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Regulator revokes Discaya construction firms’ registrations
Business World Philippines
|December 05, 2025
THE SECURITIES and Exchange Commission (SEC) has revoked the corporate registrations of St. Timothy Construction Corp. and St. Gerrard Construction General Contractor and Development Corp., both owned by the Discaya family, for submitting false beneficial ownership information.
“In separate resolutions issued on Nov. 26, the SEC Enforcement and Investor Protection Department (EIPD) canceled the certificates of incorporation of St. Timothy Construction Corp. and St. Gerrard Construction General Contractor and Development Corp.,” the commission said in a statement on Thursday.
During a Senate Blue Ribbon Committee hearing on Sept. 1, Cezarah Rowena C. Discaya claimed ownership and officer positions in St. Timothy and St. Gerrard.
This story is from the December 05, 2025 edition of Business World Philippines.
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