The local stock market is poised to gain momentum this week, driven by expected rate cuts from the United States (U.S.) Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), alongside influential domestic labor and foreign investment data. Philstocks Financial Research Manager Japhet...
The Securities and Exchange Commission (SEC) has launched its upgraded online ticketing system, which now covers all services and allows real-time tracking of inquiries or complaints to improve ease of transactions. The Commission said the upgraded iMessage—its web-based ticketing system for...
The Securities and Exchange Commission (SEC) is poised to ease the minimum public ownership (MPO) requirement for initial public offerings (IPOs), a move that could clear a major hurdle for the long-anticipated market debut of Globe Fintech Innovations Inc. (Mynt), the operator of e-wallet GCash....
The Philippine Stock Exchange (PSE) is disputing a ₱195.24-million tax assessment by the Bureau of Internal Revenue (BIR) and vows to “take appropriate legal action for the cancellation of the assessment.” The bourse said it received a final assessment notice (FAN) from the BIR assessing its...
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...
