The PSEi ended the week on a positive note as investors continue buying stocks as the ceasefire between Israel and Iran is holding despite a shaky start. The main index jumped by 77.62 points, or 1.23 percent, to close at 6,408.27—led by the strength of the property sector, although miners fell...
The Securities and Exchange Commission (SEC) has ordered Convenience Cash Lending Corporation to stop operating its unregistered lending activities, including those under the names Zada Cash and Bloom Cash. In a cease and desist order (CDO) issued on May 27, the SEC Financing and Lending Companies...
The Philippine benchmark index inched up as investor sentiment remained buoyed by easing oil prices amid a ceasefire in the Middle East. The main index added 5.01 points or 0.08 percent to close at 6,330.65 on Thursday, June 26, although only Conglomerates and the Property counter managed to...
The Securities and Exchange Commission (SEC) is making access to corporate data more affordable by slashing the prescribed fees and charges for requests for corporate documents by half starting July 1. The Commission on June 24 issued Memorandum Circular No. 6, Series of 2025, providing for the...
After showing signs of recovery the previous day, the Philippine peso returned to the ₱56 level as investor confidence grew over the tentative Iran-Israel ceasefire, while the United States (US) dollar slipped to test its recent lows. Data from the Bankers Association of the Philippines (BAP)...
The local stock market rose further as the peso firmed up while oil prices dropped due to the ceasefire between Israel and Iran. The main index added 32.89 points or 0.52 percent to close at 6,325.64 on Wednesday, June 25, with the advance led by the Property sector, although Banks and Industrials...
The PSEi bounced back after Iran made only a token response to the United States (US) bombing of its nuclear facilities and the US announced a ceasefire, although investors’ relief eventually gave way to caution and trimmed intra-day gains. The main index rose by 74.47 points, or 1.2 percent, to...
After hitting a nearly three-month low in the previous day, the peso rebounded against the United States (US) dollar, influenced by a tentative ceasefire between Iran and Israel, which pushed global crude oil prices to near two-week lows. Data from the Bankers Association of the Philippines (BAP)...
The Philippine Stock Exchange index (PSEi) plunged in a knee-jerk reaction to the United States’ (US) bombing of Iran’s nuclear facilities, as this may lead to further escalation in the conflict and fuel more oil price hikes. The main index fell by 121.49 points, or 1.92 percent, to close at...
With no major economic data scheduled for release this week, the local stock market is expected to remain weighed down by the ongoing conflict between Israel and Iran and the inflationary effects of its impact on oil prices. Philstocks Financial Research Manager Japhet Tantiangco said the local...
The Securities and Exchange Commission has issued new rules requiring financing and lending firms to have landline numbers and fixed addresses to which they can be reached to ensure accountability and their legitimacy. Under the new rules, the name of the company and its address must match those...
The Philippine stock market ended the week lower, as investors worried about the inflationary effects of higher oil prices due to the Israel-Iran conflict, coupled with a weaker peso. The main index shed 17.24 points, or 0.27 percent, to close at 6,339.77 on Friday, June 20. The Industrial sector...
