The Securities and Exchange Commission (SEC) is planning to issue new rules that will no longer allow the extension of terms of independent directors of publicly listed companies beyond the nine-year limit but will also give them security of tenure during those nine years so they can speak freely...
The Philippine Stock Exchange (PSE) reported a 27.6-percent growth in consolidated net income to ₱508.03 million in the first six months of 2025 from ₱ 398.02 million in the same period last year due to the increase in its stake in Philippine Dealing System Holdings Corp. (PDSHC or PDS...
After the end of the second quarter earnings season, local stock market investors will still be shifting through financial reports while also keeping an eye on the impact of the new Philippine Stock Exchange index composition. “The market will be closely watching the upcoming PSEi rebalancing set...
The Philippine Stock Exchange composite index (PSEi) ended the last trading day of the week on the upside after investors picked stocks later in the session on news of stronger remittances. The main index added 24.08 points, or 0.38 percent, to close at 6,315.93. The industrial sector led the...
The Securities and Exchange Commission (SEC) has drafted guidelines intended to clarify confusing rules on how companies can be exempted from having to register shares prior to their issuance. In a statement, the SEC said the draft rules seek to clarify exempt transactions under the Securities...
Securities and Exchange Commission Chairman Francis Ed. Lim urged the country’s leading financial executives to demonstrate ethical leadership, as the Philippine capital market has lagged behind its regional counterparts due to a lack of integrity. “Integrity is the invisible currency of our...
The Philippine Stock Exchange index (PSEi) dropped on concern that the Philippine national debt will balloon further next year. The main index shed 33.24 points, or 0.53 percent, to close at 6,291.85, although sectoral indices were equally divided. “The market slipped today as some investors may...
The Philippine Stock Exchange index (PSEi) continued to climb as investor sentiment was buoyed by a flurry of positive corporate earnings reports and a flat United States (US) inflation rate, which could influence the Federal Reserve’s decision on a rate cut. The main index rose by 35.24 points,...
The local stock market bounced after dropping in the previous three sessions as investors started bargain hunting. The main index added 35.49 points or 0.57 percent to close at 6,289.85 on Tuesday, Aug. 12, as Conglomerates led the advance while Banks continued to decline. Volume jumped to 756...
The Philippine Stock Exchange index (PSEi) dropped on Monday, Aug. 11, as investors sold off stocks due to a lack of fresh market-moving developments. The main index fell by 85.02 points, or 1.34 percent, to close at 6,254.36. Banks led the retreat, with only the Services counter managing to hold...
The Securities and Exchange Commission (SEC) has drafted guidelines for the adoption of Philippine Financial Reporting Standards (PFRS) in the preparation of sustainability reports by publicly listed companies (PLCs) and large non-listed (LNL) entities. In a notice dated July 30, the SEC Corporate...
The Securities and Exchange Commission has started a fact-finding exercise into the allegations over the surge in valuation of the vast tracts of prime property owned by Villar Land Holdings corporation, and the company said it welcomes the probe. In a media interview, SEC Chairman Francis Lim...
