The Securities and Exchange Commission (SEC) has approved the planned P3.15 billion stock rights offering of Philex Mining Corporation to fund the development of its Silangan mine. The Commission En Banc resolved to render effective the registration statement filed by Philex Mining for a stock...
The PSEI lost the previous day’s gains as it ended what has been a week of see-saw trading. The main index shed 22.55 points or 0.30 percent to close at 7,251.97 as the Property sector led the retreat although the Banks and Industrial sectors posted strong gains. Volume jumped to 1.2 billion...
The local stock market bucked the regional trend and managed to move up after the release of better-than-expected economic numbers for the last quarter of 2021. The main index gained 19.91 points or 0.27 percent to close at 7,273.52 as Banks led the advance although the Holding Firms and Mining and...
The Philippine Stock Exchange (PSE) is considering to return to full-day trading now that the Omicron-fuelled COVI-19 surge is seen to have peaked in Metro Manila and projected daily cases are seen to drop even further next month. In an announcement that was later removed, the PSE said that it was...
The Securities and Exchange Commission (SEC) has approved the planned public offering by Century Properties Group Inc. (CPGI) of P6 billion worth of fixed-rate bonds under shelf registration. In its meeting on Jan. 25, the Commission En Banc resolved to render effective the registration statement...
The PSEi lost the previous day’s gains as investors trade cautiously while waiting for the US Federal Reserve to announce the results of its ongoing meeting. The main index dropped 34.69 points or 0.47 percent to close at 7,253.61 as Banks led the decline while the Mining and Oil counter bucked...
The local stock market rose as investors have become cautiously optimistic that quarantine measures may be eased in the National Capital Region where the COVID-19 variant Omicron surge appears to have peaked. The main index gained 35.57 points or 0.49 percent to close at 7,288.21 as the Industrial...
The Department of Transportation (DOTr) is looking to open vaccination sites in various transport terminals such as rail lines, airports, and seaports nationwide as part of efforts to encourage more people to get inoculated against the coronavirus disease (COVID-19). 'WE VAX AS ONE' —...
Local share prices weakened as investors wait for the US Fed’s meeting as well as the release of the latest Philippine gross domestic product numbers. The main index lost 40.88 points or 0.56 percent to close at 7,252.64 as Banks led the retreat across the board. Volume remained low at 1.96...
The Securities and Exchange Commission (SEC) has tapped institutional partners to expand the reach of its financial literacy campaign that aims to encourage Filipinos to place their money in safe and secure investments. In its report to Finance Secretary Carlos G. Dominguez III, the SEC said its...
The Securities and Exchange Commission (SEC) has ordered Goodpocket and Easymoney Lending Corporation to stop operating as lending firms because they do not have the necessary licenses from the Commission. In an order issued January 18, the Commission En Banc directed Goodpocket and Easymoney to...
The local stock market will take cues this week from the US Federal Reserve’s first round of Federal Open Market Committee meeting as well as the release of the Philippines’ fourth quarter gross domestic product data. “The Fed's first round of FOMC this year on Jan 25-26 (statement out on the...
