PSE file photo (Photo credit: https://www.pse.com.ph) The local stock market finally succumbed to profit-taking as investors used the weakness in US bourses as an excuse to sell. The main index dropped 76.11 points or 1.17 percent to close at 6,415.08 as share prices declined across the board....
The local stock market managed to rise a few points after opening weaker as the listing of Converge ICT failed to inject excitement among investors. PSE file photo (Photo credit: https://www.pse.com.ph) The main index gained 7.13 points or 0.11 percent to close at 6,491.19 withe sectoral indices...
The local stock market recovered from early profit taking due to the improvement in COVID-19 numbers as well as prospects of a US stimulus package. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC).(Bloomberg file photo)...
The local stock market followed through on the previous day’s rally as investors are upbeat over government moves to open up the economy further. Traders work beneath an electronic ticker on the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC) Metro Manila, the...
Finance Secretary Carlos G. Dominguez III has expressed dismay over the Board of Investment’s (BOI) failure to attract foreign companies that were moving their productions out of China. MB file Speaking at the virtual 46th Philippine Business Conference and Expo, Dominguez said that the...
The Securities and Exchange Commission (SEC) wants the Bangko Sentral to also put a limit on charges for consumer and payday loans offered by lending and financing companies. This after the Commission hailed the central bank’s move to put an annual interest rate ceiling of 24 percent...
The Securities and Exchange Commission (SEC) has stopped FCash Global Lending, Inc. from operating as a lending company due to its unfair debt collection practices. In an order, the SEC Corporate Governance and Finance Department (CGFD) canceled the firm’s certificate of authority (CA) after it...
The Securities and Exchange Commission (SEC) has approved the planned P41.55 billion initial public offering of broadband service provider Converge Information and Communications Technology Solutions, Inc. In its meeting on September 24, the Commission En Banc resolved to render effective the...
The Securities and Exchange Commission (SEC) has approved the shelf registration of SM Investments Corporation’s P30 billion worth of fixed-rate bonds. The Commission En Banc resolved to render effective the registration statement of SMIC for debt...
