ECONOMY

MINDANAO TODAY ECONOMY

AS IT HAPPENS, WHERE IT HAPPENS Wed-Thu, December 28-29, 2022 5

SEC sets deadlines for AFS submission

THE Securities and Exchange Commission (SEC) has set the deadlines for the submission of the annual financial statements (AFS) and general information sheets (GIS) of corporations in 2023.

The Commission on December 6 issued SEC Memorandum Circular No. 9, Series of 2022, which provides the 2023 Filing of Annual Financial Statements and General Information Sheet.

All stock and nonstock corporations are required to submit their annual reports online through the SEC Electronic Filing and Submission Tool (eFAST), previously called the Online Submission Tool, at https:// cifss-ost.sec.gov.ph.

The SEC and its Extension Offices shall not accept submissions over the counter and through courier, as the Commission continues to implement a zero face-to-face transaction policy, in line with the zero-contact policy and automation of business-related transactions mandated by Republic Act No. 11032, or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018.

For the full guidelines, kindly see the MC no. 9 series of 2022 through this link: https://www.sec. gov.ph/.../mc-no-09-s-of20222023-filing.../. (PR | SEC CDOEO)

The Securities and Exchange Commission has set the deadlines for the AFS submission. (Photo courtesy of SEC CDOEO)

PDC okays local plans to spur dev’t in LDS

MARAWI CITY – The Lanao del Sur Provincial Development Council (PDC) approved major plans to further advance development in the province.

During its second semester meeting, PDC members okayed the updated Executive Legislative Agenda (ELA) and Provincial Development and Physical Framework Plan (PDPFP) 2023-2025, Local Development Investment Program (LDIP) 20232025, and Annual Investment Program for 2023.

Members of the Provincial Development Council convene to tackle programs, projects and activities to boost the progress in Lanao del Sur. (PJF | PIA-10 | Lanao del Sur)

The council also endorsed priority programs, projects, and activities identified in the Peace and Order and Public Safety (POPS) Plan 2023, Gender and Development (GAD) Plan 2023, and Provincial Disaster Risk Reduction and Management (PDRRM) Plan 2023.

The PDC further backed the programs of the Provincial Social Welfare and Development Office (PSWD) for the protection of children, senior citizens, persons with disability, and women welfare.

The PDC meeting also included reports from the different offices of the provincial government on updates on their programs and services.

Among those who reported were the Provincial Engineer’s Office, Office of the Provincial Agriculturist, Provincial Health Office, PSWDO, Provincial Veterinarian Office, Provincial Environment and Natural Resources Office, and Provincial Legal Office

Meanwhile, Radoslaw Rhezak, United Nations Children's Fund (UNICEF) Mindanao Field Office chief, said to the body its peace project dubbed “Building Community Resilience and Delivery of Essential Services for PostConflict Recovery in Lanao del Sur/Marawi City.”

Rhezak said the project aims to improve community resilience and provide essential services for children, adolescents and women in Marawi City and the 39 municipalities of Lanao del Sur, including two municipalities each in Lanao Del Norte and Bukidnon.

Specifically, the project will benefit 680,000 children, 200,000 parents, all IDPs living within Lanao del Sur, and 90,000 children in Lanao del Norte and Bukidnon. (APB/PIA10/Lanao del Sur).

#GSafeTayo: GCash ramps up warnings vs fake online sellers amid holiday rush

AS the holiday rush comes into full swing, GCash is ramping up warnings to its customers against fake online sellers, so that they can ensure a smooth and safe Christmas shopping experience.

In line with the company’s intensified security campaign under #GSafeTayo, GCash Chief Customer Officer Winsley Bangit said, “we’re encouraging our customers to make sure they’re only purchasing from trusted online sellers especially as we try to find the perfect Christmas gifts for our loved ones. While GCash has top-notch security measures in place to protect our customers’ funds, it’s also their responsibility to ensure they’re dealing with legitimate sellers.”

Bangit also shared some quick tips to ensure an online seller is genuine:

Check out the seller before checking out items. Make sure that they’ve been active for a long time and already have a history of successful transactions with other buyers.

Be careful with seller profiles that have only been recently created and if they don’t have complete information about their business.

Take time to read customer reviews. A legitimate seller usually has many good reviews posted on their accounts or pages. If a profile does not have reviews available or negative ones outnumber positive feedback, these profiles might be fake or offer poor service.

Complete your payment once the item is delivered. Ask the seller if you can pay for the item after it has been delivered or opt to make a partial payment first.

GCash has also introduced a new product under its GInsure platform, “Online Shopping Protect,” that can help its users have peace of mind when they shop online.

For just P34 per month, GCash customers can get up to P20,000 in insurance coverage for incomplete deliveries, defective items, accidentally-damaged, or stolen products.

The new offering, which will launch soon on GInsure, is powered by global insurance company, Chubb.

“GCash is relentless in its drive against scammers and other cybercriminals as we never stop innovating not just with our products and services, but also with our security features. Our users can also rest assured that GCash is in close coordination with authorities like the Philippine National Police Anti-Cybercrime Group (PNP-ACG) in the fight against fraudsters,” Bangit said. (PR | GCash)

GCash is ramping up warnings to its customers against fake online sellers, so that they can ensure a smooth and safe Christmas shopping experience. (Photo supplied)