After a healthy start this year, stocks dropped on Friday, Jan. 6, as investors took profits at the local stock market after US bourses dropped due to renewed concern over interest rate hikes. The main index fell 93.36 points or 1.38 percent to close at 6,667.97 with the Industrial counter leading...
The Philippine Stock Exchange, Inc. (PSE) and Shenzhen Stock Exchange (SZSE) have signed a Memorandum of Understanding (MOU) to strengthen communication and economic cooperation between the two bourses. In a statement, the PSE said this cooperation can potentially help boost investment prospects...
The local stock market continued to trek higher after the announcement of a favorable inflation rate for December. The main index rose 42.83 points or 0.64 percent to close at 6,761.33 as Banks led the advance while the Services and Mining counters declined. Volume improved slightly to 1.85 billion...
Local share prices surged to the 6,700 level on the second day, Jan. 4, of trading in 2023 as more investors returned to the market from the holidays. The main index jumped 132.49 points or 2.01 percent to close at 6,718.59 as the Mining and Services sectors led the rally across the board. Volume...
The Securities and Exchange Commission has approved the merger between AXA Philippines and its former general insurance subsidiary Charter Ping An Insurance Corporation. AXA Philippines is a joint venture between the Metrobank Group, GT Capital, and the Paris-based AXA Group. With the merger, AXA...
The local stock market is off to a good start as investors begin the 2023 with renewed optimism. The main index rose 19.62 points or 0.30 percent to close at 6,586.01 as the Mining and Oil sector led the advance while Banks and Property firms lagged behind. Volume remained thin at 2.06 billion...
The Securities and Exchange Commission is asking the public to stop investing in the scheme being offered by Ground Zero Poultry Agricultural Corporation and its representatives as this has the characteristics of a Ponzi scam. Based on reports and information gathered by the Commission, individuals...
The Securities and Exchange Commission is warning the public against investing with Tether-Pay, Tether.Pay.com, and Tether Pay Ltd. which seem to be operating a fraudulent scheme. “This Advisory is prompted by the information received and gathered by the Securities and Exchange Commission that...
Despite the reopening of the Philippine economy and the resulting recovery of businesses, the year 2022 has not been kind to the local stock market. Earlier gains made on the back of the country’s improving Covid-19 situation as well as the traditional post-election rally eventually dissipated...
The Securities and Exchange Commission (SEC) has has filed criminal complaint against Suncash Lending Investors Corp., UCash Lending Investors Corp., Suncredit.ph Finance Corp., and ECredit Finance Inc. for operating unregistered online lending platforms (OLPs). The SEC Enforcement and Investor...
This week, trading at the local stock market, is seen to be anemic as a lot of investors are already enjoying the holidays while wary of prospects of the global economy in 2023. “For the last week of this year, a shortened one, we may see the local market move sideways as investors look forward...
Arthaland Corporation, the foremost sustainable real estate developer in the Philippines, has listed its P3 billion ASEAN Green Bonds on the Philippine Dealing and Exchange. The bonds were issued in two tenors – 5 years at 8.0 percent per annum and 7 years at 8.7557 percent per annum...
