Local equities market retreated at the end of the week as investors pared back risk following the central bank 's hawkish policy stance and the sudden disruption to geopolitical diplomatic efforts in Europe. The Philippine Stock Exchange index (PSEi) slipped 18.31 points, or 0.3 percent, to...
The Securities and Exchange Commission (SEC) extended a program offering discounted filing fees for micro, small, and medium enterprises (MSMEs) until the end of the year, part of a state-backed push to deepen the domestic capital market. The corporate regulator prolonged the 50 percent discount on...
Local equities market halted its downward trajectory, staging a recovery after the United States (US) and Iran signed the preliminary accord aimed at a permanent peace agreement, but gains were severely capped after the central bank went ahead with an expected interest rate increase, prompting...
The Securities and Exchange Commission (SEC) announced that the International Criminal Police Organization (Interpol) has issued a Red Notice against Maria Francesca Tan in an effort to bring her before Philippine courts for her alleged role in a large-scale fraudulent investment scheme. Published...
Local equities tumbled the most in more than a month as investors rushed to lock in gains ahead of the central bank’s interest rate decision, with heavyweights leading the retreat. The Philippine Stock Exchange index (PSEi) plunged by 130.94 points, or 2.1 percent, to close at 6,114.81 on...
The long-awaited initial public offering (IPO) of the company behind the popular e-wallet GCash—expected to be the country’s largest-ever listing by raising more than $1 billion—is finally underway as the company formally takes its first step toward going public. Mynt Inc., backed by Globe...
ABS-CBN Corp. vowed to defend itself against allegations of financial mismanagement and “creative bookkeeping” lodged by its board member, pushing back against the regulatory probe that threatens to deepen the media company’s long-running financial distress. In a statement, the Lopez-led...
Maynilad Water Services Inc. has tapped International Finance Corp. (IFC) for a $500,000 infrastructure advisory services project aimed at strengthening the west zone concessionaire’s sustainability and resilience strategy. In a disclosure last Monday, June 15, IFC said the project was approved...
Local stocks declined as an afternoon wave of profit-taking erased morning gains, cutting short a rally that had pushed the benchmark index to its highest intraday level in recent sessions. The Philippine Stock Exchange index (PSEi) decreased 27.13 points, or 0.43 percent, to close at 6,245.75 on...
Global One Hotel Group, Inc., the management arm of Megaworld Hotels and Resorts, has secured approval from the Securities and Exchange Commission (SEC) for the rental pool program of its condotels. The SEC said the rental pool program was processed under the streamlined guidelines on Securing and...
Philippine equities and the local currency rallied sharply on Monday, June 15, as global markets reacted to the breakthrough diplomatic agreement between the United States (US) and Iran. The surprise interim deal, which includes plans to lift the blockade on the Strait of Hormuz and restore...
The Philippine Stock Exchange (PSE) is planning a drastic reduction in capitalization requirements for exchange-traded fund (ETF) issuers, cutting the threshold to as low as ₱1 million from ₱250 million, in a regulatory overhaul aimed at reviving the dormant asset class. The local bourse is...
