Singapore-based DBS Bank Ltd stated that the Philippine peso is emerging as one of Asia’s most vulnerable currencies as deepening global oil crisis exposes the nation’s heavy reliance on imported energy and the lack of government subsidies. DBS wrote in a commentary published last Friday that...
On this three-day trading week, the local stock market is seen to remain bearish due to the impact of the Middle East conflict on inflation and supply, while investors are also expected to hold on to cash heading into the long Lenten break amid these uncertainties. “The local market is still...
The Philippine Stock Exchange index (PSEi) was slightly lower on Friday, March 27, after the peso slid to a new low amid high oil prices fueled by the conflict in the Middle East. The main index shed 11.37 points, or 0.19 percent, to close at 5,972.83. Miners led the correction, while conglomerates...
Benchmark stock index retreated on Thursday, March 26, slipping back below the 6,000 level as investors locked in gains from a two-day rally amid heightening geopolitical friction in the Middle East and domestic inflation concerns. The Philippine Stock Exchange index (PSEi) fell 59.97 points, or...
GMA Network Inc. is taking the Securities and Exchange Commission (SEC) to court to block the new regulation that forces long-serving independent directors to vacate their seats. In a petition for certiorari filed Thursday, March 26, with the Regional Trial Court of Makati, GMA sought to nullify...
Local stocks surged back above the 6,000 threshold on Wednesday, March 25, as investor sentiment shifted toward optimism following reports that the United States (US) has entered formal negotiations with Iran. The prospect of a diplomatic resolution to Middle East tensions sparked a broad-based...
The Philippine Stock Exchange index (PSEi) recovered slightly together with global markets on Tuesday, March 24, on hopes that the United States (US) is easing attacks against Iran. The main index added 37.02 points, or 0.63 percent, to close at 5,936.20, led by the mining sector following an...
The Philippine Stock Exchange index (PSEi) plunged to just below the 5,900 level on Monday, March 23, as oil prices continued to rise amid worsening conflict in the Middle East, with Iran keeping the Strait of Hormuz shut despite threats from the United States (US). The main index fell 119.44...
Starting this year, the Securities and Exchange Commission (SEC) will be more stringent in ensuring that large corporations and publicly listed firms raise the bar in sustainability reporting to support market credibility. “This is why the SEC issued Memorandum Circular (MC) No. 16 in 2025. By...
The Securities and Exchange Commission (SEC) is ready to face Philippine Stock Exchange (PSE) broker-directors in court if they pursue a legal challenge against the commission’s proposed imposition of term limits for brokers sitting on the board of an exchange. “We ’ re not afraid to go to...
The Securities and Exchange Commission (SEC) has revoked the registration and operating license of Gul-Zara Lending Investor Corp. after the firm failed to meet mandatory reporting requirements and defied moratorium on new digital lending platforms. The corporate regulator’s Financing and Lending...
The Securities and Exchange Commission (SEC) is seeking formal counter-proposal from stockbrokers as tensions escalate over the plan to impose term limits on directors at the Philippine Stock Exchange (PSE). SEC Chairman Francis Lim said that while he remains open to feedback from the Philippine...
