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SEC suspends nearly 118,000 firms for annual report snub

By Inquirer - 9 months ago
MANILA, Philippines  —The Securities and Exchange Commission (SEC) suspended nearly 118,000 corporations for failing to submit the required annual report even after extending the deadline. The SEC’s company registration and monitoring department ordered the suspension of their certificates of incorporation last Feb. 16. This was after the companies did not submit their annual reports for

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