The local stock market surged to end the week at its highest level this year as investors cheered the lower-than-expected inflation rate for October and the loosening of quarantine restrictions. The main index jumped 137.05 points or 1.90 percent to close at 7,340.77 as the Property and Services...
The Securities and Exchange Commission (SEC) has stopped the registration of new online lending platforms (OLPs) of financing and lending companies as it prepares to issue new rules that will address abuses in the industry. The commission issued SEC Memorandum Circular No. 10, Series of 2021, which...
The PSEi sustained its rally for the third session this week, boosted by positive corporate earnings reports. The main index added 19 points or 0.26 percent to close at 7,203.72 as the Mining and Oil counter bounced back and led the advance across the board. PSE_NEW Volume was steady at 4.69...
The Department of Transportation (DOTr) is now looking to resume the 24-hour operations of public utility vehicles (PUVs), particularly passenger buses, in Metro Manila to cater to the expected influx of passengers with the lifting of curfew hours in the region. (Photo from Department of...
The local stock market followed through on the previous day’s rally as upbeat investors bought up shares. The main index rose by 78.71 points or 1.11 percent to close at 7,184.72 with the Property sector leading the charge while the Mining and Oil counter was the only one in the red. 43349 Volume...
The local stock market bounced from last week’s drop as investors started picking up bargains on the back of stronger US bourses. The main index 51.31 points or 0.73 percent to close at 7,106.01 as Holding Firms led the advance while the Industrial and Mining and Oil counters retreated. PSE_NEW...
The local stock market is seen to start weaker due to the extension of quarantine measures although investors’ sentiment will also be swayed by the October inflation figure as well as corporate earnings reports. “The failed hopes of downgrading the National Capital Region’s alert level by...
The Department of Justice (DOJ) has affirmed the findings of the Securities and Exchange Commission (SEC) by recommending the filing of criminal charges against Organico Agribusiness Ventures Corporation and its officers for unauthorized solicitation of investments. In a resolution on September 3,...
The local stock market fell as investors cashed out ahead of the long weekend. The main index dropped 103.03 points or 1.44 percent to close at 7,054.70 as the Services and Property counters led the decline across the board. 42281 Volume was steady at 1.12 billion shares worth P7.7 billion as...
The local stock market dropped on more profit-taking as investors wait for developments here and from overseas. The main index fell 72.42 points or 1.00 percent to close at 7,157.73 as the Property and Mining and Oil counters fell with only the Services sector rising. 42016 Volume was slightly...
The PSEi dipped on foreign selling of some index heavyweights as funds were moved to the US. The main index declined 21.95 points or 0.30 points to close at 7,239.15 although sectoral indices were evenly mixed with Holding Firms leading the retreat while the Industrial counter posted the highest...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion preferred shares offering by Cirtek Holdings Philippines Corporation. In its meeting on October 26, the Commission En Banc resolved to render effective the registration statement of Cirtek covering 50 million...
