The local stock market dropped on concern that the US Federal Reserve will keep rates high as inflation remains elevated. The main index lost 48.27 points or 0.73 percent to close at 6,566.80 as the Services sector led all counters in the retreat. A total of 2.06 billion shares worth P7.27 billion...
The Securities and Exchange Commission has confirmed that the Bank of the Philippine Islands’ P5-billion 1.5-year Peso Fixed-Rate Bonds due 2024 called BPI Reinforcing Inclusive Support for MSMEs Bonds (BPI RISE Bonds) has qualified as ASEAN Social Bonds. The bank said in a disclosure to the...
The local stock market moved up after news that US inflation slowed down in November, boosting hopes of less aggressive interest rate hikes. The main index added 32.69 points or 0.50 percent to close at 6,615.07 as Conglomerates led the advance but the Property counter stayed in the red. Volume...
Officials of the Philippine National Police Academy (PNPA) have started exploratory talks with Indonesia for a cadet exchange program between the two countries. The Cadet Exchange Program was among the highlights during the meeting between PNPA officials and the Indonesian National Police (INP) led...
Leisure & Resorts World Corporation (LRWC) said its stockholders have approved the issuance of 691,200,000 common shares to raise up to P1.85 billion in a new round of private placement. In a statement, LRWC said the issuance was approved through its Special Stockholders’ Meeting held on...
The local stock market closed flat as investors wait for the meetings of US and Philippine central banks. The main index shed 2.82 percent or 0.04 points to close at 6,582.38 as sectoral indices were evenly split. Volume was thin at 705 million shares worth P5.4 billion as losers beat gainers 113...
The Securities and Exchange Commission (SEC) has announced the deadlines for the submission of the annual financial statements (AFS) and general information sheets (GIS) of corporations in 2023. All stock and nonstock corporations are required to submit their annual reports online through the SEC...
Emperador Properties, the $1-billion personal real estate investment company of tycoon Dr. Andrew L. Tan, is going public as the first and only Filipino company to be listed in the Spanish stock exchange. In a statement, the firm said it became a REIT (known as SOCIMI in Spain) in September 2021....
The PSEi lost most of its early gains but managed to remain in the green at the end of trading. The main index ibched ip 5.08 points or 0.08 percent to close at 6,585.20 mainly on the strength of Banks as the Services and Property counters retreated. Volume was lower at 570 million shares worth...
The Securities and Exchange Commission (SEC) is considering speeding up registration of companies and partnerships by accrediting service providers and agents who may assist the public in processing applications and other transactions. On Dec. 12, the corporate watchdog released for public comment...
DHSUD Secretary, Jose Rizalino “Jerry” Acuzar, keynotes the recently held 1 st Stakeholders’ Night of the National Home Mortgage Finance Corporation. Now ready for housing developers Department of Human Settlements and Urban Development...
The Ayala Group of Companies accounted for a quarter of the 32 Philippine publicly listed companies (PLCs) recognized during the recently held 2021 ASEAN Corporate Governance Scorecard (ACGS) awards. These firms are Ayala Corporation, Ayala Land, Inc., Bank of the Philippine Islands, Globe Telecom,...
