The Makati City Regional Trial Court has upheld the conviction of the officers of the delisted Calata Corporation for making misleading statements about its supposed Mactan Leisure City project, which led to a surge in the trading of its shares in 2016. In a consolidated order dated May 19, Branch...
The Philippine stock market is expected to continue moving sideways this week after benign inflation failed to spur a rally, although some investors will take cues from data to be released by the Bangko Sentral ng Pilipinas, including foreign direct investment and balance of payment numbers....
The Philippine Stock Exchange reported that a number of accounts opened with its trading participants jumped by 50.1 percent to 2.86 million last year from 1.91 million in 2023, due to a 62.0 percent surge in online accounts to 2.47 million from 1.53 million. “This 50 percent jump in number of...
The Securities and Exchange Commission (SEC) credited outgoing Chairperson Emilio B. Aquino for championing reforms that paved the way toward a more business-friendly and innovative corporate sector and efficient capital market. “When I started my term, I envisioned an SEC that empowers...
The Philippine Stock Exchange, Inc. (PSE) thanked President Ferdinand R. Marcos Jr. for signing into law R.A. No. 12214 or the Capital Markets Efficiency Promotions Act (CMEPA). “The immediate reduction of the stock transaction tax (STT) to 0.1 percent from 0.6 percent is a much-awaited reform...
The Philippine Stock Exchange is seeking input from select market players on proposed changes to the criteria for inclusion in the bourse’s benchmark and other indices, but a leak resulted in a plunge in the share price of China Banking Corporation. The proposal sent to some fund managers as well...
The Philippine Stock Exchange index (PSEi) ended the day almost flat despite the announcement of a low inflation rate for May, as this was already expected and priced in by the market. The main index shed 1.77 points or 0.03 percent to close at 6,376.79, although only Banks declined, while the...
GCash will now provide Filipino investors with access to the largest global stocks, following the Securities and Exchange Commission 's (SEC) approval of the fintech 's regulatory sandbox for its stock trading service. “This initiative marks a pioneering step toward making global...
The Securities and Exchange Commission (SEC) boasts of a seven-year streak in receiving a good housekeeping mark from the Commission on Audit (COA), with unmodified opinions for its financial statements, under the leadership of Chairperson Emilio B. Aquino. The Commission on June 2 received...
The Philippine Stock Exchange index (PSEi) fell on Wednesday, June 4, as investors opted to secure profits from the past two trading sessions while awaiting clearer signals from upcoming inflation figures. The main index shed 34.3 points (0.53 percent), closing at 6,378.56. The mining sector...
The Securities and Exchange Commission (SEC) has launched a new artificial intelligence (AI)-powered digital platform that will assist and answer public queries related to the Commission 's rules and regulations in real time. The Commission on June 2 officially rolled out SEC AInnovation, a...
President Marcos has appointed lawyer Francis Edralin Lim as the new chairperson of the Securities and Exchange Commission (SEC). Executive Secretary Lucas Bersamin made the announcement on Tuesday, June 3, the same day of his designation. "Today the President has appointed Atty. Francis Edralin...
