The Securities and Exchange Commission (SEC) has issued its guidelines for the accreditation of market participants offering Personal Equity and Retirement Account (PERA) products. The Commission on September 19 issued Memorandum Circular No. 14, Series of 2024, providing for the Guidelines on the...
The local stock market rose further but ofc the day’s high as already positive investor sentiment was boosted by gains in US bourses. The main index added 14.96 points or 0.20 percent to close at 7,432.21 as the Property sector led the advance while Conglomerates and Services lagged behind....
Leading oil firm Petron Corporation has successfully raised P16.83 billion from its preferred shares offering, which was rated to have been 1.3 times oversubscribed versus initial target. “The proceeds from the offer will be used to redeem the company’s Series 3A Preferred Shares and fund...
The local stock market shrugged off profit-taking fears and shot up to the 7,400 level following the central bank’s announcement of a reduction in the reserve require ratio.
The Securities and Exchange Commission (SEC) has expanded its reach in Mindanao with the opening of a new extension office to serve Koronadal City annd surrounding areas. The Commission said it officially inaugurated on September 20 the SEC Koronadal Extension Office, located at the second floor of...
The local stock market may see initially some profit-taking this week following its recent rally although sentiment remains generally upbeat and will continue to buoy share prices. “The local market has been showing bullish momentum, rising for three straight weeks, with the latest one getting it...
The Securities and Exchange Commission is giving delinquent corporations another chance to clear their penalties and file annual reports at lower rates until Nov. 30. In 2023, the SEC offered non-compliant, suspended, and revoked corporations a chance to settle their fines and penalties for late...
The local stock market continues to rally and was up by more than a hundred points to breach the 7,300 level intraday as investors grow more upbeat amid monetary policy changes that will release more money into the system. The main index rose by 50.16 points or 0.70 percent to close at 7,252.32 as...
A young local stock brokerage, Luna Securities, Inc., is upping the ante in the competitive industry by slashing down its broker’s commission to an industry best rate of 0.12 percent to all of its clients, account holders and users of its trading app. In a media event, the company launched its...
The local stock market landed above the 7,200 level after the US Federal Reserve slashed interest rates as expected. The main index added 46.26 points or 0.65 percent to close at 7,202.16 led by the surge in Mining and Bank stocks with only Industrials declining. Volume jumped to 698 million shares...
The Securities and Exchange Commission (SEC) successfully held the SEC Small and Medium Industries and Large Enterprises Embracing Sustainability (SMILEES) Roadshow in Baguio City on Sept. 18, 2024. The event was organized in collaboration with the United Nations Development Programme (UNDP)...
The local stock market closed lower on late profit-taking on heavyweights as investors continue to wait for word from the US Federal Reserve. The main index dropped 19.46 points or 0.27 percent to end at 7,155.90 with sectoral indices split. Volume dipped to 865 million worth P6.01 billion as...
