The Securities and Exchange Commission (SEC) has revoked the broker-dealer registration of Mount Peak Securities Inc. after uncovering widespread regulatory violations, fraudulent financial reporting, and the use of a dummy account by the firm’s top executive. The regulator’s Markets and...
The World Bank warned that the Philippines’ broad-based economic slowdown in the first quarter of 2026 could spill over into weaker household incomes and higher food prices as the country grapples with an escalating energy price shock triggered by tensions in the Middle East. In its latest...
Local equities fell for a consecutive session, with the benchmark index slipping below a key psychological support level as rising global oil prices and sputtering peso triggered the selloff. The Philippine Stock Exchange index (PSEi) dropped 44.72 points, or 0.75 percent, to finish at 5,896.8 on...
The Philippine Stock Exchange index (PSEi) declined on Monday, May 18, as oil prices rose on fear that the United States (US) may resume its war in Iran after failing to break the deadlock in peace negotiations. The main index dropped 35.25 points, or 0.59 percent, to close at 5,941.52. Miners...
The Philippine peso plummeted again to a new historic low, brushing the whiskers of the ₱62:$1 level on the back of strong demand for the safe-haven United States (US) dollar and a local market that has turned more sensitive to uncertainties. The peso started the week at a new record low against...
Planned initial public offering (IPO) of Mynt, the digital fintech heavyweight backed by Ayala Corp. and Alibaba affiliate Ant Group, will likely look past its initial July target as the company awaits a regulatory overhaul from local bourse officials. While the operator of the ubiquitous GCash...
The Philippine Stock Exchange Inc. (PSE) reported a 49.9 percent surge in first-quarter net income, driven by the burst of trading activity at the start of the year and disciplined cost management. The local bourse said net income rose to ₱381.71 million in January to March 2026 from ₱254.67...
With the conclusion of the first-quarter earnings season, the local stock market is seen turning more bearish as investors take profits from recent gains, with sentiment dampened by the weaker peso, local politicking, and the unresolved Middle East conflict. “The local market has shown positive...
Local stocks retreated on Friday, May 15, pulling the benchmark index back below the 6,000 psychological threshold as sliding peso and cooling remittance data prompted investors to reduce exposure ahead of the weekend. The Philippine Stock Exchange index (PSEi) fell 38.26 points, or 0.64 percent,...
Local equities market climbed back above the key psychological threshold on Thursday, May 14, as late-session bargain hunting offset persistent anxiety over macroeconomic pressures and geopolitical volatility. The Philippine Stock Exchange index (PSEi) advanced 68.25 points, or 1.15 percent, to...
The Securities and Exchange Commission (SEC) has amended its rules by expressly including securities exempt from registration with the commission, such as government securities (GS), in the portfolio threshold requirements for qualified buyers. The SEC said the amendment is aimed at promoting...
The Philippines’ largest fintech industry group is backing the proposal by the Securities and Exchange Commission (SEC) to transfer regulatory oversight of lending and financing companies to the Bangko Sentral ng Pilipinas (BSP). Lito Villanueva, FinTech Alliance PH founding chairman, said the...
