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...
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...
