Technologies also did not have the corresponding certificate of
World Games champion Junna Tsukii is looking forward to a podium finish in the Asian Championships this year. The Filipino-Japanese karateka will banner Team Philippines on December 16 to 20 in Tashkent, Uzbekistan. “It would be nice to get a medal. But first, I have to sharpen my skill in preparation for the tournament,” Tsukii, who turned 31 on Friday, said in an interview Last year, she bagged a silver medal when the tournament was held in Kazakhstan. In July this year, she made history by becoming the second Filipino gold medal winner at the World
The local government-run Root crops Processing Center in Baybay City in Leyte will expand its operation to include the processing of baby food from sweet potatoes, the Department of Science and Technology (DOST) announced on Friday. From producing sweet potato ice cream and chips, the processing center will venture into the application of complementary food technologies, DOST Leyte provincial head John Glenn Ocaña said in a phone interview. “The decision to produce camote-based baby foods came about to provide another nutritious complementary food product for children six months old up to three years old,” Ocaña said. DOST
The new chief of the Governance Commission for Government-Owned and Controlled Corporations (GCG) on Friday said he would introduce “some dynamics” on safeguarding the budgetary support that the national government is providing. Alex Quiroz said GCG will adopt measures that will eliminate unnecessary spending by government-owned and controlled corporations (GOCCs). Quiroz told the Senate Committee on Finance that the GCG is planning to establish satellite offices to directly monitor the efficiency of all GOCCs. “We have been thinking to adapt a scheme, if not to eradicate, at least to reduce whatever dissipation that GOCCs have been committing.
Police and military authorities are investigating a fatal shooting by a cop of a soldier in Pikit town on Thursday night. Maj Maxim Peralta, town police chief, said Friday Senior Sgt. Chris Paul Aninon Baldo shot dead Corporal Roy Degamo of the Army’s 6th Infantry Division following a mix-up. “The policeman, Sgt. Baldo, assigned with the Midsayap police force, voluntarily surrendered to the Pikit police office with his firearm,” Peralta said. An initial investigation showed that Baldo’s mother informed him that a suspicious man was seen sitting in front of the family-owned variety store in Barangay Poblacion,
Net outflows of foreign portfolio investments registered a smaller figure in August 2022 at USD86.29 million from month-ago’s USD103.14 million net outflows, the Bangko Sentral ng Pilipinas (BSP) reported. However, central bank data show that the net outflows last August is a turnaround from the USD11.51 million net inflows in the same period last year, which Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort traced to market volatilities given the trend of rising interest rates. Ricafort said the rise in interest rates due largely to central banks’ moves to address the elevated inflation rate has also resulted
