Local share prices weakened further as investors worry over the new strain of the coronavirus that is causing a spike in COVID-19 cases. The main index dropped 86.33 points or 1.21 percent to close at 7,047.85 as all sectors lost ground. Volume remained high at 22.68 billion shares worth P11.91...
Philippine share prices retreated after US markets opened the year in the red on concerns over COVID-19 and the run-off elections in Georgia. The main index lost 63.32 points or 0.88 percent to close at 7,134.18 with only the Industrial counter holding its ground. Volume increased to 30.76 billion...
Stock market investors started the new year with optimism, pushing the main index up on the first trading day of 2021. Photo credit: (https://www.pse.com.ph/) The PSEi rose 57.79 points or 0.81 percent to close at 7,197.50 with only the Financials sector retreating. A hefty 21.55 billion shares...
The Philippine Stock Exchange is cautiously optimistic that the local stock market will perform better in 2021 and expects at least 10 companies to raise funds via the bourse through public offerings of stocks. “For 2021, we look forward to a better market performance on expectations that...
The Securities and Exchange Commission (SEC) has revoked Super Cash Lending Corporation’s certificate of authority (CA) to operate as a lending company for its unfair debt collection practices. In an order, the SEC Corporate Governance and Finance Department (CGFD) found Super Cash liable for...
The Securities and Exchange Commission (SEC) has approved the public offerings of securities by Philippine Stock Index Fund Corp. (PSIF) and Cityland, Inc. worth a total of P50.8 billion. The Commission En Banc resolved to render effective the registration statements of PSIF covering up...
Local share prices continued to weaken due to concern over the rising number of cases of a new strain of COVID in the UK. (Photo credit: https://www.pse.com.ph) The main index shed 22.50 points or 0.31 percent to close at 7,202.39 with only the Property index rising. Volume was higher at 22.72...
Despite government efforts to shut them down, there are now even more investment scams sprouting to victimize the unwitting public seeking to find more active ways to grow their hard-earned cash other than park these funds in the bank. The Securities and Exchange Commission (SEC) has been on...
The Securities and Exchange Commission (SEC) is giving real estate companies more time to assess implementation issues amid the COVID-19 pandemic by further deferring the application of certain accounting rules until 2023. The Commission said it decided to defer the application of Philippine...
The Securities and Exchange Commission (SEC) is preparing new rules to beef up cybersecurity in publicly listed companies (PLCs), exchanges and other capital market participants amid the surge in digital transactions in the country. The Commission has released a draft memorandum circular...
The PSEi surged to just a hair shy of the 7,300 level after government reported higher remittances from overseas Filipinos. (Photo credit: https://www.pse.com.ph) The main index jumped 71.97 points or 1.00 percent to close at 7,299.70 although the Services sector was in the red. Volume was slightly...
The board of directors of Aboitiz Power Corporation has approved the company’s P30 billion peso-denominated fixed rate retail bonds to be issued in tranches. The company said it will file registration for the planned bond issuance under the shelf registration program of the Securities and...
