Villar Land Holdings Corp. maintained that its delay in submitting financial reports was caused by its external auditor’s varying requests for additional audit procedures regarding the valuation of properties acquired for Villar City. The firm confirmed in a statement on Thursday, Aug. 21, that...
The Securities and Exchange Commission (SEC) has fined Villar Land Holding Corp. and its officers a total of ₱12 million after denying the company’s request for an extension to file required financial reports, citing repeated failure to meet deadlines. The SEC’s investigation was prompted by...
The Philippine Stock Exchange has implemented new rules which give it the discretion to cancel trading in the event of natural disasters or terrorist attacks as well as during glitches in the bourse’s trading system. In a memorandum, PSE President and CEO Ramon S. Monzon said these rules have...
The main index of the Philippine Stock Exchange (PSEi) ended on Wednesday, Aug. 20, flat as investors awaited the results of the Federal Reserve meeting before making any major moves. The PSEi eked out a marginal gain of 0.2 points, or 0.003 percent, to close at 6,277.87. Sectoral indices were...
The Philippine Stock Exchange index (PSEi) dipped as investors continued to wait for market-moving news. The main index shed 11.21 points, or 0.18 percent, to close at 6,277.67 on Tuesday, Aug. 19. The Services counter led the decliners, while the Conglomerates and Mining sectors managed to...
The Philippine Stock Exchange index (PSEi) started the week on a soft note as share prices declined amid a lack of fresh catalysts. The main index dropped 27.05 points, or 0.43 percent, to close at 6,288.88. Sectoral indices were mixed. Volume declined to 747 million shares worth ₱6.18 billion,...
The Securities and Exchange Commission (SEC) is planning to issue new rules that will no longer allow the extension of terms of independent directors of publicly listed companies beyond the nine-year limit but will also give them security of tenure during those nine years so they can speak freely...
The Philippine Stock Exchange (PSE) reported a 27.6-percent growth in consolidated net income to ₱508.03 million in the first six months of 2025 from ₱ 398.02 million in the same period last year due to the increase in its stake in Philippine Dealing System Holdings Corp. (PDSHC or PDS...
After the end of the second quarter earnings season, local stock market investors will still be shifting through financial reports while also keeping an eye on the impact of the new Philippine Stock Exchange index composition. “The market will be closely watching the upcoming PSEi rebalancing set...
The Philippine Stock Exchange composite index (PSEi) ended the last trading day of the week on the upside after investors picked stocks later in the session on news of stronger remittances. The main index added 24.08 points, or 0.38 percent, to close at 6,315.93. The industrial sector led the...
The Securities and Exchange Commission (SEC) has drafted guidelines intended to clarify confusing rules on how companies can be exempted from having to register shares prior to their issuance. In a statement, the SEC said the draft rules seek to clarify exempt transactions under the Securities...
Securities and Exchange Commission Chairman Francis Ed. Lim urged the country’s leading financial executives to demonstrate ethical leadership, as the Philippine capital market has lagged behind its regional counterparts due to a lack of integrity. “Integrity is the invisible currency of our...
