The local stock market dropped further after the US Federal Reserve decided not to cut interest rates due to inflation. The main index lost 45.81 points or 0.74 percent to close at 6,107.66 with Miners and Conglomerates seeing the biggest losses while Property and Services managed to advance....
The group of lenders led by the Bankers Association of the Philippines (BAP) is selling a smaller stake in Philippine Dealing System Holdings Corporation (PDSHC) to the Philippine Stock Exchange than the amount earlier targeted. In a disclosure, the PSE said that it has entered into a Share...
The Philippine Dealing & Exchange Corporation (PDEx) is launching a new derivative product on Monday, Feb. 3, the first purely Philippine peso-denominated interest rate hedge. On the sidelines of the Financial Executives Institute of the Philippines' inaugural meeting, PDEx President Antonino...
The local stock market fell to a 14-month low as investors turned cautious and sold off shares ahead of the Chinese New Year holiday. The main index dropped 43.41 points, or 0.70 percent, to close at 6,153.47. The services sector plunged, while the banks and industrials sectors managed to gain....
The Securities and Exchange Commission (SEC) reported that there are currently 16 micro-, small, and medium enterprises (MSMEs) that are interested in an initial public offering (IPO) while 358 firms are potential crowdfunding issuers. During the SEC Roadshow on Capital Formation for MSMEs and...
The Philippine Stock Exchange (PSE) index continued its decline as investors awaited the results of the US Federal Reserve meeting and the release of Philippine economic growth figures. The main index plunged 99.32 points, or 1.58 percent, to close at 6,196.88, with the Industrial sector leading...
Philippine Dealing & Exchange Corporation (PDEx) is targeting listing P600 billion worth of fixed income securities this year, 50 percent more than last year’s target and 67 percent higher than the P360 billion realized in 2024. In an interview at the sidelines of the Financial Executives...
Stock market investors are hoping for some positive cues from the US Federal Reserve this week although both sentiment and technical indicators point downward even though share prices are already at attractive levels. Philstocks Financial Research Manager Japhet Tantiangco said “The local market...
The Securities and Exchange Commission (SEC) and the International Finance Corporation (IFC) have formalized a cooperation agreement to support the 30by30 Zero Philippines Program to accelerate sustainable finance in the country. Under the agreement, the SEC and the IFC will undertake...
Starting Feb. 3, 2025, the country’s first real estate investment trust AREIT Inc. will debut at the Philippine Stock Exchange’s 30-company benchmark index while China Banking Corporation will return to the PSEi after almost 14 years. In a statement, the PSE said the two firms will join the PSE...
Share prices fell despite gains in the US after the Philippine government cast doubts about meeting last year’s economic growth target. The main index dropped 82.66 points or 1.30 percent to close at 6,296.20 as Banks led the retreat with only Miners bucking the trend. Volume grew to 1.14...
The Securities and Exchange Commission has approved the plan of Saavedra-led Megawide Construction Corporation to raise up to P6 billion from the issuance of preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said the SEC has issued on January 23, 2025 the Certificate of...
