The Securities and Exchange Commission (SEC) is coming out with rules governing the disqualification of directors, trustees, and officers of corporations, as part of its efforts to promote good corporate governance. The Commission has released for public comment the draft Memorandum Circular on the...
Investors will be watching out for signs if Santa Claus will be visiting the local stock market in the last two weeks of trading when the index often rallies before 2021 ends due to positioning for the new year. “Recovery was a major plot-point for equities in 2021, and is likely to spill over to...
The local stock market was mixed but managed to close higher on late buying of blue chips. The main index rose 64.4 points or 0.89 percent to close at 7,297.66 with the advance led by the Holding Firms counter while the Industrial and Mining and Oil sectors retreated. PSE_NEW Volume was high at...
The Philippine Stock Exchange, Inc. (Exchange) has approved the application of Figaro Coffee Group, Inc. (FCG) for the listing of the company's shares, including shares for its P1.78 billion initial public offering. In a statement, Figaro said it will be listing 5.01 billion common shares,...
The Philippine Stock Exchange index bounced back after the previous day’s panic selling as investors gain confidence from stronger US markets. The main index jumped 100.68 points or 1.41 percent to close at 7,233.26 as the Services sector led the rally across the board. Gainers beat losers 109 to...
The local stock market fell after the health department reported the country’s first two cases of the Omicron variant. The PSEi lost 109.41 points or 1.51 percent to close at 7,132.58 as the Property sector led the retreat across the board. 53334 Volume jumped to 1.33 billion shares worth P11.35...
The local stock market rose as investors start buying stocks seen to do well next year. The Philippine Stoc k Exchange index (PSEi) gained 44.38 points or 0.62 percent to close at 7,241.99 although only the Banks and Holding Firms counters advanced while the Services sector led decliners. PSE_NEW...
The local stock market closed almost flat after trading sideways most of the day due to the absence of fresh market moving news. The main index shed 1.31 points or 0.02 percent to close at 7,190.86 as the Services sector led the retreat while the Mining and Oil and Property counters managed to...
The Securities and Exchange Commission (SEC) has approved the planned public offerings by AREIT, Inc. and Cityland, Inc. In its meeting on Dec. 9, the Commission En Banc resolved to render effective the registration statements of AREIT for a P15 billion debt securities program and of Cityland for...
The Land Transportation Office (LTO) will bring back its public service project called "LTO on Wheels" at the Parañaque Integrated Terminal Exchange (PITX) on Saturday, Dec. 11, to make its services more accessible to motorists. (Photo from Parañaque Integrated Terminal Exchange) The "LTO on...
The local stock market declined at the end of the trading week after investors pocketed gains from the recent rally in share prices. The main index dropped 42.75 points or 0.59 percent to close at 7,192.17 as banks led the retreat across the board. 52188 Volume rose to 3.57 billion shares worth...
The local stock market rose on the back of growing optimism that the Omicron variant will not be as bad as initially feared. The main index jumped 87.62 points or 1.23 percent to close at 7,234.92 as banks led the advance with only the Property sector posting a marginal decline. PSE_NEW Volume...
