The Securities and Exchange Commission (SEC) has drafted, for public comment, the Implementing Rules and Regulations (IRR) of Republic Act No. 11765, or the Financial Products and Services Consumer Protection Act (FCPA) which also covers digital products and cryptocurrencies. In a statement, the...
The University of the Philippines (UP) Office of International Linkages announced the application dates and requirements for international scholarships and student exchange programs from partner universities and institutions. University of the Philippines Diliman (FACEBOOK) In an advisory, UP said...
The local stock market declined after a stronger start as investors wait for more economic news, particularly the gross domestic product (GDP) report. The main index lost 28.18 points or 0.40 percent to close at 7,041.50 with only the Industrial sector advancing. Volume dropped to 1.96 billion...
The local stock market overcame early weakness to end slightly higher while investors wait for market moving news. The main index added 13.06 points or 0.19 percent to close at 7,069.68 with sectoral indices evenly split. Volume was firm at 1.24 billion shares worth P8.35 billion as gainers edged...
After failing to stay above the 7,100 level, the local stock market is expected to start the Year of the Rabbit by consolidating and building its strength before trying to hop over its resistance level again if the anticipated fourth quarter economic growth report is favorable. “The local market...
The Securities and Exchange Commission (SEC) is now accepting undergraduate and law students looking to gain professional experience through its internship program. In a statement, the SEC this is an opportunity for students to get first hand knowledge on company registration and regulation, the...
The local stock market continues to follow the lead of US bourses and ended the last trading day of the week just slightly in the red. The main index shed 5.39 points or 0.08 percent to close at 7,056.62 with sectoral indices evenly split. Volume was lower at 1.56 billion shares worth P6.86 billion...
Local share prices eased as weakness in US bourses weighed down investor sentiment. The main index shed 32.85 points or 0.46 percent to close at 7,062.01 as Banks led the retreat while the Mining and Services counters moved up. Volume was slightly lower at 1.87 billion shares worth P7.03 billion as...
The Securities and Exchange Commission is warning the public against investing in Oriental Peak Mining or with its president Ranillo Paz since both the company and Paz are not authorized to solicit investments. The corporate watchdog said it has noticed that individuals or group of persons,...
Minority shareholders of Alliance Select Foods International, Inc. have asked a local court to prevent the firm from undertaking a P1 billion stock rights offering before holding an annual general meeting (AGM). In a statement, minority shareholder Albert Hong Hin Kay and lone minority director Hedy...
The local stock market bounced back, gaining more strength in late trades on the back of growing optimism about the Philippine economy. The main index rose 80.82 points or 1.15 percent to close at 7,094.86 as the Services sector led the advance. Volume was lower though at 991 million shares worth...
The Securities and Exchange Commission (SEC) has approved the P11.26 billion assets-for-equity swap between AREIT Inc. (AREIT), the Philippines’ pioneer real estate investment trust, and its sponsor Ayala Land, Inc. (ALI). In a disclosure to the Philippine Stock Exchange, AREIT said ALI will...
