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...
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...
