The Securities and Exchange Commission (SEC) announced that it has joined the Global Financial Innovation Network (GFIN), in line with its commitment to supporting the development of the Philippine capital market and overall financial sector. Formally launched in 2019, the Global Financial...
Real estate giant Ayala Land Inc. posted a 74 percent drop in net income to P8.7 billion last year from P33.2 billion in 2019 but is increasing capital expenditures as it is optimistic of a recovery in 2021. In a media briefing, ALI President and CEO Bernard Vincent O. Dy said the firm endured...
The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corporation’s planned issuance of fixed-rate bonds worth up to P30 billion. The SEC said AboitizPower may issue the debt securities in one or more series within three years. For the first tranche, the listed...
The Securities and Exchange Commission (SEC) announced its fifth legal victory in an ongoing crackdown on predatory lending, after a regional trial court convicted the incorporators and directors of Naurasidhu55 Lending and Trading Corporation. In a statement, the SEC...
Trading at the stock market this week is seen to be volatile due to a confluence of factors including earnings reports from some blue chip companies. Photo credit: https://www.pse.com.ph “A shortened trading week (EDSA Revolution Anniversary on February 25) interspersed with earnings...
The Securities and Exchange Commission (SEC) said it will soon allow corporations and partnerships to file their audited financial statements (AFS), General Information Sheet (GIS) and other annual reports online. In a statement, the Commission will allow filings in in digital format and remotely...
The Securities and Exchange Commission (SEC) has approved the P14.71 billion initial public offering (IPO) of DoubleDragon Properties Corporation’s real estate investment trust (REIT). The SEC En Banc resolved to render effective the registration statement of DDMP REIT, Inc. for 17.83 billion...
The local stock market gave up most of the previous day’s gains Wednesday, (Feb. 17) as investors went back to selling mode. The main index fell 77.63 points or 1.1 percent to close at 6,966.43 as all counters retreated, led by the Financials and Property sectors. Volume remained high at...
Cebu Air Inc., the firm behind carrier Cebu Pacific, has set the final price range for its planned P12.5 billion rights offering of convertible preferred shares at P38.00 per entitlement right. In a disclosure to the Philippine Stock Exchange, Cebu Air said it is offering 328.95 million...
The Securities and Exchange Commission (SEC) again warns the public against individuals and groups engaged in unauthorized investment-taking activities disguised as cryptocurrency trading and franchising. In separate advisories issued on February 9, the Commission advised the public to...
The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Chiyuto Creative Wealth Documentation Facilitation Services for operating an unauthorized investment program that resembles a Ponzi scheme. The SEC Enforcement and Investor Protection Department...
The local stock market bounced back to the 7,000 level as global stocks rallied. The PSEi hiked 84.85 points or 1.22 percent to close at 7.044.06 as sub-indices rose across the board. A hefty 21.86 billion shares worth P18.16 billion changed hands as gainers beat losers 122 to 89 with 54...
