The board of directors of Phoenix Petroleum Philippines Inc. has approved the settlement of the P3.0 billion commercial papers that the firm issued on December 5 last year. The Uy-led company apprised the Philippine Stock Exchange (PSE) that the CP issuance had a tenor of 360 days, hence, its...
A Quezon City regional trial court has fined three persons a total of P2 million after being sued by the Securities and Exchange Commission (SEC) for illegally soliciting investments from the public. In a decision dated 27 November 2020, the Quezon City Regional Trial Court Branch 90 found...
The local stock market continued to rise as investor sentiment remains buoyant. Photo credit: (https://www.pse.com.ph/) The main index gained 35.19 points or 0.49 percent to close at 7,281.35 with only the Property counter retreating. Volume was slightly lower at 46.02 billion shares worth P8.93...
The Securities and Exchange Commission (SEC) announced that it has approved the securitization of P319.32 million worth of National Home Mortgage Finance Corporation’s (NHMFC) residential loan portfolio. In a statement, the SEC said the Commission En Banc approved the secondary mortgage...
Ayala-led AC Energy Philippines Inc. (ACEN) has secured the approval and confirmation of the Securities and Exchange Commission (SEC) on its stock rights offering (SRO) which is targeted next year. The Ayala energy firm is eyeing to float 2,267,580,434 common shares on its first round SRO and it...
The Asian Development Bank (ADB) downgraded its growth forecast for the Philippines as the nation struggled in containing the coronavirus outbreak that hampered economic recovery. Based on ADB’s Asian Development Outlook update, the Manila-based multilateral institution has projected that the...
The Philippine Stock Exchange is offering to sell up to a 5 percent stake in bourse to a strategic investor such as the Singapore Stock Exchange is already its partner in the Philippine Dealing System group. In an interview after the PSE’s annual stockholders’ meeting, PSE President Ramon S....
The local stock market continued to surge on heightened optimism over COVID-19 vaccines and prospects of a US Stimulus plan. Photo credit: (https://www.pse.com.ph/) The main index jumped 113.51 points or 1.60 percent to close at 7,194.13 with only the Services sector retreating. Volume rose to 3.65...
Filipino businessmen can soon pay cashless for their Securities and Exchange Commission (SEC) registration, business licenses, fines, penalties, seminars and trainings, via the commission's Paymaya-powered online portal. The SEC will integrate its online portal with the PayMaya Checkout...
Traders work beneath an electronic ticker on the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC) Metro Manila, the Philippines. (Bloomberg FILE PHOTO) The local stock market fell as foreign funds cash in and leave for greener pastures. The main index dropped 107.16...
The local stock market was barely higher after investors were quick to cash out after early gains. The main index gained 8.83 points or 0.12 percent to close at 7,178.62 with only the Services and Property counters in the red. Volume was weaker at 9.35 billion shares worth P9.56 billion as gainers...
