Malacañang has announced the appointment of former Philippine Stock Exchange (PSE) President Francis Ed Lim as the new chairman of the Securities and Exchange Commission (SEC), following the expiration of the term of current chairperson Emilio B. Aquino. Currently a senior legal counsel...
The local stock market rose further as investors continued to bank on expectations of a low inflation rate for May that increases chances for a rate cut. The main index jumped 60.20 points or 0.95 percent to close at 6,412.86 as the interest rate-sensitive Property sector led the advance while...
Regulators and stock market players are welcoming the enactment of the Capital Markets Efficiency Promotion Act (CMEPA), as it is key to attracting more investors and boosting trading activity on the local bourse. "The passage of CMEPA sends a clear message to both domestic and global investors...
In a world where bankers and tycoons dominate the finance industry, Securities and Exchange Commissioner Attorney Rogelio Quevedo stands as a lovable and excited lolo with his heart set on changing the way we view bureaucracy, red tape, and financial assets. At a press conference held recently in...
Ayala Corporation reported that Globe Fintech Innovations Inc. (Mynt, the owner of GCash) is undergoing a stock split that will result in a lower par value per share and increase its market appeal when it launches its initial public offering. In a disclosure to the Philippine Stock Exchange, Ayala...
The local stock market rose as investors cheered the passage of a law that will reduce the stock transaction tax while also betting that the inflation rate would remain low last May. The main index added 11.13 points or 0.18 percent to close at 6,352.66 as the Property sector led the advance,...
The Securities and Exchange Commission (SEC) has approved the applications of G-Xchange, Inc. (GCash) and Macodimarc Technology Corporation (Pluang PH) to participate in the Commission’s regulatory sandbox. On June 2, 2025, the SEC formally issued the Notice of Approval for Entry into the SEC...
The Securities and Exchange Commission (SEC) has approved the planned initial public offering (IPO) of Maynilad Water Services, Inc. for next month, aiming to raise a maximum of ₱45.8 billion. The Commission En Banc, on May 30, resolved to render effective the registration statement of Maynilad,...
After its weak performance last week, the local stock market will now be waiting for the release of the country’s inflation data for cues as to which direction to take. “Next week, the local market is expected to take cues from various economic data. Primarily, investors are expected to watch...
The Securities and Exchange Commission (SEC) intensifies its crackdown against erring lending and financing companies by revoking the corporate registrations and secondary licenses of 56 companies, mostly lending firms, for failure to comply with reportorial requirements. In an order dated May 29,...
The Securities and Exchange Commission (SEC) has received the Silver Accreditation from London-based standard-setting organization Investors in People (IiP) for fostering an improved workplace environment that promotes best practices in employee engagement, communication and organizational culture....
The Securities and Exchange Commission (SEC) is warning the publc against transacting with advance fee loan scams, and against sharing and lending their registered bank, e-wallet, and other financial accounts, as they could be used as "money mules" by criminal syndicates. The Commission advises the...
