The Securities and Exchange Commission (SEC) announced that it is opening more payment channels through a partnership with online payment platform Payment Innovation, Inc., (PayCools PH). In a statement, the Commission said it has signed a memorandum of agreement last April 24 with PayCools PH...
NEW YORK (AP) — Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sharp drop for Facebook's parent company, one of Wall Street's most influential stocks, also hurt the market. The S&P 500 fell...
The benchmark PSEi was almost unchanged after bargain hunters took a break while waiting for cues from economic data and more first quarter earnings reports. The main index inched up 2.13 points or 0.03 percent to close at 6,574.88 led by gains of the Mining sector while the Property and Services...
The Securities and Exchange Commission (SEC) has issued guidelines which includes requiring companies planning initial public offerings to disclose cornerstone investors in line with efforts to boost investor participation in the capital market. The Commission on April 11 issued SEC Memorandum...
TOKYO — Asian shares mostly declined Thursday as investors awaited a flood of global earnings reports, including updates from U.S. tech companies known as the "Magnificent Seven." Japan's benchmark Nikkei 225 slid 1.4% in morning trading to 37,931.81. South Korea's Kospi dropped nearly...
The local stock market rose further as investors continued bargain hunting following gains in US bourses. The main index jumped 65.95 points or 1.01 percent to close at 6,572.75 as Conglomerates led the charge although Banks lagged behind. Volume was higher at 1.13 billion shares worth P6.07...
The Securities and Exchange Commission (SEC) has revoked the lending license of Copperstone Lending Inc. for its unfair debt collection practices and its failure to disclose the true and correct terms of loan contracts with borrowers. In a statement, the SEC said Copperstone Lending operates...
NEW YORK — U.S. stocks rallied for a second straight day Tuesday to blunt the blow of what's been a rough April. The S&P 500 climbed 1.2% and pulled further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average rose 263 points, or 0.7%, and the Nasdaq...
The Securities and Exchange Commission (SEC) has teamed up with Google and Apple to work for the removal of applications operated by cryptocurrency giant Binance in app marketplaces accessible in the Philippines. In separate letters addressed to Google and Apple dated April 19, the SEC has...
The local stock market rose as it appears that the conflict between Israel and Iran has been doused, causing oil prices to drop. The main index added 62.72 points or 0.97 percent to close at 6,506.80 with the Industrial counter leading the advance across the board. Volume firmed up to 554 million...
The officers and shareholders of MFT Group of Companies and The Foundry Ventures issued a statement reiterating their position that “we never engaged in securities transactions in violation of the Revised Securities Act.” They noted that the Securities and Exchange Commission has filed a...
Accounting firm Isla Lipana & Co. issued a statement pointing out that it is the auditor of Maria Francesca Tan (MFT) Group of Companies, Inc. only, and not any other companies under the group. “‘Maria Francesca Tan (MFT) Group of Companies, Inc.’ is our audit client. While the name of...
