The Securities and Exchange Commission’s successful introduction of a complete, end-to-end, and paperless incorporation process has earned recognition of the Philippines as having one of the best company registration systems in the world. The Corporate Registers Forum (CRF) awarded the SEC...
The local stock market improved on Wednesday, Oct. 29, after the peso strengthened while expectations of a United States Federal Reserve (US Fed) rate cut also boosted sentiment. The main index added 10.61 points, or 0.18 percent, to close at 5,963.77. Miners led the advance, while property and...
The Philippine Stock Exchange index (PSEi) edged higher as bargain hunters bought shares that had dropped in the past two trading sessions. The benchmark PSEi added 19.40 points, or 0.33 percent, to close at 5,953.16 on Tuesday, Oct. 28. Sectoral indices were mixed, with the banking gauge posting...
The Securities and Exchange Commission (SEC) reported that it had given discounts in fees amounting to ₱80 million to thousands of corporations, including micro, small and medium enterprises (MSMEs), across more than 40,000 transactions due to recent corporate sector reforms. Since July, the SEC...
The Securities and Exchange Commission (SEC) has approved a stock split for Globe Fintech Innovations Inc. (Mynt), the owner of GCash, a move intended to lower the per-share price and make the stock more affordable for its long-anticipated initial public offering (IPO). In a disclosure to the...
The Philippine Stock Exchange index (PSEi) fell further on Monday, Oct. 27, on the weakness of the peso as well as lower market liquidity due to the giant Maynilad Water Services Inc. initial public offering (IPO). The main index dropped 52.46 points, or 0.91 percent, to close at 5,933.76. Miners...
The Philippine Stock Exchange index (PSEi) fell below the 6,000-point level as investor confidence was eroded by weaker peso and forecasts for slower economic growth. The main index dropped 65.94 points, or 1.1 percent, to close at 5,988.02 on Friday, Oct. 24, with mining stocks leading the...
The Securities and Exchange Commission (SEC) is poised to roll out its own blockchain-based platform that allows for a more secure digital authentication of reports and other documents filed by corporations. The Commission said this is its part in ongoing efforts to harness blockchain technology to...
Bargain hunters pushed the Philippine Stock Exchange index (PSEi) higher on Thursday, Oct. 23, despite the continued weakness of the peso. The main index increased by 23.09 points, or 0.38 percent, to 6,053.96. Sectoral indices were evenly mixed. Volume dropped to 1.42 billion shares worth ₱4.8...
The Philippine Stock Exchange index (PSEi) declined, tracking a retreat in the peso and gold prices. The benchmark PSEi shed 62.66 points, or 1.03 percent, to close at 6,030.87. Mining shares led the retreat, with only conglomerates managing to hold ground. Volume increased to 12.06 billion shares...
GCash, the country’s largest mobile wallet, is moving to democratize access to stock market debuts by integrating the fully digital Initial Public Offering (IPO) subscription feature within its GStocks PH platform. In a statement on Wednesday, Oct. 22, GCash said the move, in partnership with...
The Philippine Stock Exchange Index (PSEi) halted a three-day losing streak, edging higher as bargain hunters entered the market, encouraged by upbeat US equities. The main index gained 9.46 points, or 0.16 percent, to close at 6,093.53 on Tuesday, Oct. 21. Only the Industrial and Services sectors...
