The local stock market dropped further as the peso weakened prior to expected rate cuts in the US and by the Bangko Sentral ng Pilipinas. The main index lost 32.63 points or 0.50 percent to close at 6,469.08 as Banks continue to lead the retreat while Industrials and Services bounced. Volume was...
The Securities and Exchange Commission (SEC) announced the opening of its new extension office in Lipa City, in line with its efforts to facilitate business formation, invest in high-growth regions, and keep a closer watch on fraudulent and abusive practices in the corporate sector. The SEC on Dec....
The local stock market fell on strong foreign selling as investors wait for the US Federal Reserve and Bangko Sentral ng Pilipnas' (BSP) last policy meetings for the year. The main index plunged by 113.45 points or 1.72 points to close at 6,501.71 with Banks leading the retreat across the board....
The local stock market ended flat as investors continue to wait for the policy meetings of both US Philippine central banks. The main index shed 1.35 points or 0.02 percent to close at 6,615.16 with the Mining sector suffering the biggest loss while Banks and Conglomerates advanced. Volume declined...
The Securities and Exchange Commission (SEC) is calling on over 11,600 corporations to avail themselves of its Enhanced Compliance Incentive Plan (ECIP) or face the suspension of their corporate registration for non-compliance with reportorial requirements. In a notice dated Dec. 13, the SEC...
The local stock market ended the week lower as investor sentiment was weighed down by the decline in US bourses. The main index dropped 24.84 points or 0.37 percent to close at 6,616.51 as Conglomerates fell although sectoral indices were evenly mixed. Volume declined to 1.2 billion shares worth...
The local stock market traded sideways as investors remained cautious even though the US inflation rate was within expectations. The main index shed 1.36 points or 0.02 percent to close at 6,641.35 with the Property sector leading decliners while Conglomerates and Services advanced. Volume was up...
The local stock market continues to see-saw, ending lower today as investors wait for the release of US inflation numbers tonight. The main index fell by 82.11 points or 1.22 percent with the retreat led by the Services counter while the Banking sector managed to hold its ground. Volume declined to...
The Organisation for Economic Co-operation and Development (OECD) sees the potential of around 400 private enterprises to go public—one of the main factors that will develop the local capital market. This is according to an in-depth assessment of the Philippine capital market released by the...
The local stock market bounced back from the previous day’s loss on the back of a stronger peso. The main index added 44.45 points or 0.66 percent to close at 6,724.82 with the Mining sector leading the advance while Banks lagged behind. Volume was still strong at 783 million shares worth P8.54...
Following its recent gains, the peso declined on Monday, Dec. 9, slipping to the 58 level against the US dollar, mainly due to a slight correction in global currencies and ongoing geopolitical concerns. Data from the Bankers Association of the Philippines showed the local currency fell by 0.27...
The Philippine Stock Exchange index (PSEi) opened the week lower as investors awaited US inflation data and Philippine investment and trade numbers. The main index dropped 48.57 points, or 0.72 percent, to close at 6,680.57. Conglomerates led the decline, while Banks and Services managed to...
