PNOY approves Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP) merger

President Benigno S. Aquino III has issued Executive Order (E.O) no. 198, series of 2016 approving the merger of the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP).

Memorandum Circular: CN. No. 2016-0010: Proposed Rules on Dollar Denominated Securities (DDS).

The DDS draft guidelines will enable companies to tap foreign currency liquidity in the system.

Bureau of Immigration to review procedure on the travellers with namesake

On a press release conducted in March 8, 2016, Bureau of Immigration (BI) Commissioner Ronaldo Geron vowed to review the arrival or departure formalities regarding travellers with namesake included in the Bureau’s derogatory list.

R.A No. 9178 otherwise known as Barangay Micro Business Enterprises (BMBEs) Act of 2002

Although the law was enacted in 2002, we deem it best to devote a section on our website to discuss the basic features of the BMBE Law to serve as further guide to interested parties.

SEC ADVISORY: Reportorial Requirements to Publicly Listed Companies

Beginning March 16, 2016, all publicly listed companies are directed to submit their 2015 Annual Corporate Governance Report (ACGR) together with their 2015 Annual Report (SEC Form 17-A) to the Commission and to the Philippine Stock Exchange.

Business Asia Consulting conducts lecture series

As part of its massive efforts to reach a wide variety of clientele, and to further introduce its services to the market, BAC has launched a lecture series conducted and facilitated in-house.