The Securities and Exchange Commission (SEC) has expanded its list of industries that can avail of its one-day registration process as part of the Commission’s drive to make company registration faster and easier. The SEC said registrations have surged with the expansion of the list of industries...
The Philippine Stock Exchange index (PSEi) fell on Tuesday, Aug. 26, even when it was expected to be buoyed by prospects of lower interest rates, as investors were more concerned about United States (US) President Donald J. Trump’s firing of US Federal Reserve (Fed) Governor Lisa Cook amid the...
The Securities and Exchange Commission (SEC) is “closely monitoring” the arrest of Global Ferronickel Holdings Inc. (FNI) Chairman Joseph C. Sy over allegations of misrepresentation of his citizenship. “Given Mr. Sy’s role as chairman of a publicly listed company, the SEC is closely...
The Securities and Exchange Commission (SEC) has ordered seven online platforms to stop lending-related operations since they are not registered with the Commission. In separate cease and desist orders (CDOs) dated Aug. 15, the SEC Financing and Lending Companies Department (FinLend) directed Cash...
The local stock market is poised for a potential rally as bargain-hunting is expected, fueled by recent gains in United States markets on signals of an upcoming rate cut from the US Federal Reserve, which aligns with investor anticipation of a policy rate reduction from the Bangko Sentral ng...
The local stock market was little changed Friday, Aug.22, as investors waited for the Bangko Sentral ng Pilipinas (BSP) interest rate cut expected next week. The Philippine Stock Exchange Index (PSEi) edged up 3.71 points, or 0.06 percent, to close at 6,281.58. The interest-rate sensitive property...
Villar Land Holdings Corp. maintained that its delay in submitting financial reports was caused by its external auditor’s varying requests for additional audit procedures regarding the valuation of properties acquired for Villar City. The firm confirmed in a statement on Thursday, Aug. 21, that...
The Securities and Exchange Commission (SEC) has fined Villar Land Holding Corp. and its officers a total of ₱12 million after denying the company’s request for an extension to file required financial reports, citing repeated failure to meet deadlines. The SEC’s investigation was prompted by...
The Philippine Stock Exchange has implemented new rules which give it the discretion to cancel trading in the event of natural disasters or terrorist attacks as well as during glitches in the bourse’s trading system. In a memorandum, PSE President and CEO Ramon S. Monzon said these rules have...
The main index of the Philippine Stock Exchange (PSEi) ended on Wednesday, Aug. 20, flat as investors awaited the results of the Federal Reserve meeting before making any major moves. The PSEi eked out a marginal gain of 0.2 points, or 0.003 percent, to close at 6,277.87. Sectoral indices were...
The Philippine Stock Exchange index (PSEi) dipped as investors continued to wait for market-moving news. The main index shed 11.21 points, or 0.18 percent, to close at 6,277.67 on Tuesday, Aug. 19. The Services counter led the decliners, while the Conglomerates and Mining sectors managed to...
The Philippine Stock Exchange index (PSEi) started the week on a soft note as share prices declined amid a lack of fresh catalysts. The main index dropped 27.05 points, or 0.43 percent, to close at 6,288.88. Sectoral indices were mixed. Volume declined to 747 million shares worth ₱6.18 billion,...
