The Securities and Exchange Commission (SEC) has revoked the corporate registration of MCM Royalty Legacy International Inc. and fined its leadership for the unauthorized solicitation of investments from the public, according to an order from the regulator. The SEC’s Enforcement and Investor...
Stock benchmark tumbled to end the week on a somber note, joining the regional retreat as escalating geopolitical tensions in the Middle East drove the peso back toward record lows and clouded the outlook for domestic inflation. The Philippine Stock Exchange index (PSEi) shed 60.12 points, or 0.94...
The Philippine Association of Securities Brokers and Dealers Inc. (PASBDI) has opposed the plan by the Securities and Exchange Commission (SEC) to impose a mandatory 10-year term limit on broker directors of exchanges, arguing the move would strip the local bourse of critical expertise. In a...
The Securities and Exchange Commission (SEC) is moving to overhaul the stock exchange 's leadership, proposing strict term limits that would unseat several long-serving power players in the local brokerage community. Under draft SEC rules released for public comment, broker directors would be...
Local stocks tumbled on Wednesday, March 4, erasing the previous session’s gains as escalating conflict in the Middle East fueled fears that spike in global energy prices will reignite inflation and derail the central bank’s pivot toward monetary easing. The Philippine Stock Exchange index...
Local shares rose slightly on Tuesday, March 3, as bargain hunters stepped in following a two-day retreat, though lingering geopolitical tensions in the Middle East and weak breadth of losers capped the recovery. The Philippine Stock Exchange index (PSEi) climbed 18.55 points, or 0.29 percent, to...
The Securities and Exchange Commission (SEC) has released new rules on sukuk issuances in the Philippines to support the continued development of the country’s Islamic capital market and further expand the range of Shari’ah-compliant investment opportunities. On Feb. 25, the SEC issued...
Philippine stocks and the peso tumbled on Monday, March 2, as the threat of an escalating war in the Middle East rattled regional markets, fueling concerns that surging energy costs will derail efforts to tame domestic inflation. The Philippine Stock Exchange index (PSEi) slumped 2.79 percent, or...
The Securities and Exchange Commission (SEC) ordered Digido Finance Corp. to permanently stop its financing activities after finding that the firm continued operations despite the revocation of its corporate registration and secondary license last year. In a Feb. 18 order, the SEC’s Financing and...
The Securities and Exchange Commission (SEC) plans to lift the nearly four-year-old moratorium on online lending licenses by April, a move aimed at boosting competition and lowering borrowing costs in the country’s burgeoning digital finance sector. SEC Commissioner Rogelio Quevedo announced the...
Investors in the equity market are bracing for a week of high-stakes data releases, with February inflation figures and a heavy slate of United States (US) economic indicators expected to dictate the trajectory of the benchmark index. After a strong finish in February, the Philippine Stock Exchange...
The Philippine Stock Exchange index (PSEi) snapped a seven-day winning streak on Friday, Feb. 27, as investors locked in gains and digested disappointing trade figures. The benchmark gauge fell 14.22 points, or 0.21 percent, to close at 6,611.24 in Manila. While property developers led the decline,...
