The Securities and Exchange Commission (SEC) has tightened good governance rules by barring from sitting in a corporation’s board those convicted for offenses punishable by imprisonment of over six years. In a statement, the SEC said this new rue is in line with its commitment to ensure good...
The local stock market fell on profit-taking as investors continue to be wary of developments overseas, particularly in Ukraine. The main index dropped 102.93 points or 1.39 percent to close at 7,391.68 as the Property sector led the retreat with only the Mining and Oil counter bucking the trend....
The Securities and Exchange Commission (SEC) has issued a memorandum circular that puts a cap on interest rates and other fees imposed by lending and financing companies, and their online lending platforms (OLPs). SEC Memorandum Circular No. 3, Series of 2022 (SEC MC 3), which will take effect on...
The local stock market continued to regain lost ground as Alert Level 1 took effect in the National Capital Region. The main index rose 93.60 points or 1.28 percent to close at 7,404.61 as Holding Firms led the rally although the Industrial and Property sectors were in the red. Volume eased to 1...
The Securities and Exchange Commission has approved the applications of SeedIn Technology and Eastern Securities for registration as crowdfunding intermediaries. The Commission granted both firms a permanent license each in lieu of a one-year provisional license, although their operations will be...
Security Bank Corporation’s Trust and Asset Management Group (TAMG) expects the Philippine Stock Exchange index (PSEi) to hit the 8,000-mark by the end of the year as the economy rebounds in 2022. In a webinar, the group shared its 2022 outlook for the Philippines equities market and how the...
The local stock market rose after the government decided to reduce quarantine measures to Alert Level 1. The main index added 98.78 points or 1.37 percent to close at 7,311.01 as the Property sector surged to lead the advance although the Services counter lagged behind. Volume increased to 2.11...
Russian invasion, alert level to sway stocks By JAMES A. LOYOLA Russia’s invasion of Ukraine and its impact on global equities and other markets will continue to weigh on the local bourse although an easing of quarantine measures may give the PSEi a little boost. “Next week, the local market is...
AlphanetWorld Corporation, which has been doing business under the name NWorld, has been ordered by the Securities and Exchange Commission (SEC) to stop soliciting investments from the public without the necessary license. In its order, the Commission En Banc directed AlphanetWorld to immediately...
Local share prices fell again after Russia takes more aggressive steps in Ukraine while western powers remain on the sidelines. The main index plunged 151.98 points or 2.06 percent to close at 7,212.23 led by losses in the Industrial and Property sectors although Mining and Oil managed to buck the...
The PSEi dropped as countries impose sanctions against Russia after its troops moved into parts of Ukraine. The main index fell 76.70 points or 1.03 percent to close at 7,364.21 as the Property sector plunged, although the Services and Mining and Oil counters held their ground. Volume declined to...
The Philippine Stock Exchange will be returning to its full-day 5-hour trading schedule starting March 1, 2022 as new COVID-19 cases continue to decline, specially in the National Capital Region. PSE President & CEO Ramon S. Monzon In a Memorandum, PSE President Ramon S. Monzon said the...
