The Philippine Stock Exchange index (PSEi) rose on Monday, July 27, after the halt in hostilities in the Middle East prompted some investors to start bargain-hunting. The main index gained 33.89 points, or 0.54 percent, to close at 6,314.90. Miners led the advance, while conglomerates and...
The Securities and Exchange Commission (SEC) has launched its Sukuk framework to advance the development of the country’s Islamic finance market by encouraging companies to offer Shari’ah-compliant investment products. In partnership with the Manila-based Asian Development Bank (ADB), the SEC...
Local equities face heightened downside risks this week as the worsening Middle East conflict sparks energy price spikes, compounding domestic growth and inflation worries. Escalating tensions involving the United States (US), Iran, and Yemen-based Houthi militants have driven global oil benchmark...
The Philippine Stock Exchange index (PSEi) dipped on Friday, July 24, as share prices fell amid concerns over rising oil prices and the higher tariff the United States (US) slapped on Philippine goods. The main index shed 2.11 points, or 0.03 percent, to close at 6,281.01. Sectoral indices were...
The peso sank to a fresh record low against the United States (US) dollar on Friday, weighed down by escalating import burdens, global energy cost pressures, and persistent demand for foreign currency. The local currency closed at ₱61.847 per US dollar on July 24, according to official data from...
The Securities and Exchange Commission (SEC) has slapped a ₱1.03 million fine on Inclusive Credit Lending, Inc. for imposing excessive interest rates of up to 262.67 percent and engaging in unfair debt collection practices, including threats and public shaming. In an order dated July 21, the SEC...
The Philippine Stock Exchange index (PSEi) was slightly higher on Thursday, July 23, as some investors started bargain hunting despite rising oil prices because of the United States (US)-Iran war. The main index added 15.27 points, or 0.24 percent, to close at 6,283.12. Banks led the advance, while...
Local stocks snapped their four-day winning streak as weakening currency prompted investors to lock in recent profits, pulling the benchmark index back from near-overbought levels. The Philippine Stock Exchange index (PSEi) fell 81.92 points, or 1.28 percent, to close at 6,333.80 on Tuesday, July...
To improve the quality, completeness, and timeliness of national economic data, the Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC), and the Philippine Statistics Authority (PSA) have entered into a data-sharing agreement. Spearheaded by Finance Secretary Frederick...
The Philippine Stock Exchange (PSE) is proposing a phased increase in the minimum capital required for stockbrokers and dealers to ₱100 million to hedge against rising transaction sizes, inflation, and systemic risks. The exchange issued a memorandum requesting public feedback through July 31,...
The Philippine Stock Exchange (PSE) is executing its biggest overhaul of index rules in more than a decade, cutting the public float requirement for giant companies and tightening liquidity tests to make its benchmarks more reflective of market activity. The exchange said it is revising its PSE...
Local equities managed to carve out modest gains on Monday, July 20, holding above a key technical floor as strength in heavyweights like International Container Terminal Services Inc. (ICTSI) offset growing anxiety over rising global oil prices sparked by conflict in the Middle East. The...
