Veteran stockbrokers Ma. Vivian Yuchengco and Eddie T. Gobing have asked the Court of Appeals to bar the Securities and Exchange Commission (SEC) from implementing its new rule imposing term limits on broker-directors of the Philippine Stock Exchange (PSE) board. In their petition, they asked the...
The Philippine Stock Exchange index (PSEi) declined on Wednesday, Aug. 5, despite the slightly lower July inflation rate of 6.2 percent as investors took profits ahead of the second-quarter gross domestic product (GDP) data release and amid overseas uncertainties. The main index dipped by 10.33...
An iconic scene in The Odyssey is Odysseus’ encounter with the Sirens. Their singing was so beautiful that anyone who heard it lost all self-control. Captivated by the music, sailors would steer their ships toward the Sirens and crash into the rocks. Odysseus wanted to hear the song without...
Local equities fell as global geopolitical friction and domestic fiscal policy concerns eroded risk appetite, halting a previous session rally. The Philippine Stock Exchange index (PSEi) slipped 38.08 points, or 0.6 percent, to close at 6,296.64 on Tuesday, Aug. 4. Sectoral performance was mixed,...
The Philippine Stock Exchange index (PSEi) rallied on Monday, Aug. 3, after oil prices fell on news that the United States (US) had halted strikes against Iran to allow peace negotiations to resume. The main index jumped 98.28 points, or 1.58 percent, to close at 6,334.72. Services led the gains,...
Diversified conglomerate San Miguel Corp. (SMC) listed ₱30 billion worth of preferred shares on the Philippine Stock Exchange (PSE) on Monday, Aug. 3, following a successful follow-on offering (FOO). PSE President and Chief Executive Officer (CEO) Ramon S. Monzon commended SMC for its successful...
The Securities and Exchange Commission (SEC) is urging micro, small, and medium enterprises to incorporate their businesses, aiming to connect small operations with capital market fundraising to drive long-term expansion. The call comes as the corporate regulator wrapped up a three-day event...
This will be a data-driven week for the stock market as investors look ahead to Philippine inflation and gross domestic product (GDP) figures, United States (US) production and employment data, as well as more first-half corporate earnings reports. “Higher-than-expected July inflation might...
The Philippine Stock Exchange index (PSEi) fell as the week ended on Friday, July 31, as investors cashed out ahead of the release of inflation and gross domestic product (GDP) data, as well as the rebalancing of the bourse’s benchmark index next week. The main index lost 69.31 points, or 1.1...
The Parañaque Integrated Terminal Exchange (PITX) is on its way to accommodating up to 300 million passengers as early as this year, after welcoming more than 32 million travelers during the first six months. PITX said its passenger volume reached 32.45 million for January to June on the back of...
Local stocks advanced as investors drew encouragement from signals that the Bangko Sentral ng Pilipinas (BSP) will refrain from aggressive interest-rate hikes, easing worries over rising borrowing costs and bolstering appetite for risk assets. The Philippine Stock Exchange index (PSEi) added 49.01...
The Securities and Exchange Commission (SEC) approved rules allowing the registration and trading of structured warrants, introducing a new derivative product intended to boost liquidity and broaden investment options in the local capital market. Speaking during the SEC on Record weekly online...
