Share prices declined before the long Christmas weekend as US markets weakened on continued worries over rates and recession. The main index shed 35.91 points or 0.55 percent to close at 6,541.03 Friday, Dec. 23, as Conglomerates led the retreat while the Industrial and Services sectors managed to...
The local stock market rose again on the back of more optimism in the US spurred by better corporate earnings. The Philippine Stock Exchange index added 56.14 points or 0.86 percent to close at 6,576.94 Thursday, December 22, with Conglomerates leading the advance while Banks and Miners declined....
The Securities and Exchange Commission (SEC) is accepting payments purely online and offsite starting Feb. 1 next year as it continues to implement a zero face-to-face transaction policy. In a notice, the Commission announced that all payments will be accepted only through the Electronic System for...
Stocks bounce on bargain-hunting By JAMES A. LOYOLA The local equities market bounced after a series of losses as investors started to pick up cheaper stocks. The main index added 43.85 points or 0.68 percent to close at 6,458.12 with the Services sector leading the advance although Banks lagged...
The local stock market continued to drop on worries over a possible recession in the US. The main index lost 82.23 points or 1.27 percent to close at 6,414.27 with the retreat led by the Services sector, mainly due to PLDT’s plunge, with only the Property counter advancing. Volume jumped to 1.31...
The Securities and Exchange Commission (SEC) has started an investigation into the alleged sell-off of PLDT Inc. shares prior to its disclosure of P48 billion in “budget overruns.” In a statement, the SEC said it is closely monitoring issues that have arisen from the recent disclosures of PLDT...
While local stock market players usually hope for a “Santa Claus rally” before the end of the year, the outlook for this week seems gloomy as US bourses continued to drop. Market pundits are hoping fund managers will start window-dressing stocks in their portfolio to come up with a rosier...
While local stock market players usually hope for a “Santa Claus rally” before the end of the year, the outlook for this week seems gloomy as US bourses continued to drop. Market pundits are hoping fund managers will start window-dressing stocks in their portfolio to come up with a rosier...
The Philippine Institute of Certified Public Accountants (PICPA) has recognized top officials of the Securities and Exchange Commission for their contributions in upholding transparency and accountability as accountants in the government service. SEC Chairperson Emilio B. Aquino received the...
The Philippine Institute of Certified Public Accountants (PICPA) has recognized top officials of the Securities and Exchange Commission for their contributions in upholding transparency and accountability as accountants in the government service. SEC Chairperson Emilio B. Aquino received the...
While various big business groups have aired their opposition to the government’s plan to establish a sovereign wealth fund (SWF) called the Maharlika Investment Fund (MIF), the Philippine Stock Exchange came out to voice its support for the proposal. In a short statement, PSE President Ramon S....
The local stock market dropped further on growing fears that the US will go into recession. The main index fell 70.30 points or 1.07 percent to close at 6,496.50 as the Mining and Oil sector led the retreat with only the Industrial counter managing to hold its ground. Volume was stable at 558...
