The Securities and Exchange Commission (SEC) is warning the public that SE Sports or Seek Explores Sports Association Inc. is illegally soliciting investments. The corporate regulator issued an advisory after gathering reports that the entity’s individuals or members are enticing the public,...
The Securities and Exchange Commission (SEC) has ordered Trading Point Holdings Ltd., which operates under the name XM, XM Global Ltd., and XM Philippines, to cease its unauthorized solicitation of investments from the public immediately. In a cease-and-desist order (CDO), the SEC directed the XM...
I’m pretty sure most of us market watchers have heard and read about the diverse views on the Securities and Exchange Commission’s (SEC) proposal to limit interest rates of lending and financing firms. In this risk-averse environment, with the financial market trying to stay relatively afloat...
The Philippine Stock Exchange Index (PSEi) recovered from the previous day’s decline, adding 30.06 points, or 0.50 percent, to close at 5,990.00 on Thursday, Dec. 11. The advance followed expected rate cuts from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). Banks led the...
The Securities and Exchange Commission (SEC) has finalized a policy that tightens the cap on interest rates and related fees charged by financing and lending companies for specific loans, a month after the draft was released for public comment. The Commission issued SEC Memorandum Circular No. 14,...
The Philippine Stock Exchange Index (PSEi) slipped 0.28 percent following a confluence of weak economic reports and a cut to the country 's growth forecast. The main index shed 16.70 points to close at 5,959.94 on Wednesday, Dec. 10. Sectoral indices were evenly mixed for the session. A total...
The Securities and Exchange Commission (SEC) is overhauling its rules of procedure to streamline administrative and adjudicative proceedings, aiming to enhance the regulatory environment and accelerate case resolution. The Commission on Dec. 5 released the draft 2026 Rules of Procedure (ROP) for...
The Philippine Stock Exchange index (PSEi) was higher on Tuesday, Dec. 9, as investors anticipate the rate cuts that may be announced by the Bangko Sentral ng Pilipinas (BSP) and the United States Federal Reserve (US Fed). The main index added 27.42 points, or 0.46 percent, to close at 5,976.64....
The local stock market is poised to gain momentum this week, driven by expected rate cuts from the United States (U.S.) Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), alongside influential domestic labor and foreign investment data. Philstocks Financial Research Manager Japhet...
The Securities and Exchange Commission (SEC) has launched its upgraded online ticketing system, which now covers all services and allows real-time tracking of inquiries or complaints to improve ease of transactions. The Commission said the upgraded iMessage—its web-based ticketing system for...
The Securities and Exchange Commission (SEC) is poised to ease the minimum public ownership (MPO) requirement for initial public offerings (IPOs), a move that could clear a major hurdle for the long-anticipated market debut of Globe Fintech Innovations Inc. (Mynt), the operator of e-wallet GCash....
The Philippine Stock Exchange (PSE) is disputing a ₱195.24-million tax assessment by the Bureau of Internal Revenue (BIR) and vows to “take appropriate legal action for the cancellation of the assessment.” The bourse said it received a final assessment notice (FAN) from the BIR assessing its...
