The Securities and Exchange Commission (SEC) announced that it has adopted taxonomy guidelines on sustainable finance as part of efforts to promote environmentally and socially sustainable economic activities. The Commission issued on Feb. 23 its SEC Memorandum Circular No. 5, Series of 2024,...
Positive news from the US boosted local stocks although the Philippine Stock Exchange Index (PSEi) again failed to hold above the 7,000 level. The main index added 32.08 points or 0.46 percent to close at 6,951.67, boosted by gains of the Services and Property sectors. Volume was firm at 530...
The Securities and Exchange Commission (SEC) has signed data sharing agreements (DSAs) with nine law enforcement agencies and competent authorities, granting them access to beneficial ownership information of corporations registered with the Commission. The SEC said this will boost its efforts to...
Local stock market investors will be looking for cues from the February inflation data to be released by the government this week as well as incoming corporate earnings reports. “This week, investors may take cues from our upcoming inflation data. An inflation print significantly higher than...
The Philippine Stock Exchange index (PSEi) touched the 7,000 intraday level on Friday, March 1, but late profit taking pulled down the index as the week came to a close. The main index slipped by 25.12 points or 0.36 percent to close at 6,919.59 with Banks leading the retreat although the Property...
President Marcos has moved Senior Deputy Executive Secretary (ES) Hubert Guevara from the Office of the President (OP) to the Securities and Exchange Commission (SEC) as one of its commissioners. Securities and Exchange Commission (SEC) Commissioner Hubert Guevara (MPC Pool/File photo) The...
The Philippine Stock Exchange (PSE) has recently concluded its forum featuring chief executive officers of publicly-listed companies to give advice and encourage firms planning their own initial public offerings. During the forum, dubbed Road to IPO: Embracing the Growth Mindset, the seven CEOs...
The PSEi jumped back to the 6,900 level, benefiting from the MSCI rebalancing and more upbeat corporate results. The main index rose 68.19 percent or 0.99 percent to close at 6,944.71 as Banks and Conglomerates led the charge although the Property and Mining counters retreated. Volume surged to 774...
The local stock market reversed early losses to end with a small gain as large cap firms report strong earnings growth. The main index added 15.85 points or 0.23 percent to close at 6,876.52 although sectoral indices were split. Volume dipped to 379 million shares worth P4.73 billion as gainers...
The Securities and Exchange Commission (SEC) has issued a cease and desist order against entities involved in the unauthorized use of Ayala Corporation’s name to illegally solicit investments from the public. In an order dated Feb. 22, the Commission En Banc directed Ayala Corporation Group Inc.,...
The local stock market lost more ground following the decline in US share prices. The main index dropped 30.82 points or 0.45 percent to close at 6,860.67 with the Mining and Oil sector leading the retreat while the Services and Industrial counters recovered. Volume rose to 577 million shares worth...
The Securities and Exchange Commission (SEC) has simplified the registration process for power companies opting for initial public offering (IPO) and other forms of stock offering that they will be pursuing at the local bourse. According to the Energy Regulatory Commission (ERC), the streamlined...
