To ensure that the Philippines stays out of the grey list of global financial crimes watchdog Financial Action Task Force (FATF), the Securities and Exchange Commission (SEC) is rolling out more reforms to combat money laundering and terrorist financing. In a press conference, SEC Chairperson...
The local stock market bounced after news that the Philippines will continue to receive US aid, while upbeat corporate earnings further lifted investor sentiment. The Philippine Stock Exchange index (PSEi) rallied by 80.80 points or 1.33 percent to close at 6,144.96 on Wednesday, Feb. 26, as Banks...
The Securities and Exchange Commission (SEC) has approved Megawide Construction Corporation’s planned public offering of up to ₱5.95 billion worth of preferred shares. In its meeting on Feb. 25, the Commission En Banc resolved to render effective Megawide’s registration statement covering a...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, has successfully raised ₱25 billion from the issuance of fixed-rate retail bonds, which it listed on the Philippine Dealing & Exchange Corporation (PDEx) on Feb. 25, 2025. The issuance, consisting of...
The local stock market weakened as investor sentiment remains dampened by geopolitical concerns such as US tariffs and discouraging economic and inflation numbers. The main index dropped on Tuesday, Feb. 25, by 31.81 points or 0.52 percent to close at 6,064.16, as conglomerates led the retreat...
Despite sealing deals to acquire the stakes of its fellow shareholders in the Philippine Dealing System Holdings Corporation (PDSHC), the Philippine Stock Exchange (PSE) will still be more than 20 percent shy of its target of full ownership of the fixed-income bourse owner. In a disclosure, the PSE...
To support the strong economic growth and the rise of new businesses in the Cagayan Valley region, the Securities and Exchange Commission (SEC) has opened a new office in Ilagan City. The SEC inaugurated the SEC Ilagan Extension Office (EO) on Feb. 24, located at the ground floor of The Capital...
The Securities and Exchange Commission (SEC) is pushing for the expansion of the government securities (GS) repurchase agreement (repo) market as part of its commitment to deepen the country’s capital market. The Commission said in a statement that since it assumed direct market oversight in...
The Philippine Stock Exchange index (PSEi) ended almost flat on Monday, Feb. 24, as gains of banks and conglomerates managed to balance losses of other sectors. The main index shed 2.07 points or 0.03 percent to close at 6,095.97 with the industrial and services counters leading decliners. Volume...
The local stock market is seen to remain volatile due to geopolitical and interest rate concerns, although share prices may get a boost from the Philippines’ exit from the grey list of the Financial Action Task Force (FATF). Unicapital Securities Equity Research Analyst Jeri R. Alfonso said that...
The Philippines has successfully exited the grey list of the Financial Action Task Force (FATF) following reforms implemented by the Securities and Exchange Commission (SEC) to enhance financial integrity and transparency in the corporate sector. On the final day of the FATF plenary on Feb. 21,...
The local stock market recovered some lost ground to close the week on a higher level than in the previous Friday. The main index added 31.41 points or 0.52 percent to close at 6,098.04 as the Property sector bounced back to lead the advance while Banks dipped. Volume declined to 1.65 billion...
