The local stock market bucked the global downtrend and bounced back as cautious investors turned into bargain hunters. The main index rose 68.66 points or 0.93 percent to close at 7,440.91 as Holding Firms led gainers although Banks and Property issues were left behind. Volume rose to 3.13 billion...
The Securities and Exchange Commission (SEC) is planning to allow investment companies to operate as umbrella funds that can create sub-funds with segregated assets and liabilities. The Commission has released for public comment the proposed rules on the creation and operation of umbrella funds,...
The local stock market weakened further as the situation at the Russian and Ukranian border continue to heat up. The main index lost 46.54 points or 0.63 percent to close at 7,372.25 although sectoral indices were evenly mixed as conglomerates fell while property firms rally. Volume rose to 1.4...
Yuchengco-led Rizal Commercial Banking Corporation has successfully listed its P14.76 billion Series E ASEAN Sustainability Bonds due 2024 on the Philippine Dealing and Exchange Corporation. Carrying a coupon of 3.00 percent per annum, the bonds saw strong demand from investors which resulted in an...
The Securities and Exchange Commission (SEC) has finally approved the application of the Association of Major Religious Superiors in the Philippines (AMRSP) to change its name. CMSP The official Certificate of Registration for the Conference of Major Superiors in the Philippines (CMSP) was released...
The local stock market declined on renewed concern over tensions between Russia and Ukraine. The main index shed 20.14 points or 0.27 percent to close at 7,418.79 as the Industrial counter led the retreat that was partially offset by the strong gains of the Property and Mining and Oil sectors....
The Department of Finance (DOF) lauded the Securities and Exchange Commission (SEC) for making significant strides in improving the ease of doing business in the Philippines through its digital transformation. In his report to DOF Secretary Carlos G. Dominguez III, SEC Chairperson Emilio B. Aquino...
The Philippine Stock Exchange index ended slightly lower after a day of volatile trading. The main index dipped 13.89 points or 0.19 percent to close at 7,438.93 with sectoral indices evenly mixed. Volume dropped to 911 million shares worth P6.82 billion as gainers outpaced losers 107 to 77 with 56...
The Securities and Exchange Commission (SEC) and the Philippine National Police Anti-Cybercrime Group (PNP-ACG) has arrested employees of CashTrees Lending and seized misused devices used for unregistered online ending applications. In a statement, the SEC said the operation is part of its ongoing...
The local stock market bounces back following positive news overseas and in the domestic front. The main index jumped 142.88 points or 1.96 percent to close at 7,452.82 with the Property and Services sectors leading the rally across the board. Volume rose to 1.16 billion shares worth P9.53 billion...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion initial public offering (IPO) of Bank of Commerce and the P60-billion fixed-rate bonds of its parent company San Miguel Corporation (SMC). The Commission En Banc resolved to render effective the registration...
Local share prices weakened amid growing tension between Russia and Ukraine as well as lingering concern over US interest rates. The PSEi shed 52.21 points or 0.70 percent to close at 7,309.94 as the Property sector led the retreat while the Holding Firms and Mining and Oil counters posted gains....
