The Securities and Exchange Commission (SEC) has revoked the corporate registrations and issued fines against two construction companies owned by the Discayas, contractors linked to a high-profile flood control corruption scandal, for submitting false beneficial ownership information. In separate...
The Securities and Exchange Commission (SEC) is set to release guidelines for sukuk issuances in the Philippines, a key step in the government’s push to develop the Islamic capital market and expand local investment options. The SEC has opened its proposed guidelines on the issuance and...
The Philippine Stock Exchange index (PSEi) fell on Wednesday, Dec. 3, due to the ballooning national debt, weaker peso, and the sudden resignation of Rogelio Singson from the body investigating anomalous flood-control projects. The main index dropped 88.56 points, or 1.48 percent, to close at...
The Securities and Exchange Commission (SEC) called for collective action to strengthen corporate governance standards and promote sustainability-oriented decision-making. The SEC recently concluded the 12th Corporate Governance Forum, which was held in partnership with Institute of Corporate...
The Philippine Stock Exchange index (PSEi) ended a bit higher on Tuesday, Dec. 2, after listless trading during the day as investors remained cautious ahead of the release of inflation figures for November. The main index inched up by 5.11 points, or 0.09 percent, to close at 5,994.4, mainly due to...
The Philippine Stock Exchange Index (PSEi) corrected on Monday, Dec. 1, with investors booking gains after the country’s manufacturing index fell. The main index dropped 32.95 points, or 0.55 percent, to close at 5,989.29. Conglomerates led the retreat, even as the Services and Mining sectors...
The Securities and Exchange Commission (SEC) reported 43,185 new corporate registrations as of the end of October, reflecting sustained entrepreneurial activity despite a slight dip from the previous year. According to the SEC, the figure is 5.4 percent lower than the 45,624 registrations recorded...
Investors in the local stock market hope that share prices will sustain last week’s gains as the government is set to announce the November inflation rate this week, which could support a rate cut by the Bangko Sentral ng Pilipinas (BSP). “Whilst hard fought, positive sentiment still took over...
The Philippine Stock Exchange index (PSEi) on Friday, Nov. 28, more than recovered the previous day’s losses as the market took confidence from global debt watcher S&P’s affirmation of the country’s investment-grade credit rating. The main index rose by 53.11 points, or 0.89 percent, to close...
Philippine stocks failed to hold the key 6,000-level on Thursday, Nov/ 27, as investors immediately took profit from the previous session’s advance, pulling the main index lower. The Philippine Stock Exchange Index (PSEi) dropped 35.57 points, or 0.59 percent, to close at 5,969.13. Banks led the...
The Securities and Exchange Commission (SEC) is giving entrepreneurs an online platform that allows them to simulate the company registration process as part of efforts to make it easier to do business in the country. The Commission said it has launched Company Registration Simulation, a feature...
The Securities and Exchange Commission (SEC) has approved 16 rental pool deals of Sta. Lucia Land Inc. (SLI), processed under the streamlined guidelines for Securing and Expanding Capital in Real Estate Non-Traditional Securities (SEC RENT). The Commission En Banc, in a meeting on Nov. 25, resolved...
