The local stock market continued to decline as investors adjust their holdings to the new MSCI index composition. The main index dropped 41.41 points or 0.66 percent to close at 6,223.73 with Conglomerates leading the retreat although Banks and Property stocks managed to advance. Volume...
The Securities and Exchange Commission (SEC) is warning the public against using online cryptocurrency exchange Binance, as it moves to have the platform blocked in the Philippines. The move is part of the regulator’s activities aimed at safeguarding the public from unregistered investment...
Renewable energy firm Energy Development Corporation (EDC), a subsidiary of Lopez-led First Gen Corporation, is scheduling the second tranche of its ASEAN green bond offering with target proceeds of P10 billion that will continually bankroll the company’s projects. In a disclosure to the...
The local stock market opened the shorter trading week on a positive note as month’s end window dressing started while oil prices weakened. The main index rose by 40.07 points or 0.64 percent to close at 6,309.57 as the Property sector surged to lead the advance while the Industrial and...
The Securities and Exchange Commission (SEC) is planning to ban unregistered foreign online stock and cryptocurrency trading platforms as it becomes stricter in their monitoring and regulation. This is according to SEC Commissioner Kelvin Lester Lee who is spearheading this move as the...
The Securities and Exchange Commission (SEC) has allowed the Philippine Stock Exchange Inc. (PSE) to negotiate its planned acquisition of additional shares in Philippine Dealing System Holdings Corporation (PDS Group) despite ownership limits. This developed as the Commission En Banc has...
The Securities and Exchange Commission (SEC) has made permanent its cease and desist order (CDO) issued against Casa Infini Builders and Realty Co. Ltd., Casa Infini Realty Management Co. Ltd., and its affiliated entities. This comes after the Commission En Banc denied the company’s motion to...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Bagong Bansang Maharlika (BBM) International Inc. for using President Ferdinand R. Marcos Jr.'s name to lure members while operating as a non-government organization (NGO) without the necessary licenses. ...
Securities and Exchange Commission (SEC) Chairperson Emilio B. Aquino has been named as the first ever Public Sector Innovator Awardee in the 2023 Mansmith Innovation Awards. In a statement, the SEC said this is in recognition of his pioneering digital transformation efforts in the government. SEC...
Filinvest Development Corporation (FDC), the investment arm of the Gotianun Group, is planning to raise up to P32 billion through the issuance of peso-denominated fixed rate bonds in one or more tranches. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it has filed online via...
The Securities and Exchange Commission (SEC) has been recognized again for championing sustainability, as it continues to promote sustainable practices toward achieving long-term growth in the corporate sector. The SEC was named as one of the Circle of Excellence awardees in the Sustainability...
Despite the market's rise last week, investors are advised to stay cautious as underwhelming trading participation and value turnover continue to test the local market's potential to sustain its rally this week. Philstocks Financial Research Manager Japhet Tantiangco noted, "the local market...
