Real estate giant Ayala Land Inc. is set to seal a P14-billion sustainability bond deal exclusively with the World Bank’s International Finance Corporation (IFC) on or before Friday, July 19, 2024. In an interview after the listing of the firm’s P6 billion ASEAN Sustainability bonds at the...
The PSEi gained on higher US stocks and stable economic forecasts for the Philippines. The main index added 20.62 points or 0.31 percent to close at 6,687.71 with Miners rallying although sectoral indices were evenly mixed. Volume dipped to 694 million shares worth P4.22 billion as...
The Bureau of Internal Revenue (BIR) partnered with the Securities and Exchange Commission (SEC) to create an interagency data-sharing system to expedite the verification of registered businesses in the country. BIR Commissioner Romeo D. Lumagui Jr. and SEC Chairperson Emilio B. Aquino signed a...
The Securities and Exchange Commission (SEC) has launched the third wave of its digital initiatives consisting of five new services that will make company registration more efficient and promote data sharing for enhanced tax administration. The Commission on July 17,...
The Philippine Stock Exchange (PSE) has warned Metro Global Holdings Corporation (MGH), a firm controlled by Robert John L. Sobrepeña, that its shares will be delisted in the first week of the ghost month if it fails to increase its public ownership. In a memorandum to stock market...
By James A. Loyola The local stock market ended weaker after some gains early in the day after investors started pocketing profits. The main index lost 22.28 points or 0.33 percent to close at 2,697.04 with Banks leading the retreat. Volume was firm at 352 million shares worth P5.41 billion as...
By James A. Loyola NexGen Energy Corporation, a renewable energy corporation with a portfolio of solar and wind service contracts, debuted on the upside at the Philippine Stock Exchange (PSE) with its share price rising 1.79 percent to P1.71 per share. The firm and its principal shareholders raised...
The local stock market ended the day higher but below the 6,700 level which it breached in the morning, as investors anticipate rate cuts in the US and Philippines. The Philippine Stock Exchange index (PSEi) added 41.14 points or 0.62 percent to close at 6,689.37 with the Property sector leading...
By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) is steering corporations and members of both the public and private sectors towards a more sustainable capital market and business sector as it envisions a greener, low-carbon, and sustainable economy. The Commission launched on...
While investors show optimism amid expectations of an interest rate cut by the US Federal Reserve and the Bangko Sentral ng Pilipinas, some volatility may still be seen as it may take two more months before this finally happens. Online brokerage firm 2Tradeasia.com noted how “deeply entangled the...
The Securities and Exchange Commission (SEC) is integrating all its digital services under one platform to enhance the security of online transactions as part of its continued shift to automated processes. On July 10, the Commission issued SEC Memorandum Circular No. 10, Series of 2024, providing...
The local stock market closed the week higher as investor sentiment remains upbeat amid expectations of a rate cut following the decline in the US inflation rate. The Philippine Stock Exchange index added 38.99 points, or 0.59 percent, to end at 6,648.23. The Services sector led the advance, while...
