The Securities and Exchange Commission (SEC) announced that it is strictly enforcing its rules, reminding delinquent and inactive firms to submit the required documents for their businesses to avoid revocation of their licenses and termination from the commission. SEC Chairperson Emilio B....
Senator Sherwin Gatchalian on Sunday, November 5 urged state regulators to strengthen mechanisms for consumer protection amid the continuing proliferation of online fraudulent activities especially with the onset of the Christmas season. Gatchalian, in particular, urged the...
Plastic Credit Exchange (PCX), a global plastic waste solutions initiative led by Filipino entrepreneur and philanthropist Nanette Medved-Po, will join the push to eliminate plastic pollution in the upcoming International Negotiating Committee (INC) in Nairobi, Kenya from Nov. 13 to 19, 2023. The...
The local market is expected to draw fewer market participants this week amid the three-day trading break on Oct. 30 for the Barangay and Sangguniang Kabataan Elections (BSKE) 2023, and Undas season on Nov. 1 and 2. According to online brokerage firm 2TradeAsia, the drop in the local stock...
The Securities and Exchange Commission (SEC) has approved Filinvest Land Inc.’s shelf registration for fixed-rate bonds worth up to P35 billion. In a statement, the SEC said its Commission En Banc “resolved to render effective the registration statement of Filinvest Land covering...
The local market sank further as investors continue to disengage due to negative global outlooks. The main index dropped by 48.72 points or 0.80 percent closing at 6,039.72 with all sectoral indices down for the second consecutive day. Total volume of shares traded was 276 million worth...
The local stock market fell at the start of the week as potential interest rate hikes continue to drag out investors’ sentiments. The main index dropped by 54.46 points or 0.86 percent closing at 6,088.44, with all sectoral indices in red, notably the Mining and Oil and Industrial sectors taking...
The Securities and Exchange Commission's (SEC) Electronic Simplified Processing of Application for Registration of Company (eSPARC) system won a 2023 Innovation Award at the Corporate Registers Forum (CRF) held in Malta from Oct. 17 to 20. The SEC’s eSPARC, launched in 2021, is the...
The Securities and Exchange Commission (SEC) reminded companies that it will strictly enforce the Revised Corporation Code of the Philippines (RCC) and will duly penalize non-compliant companies. On Oct. 18, the SEC released a list of 22,403 corporations that have failed to submit their...
The local market is forecasted to remain volatile throughout the week as analysts caution investors and traders on oil price pressures and tightening monetary policy. China Bank Capital Corporation Managing Director Juan Paolo Colet said the “increasing US Treasury yields and the volatile...
The local stock market ended the week down as investors are wary of climbing inflation rates in the US. The main index dropped by 76.26 points or 1.23 percent closing at 6,142.90 with all sectoral indices in red, and the Mining and Oil sector severely plummeting by 655.58 points or 6.05...
The Philippine Stock Exchange Inc. (PSE) announced that it will formally launch its short selling program on Nov. 6 after it was setback from the original Oct. 23 launch date. The PSE defines short selling as "any sale of a security that will be settled by the delivery of borrowed securities, which...
