The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
The Philippine Stock Exchange index (PSEi) dropped as investors continue to cash out of the market due to the coming holidays. The main index lost 51.52 points or 0.79 percent to close at 6,469.23 as the Property sector led the retreat while Banks bucked the trend. Volume rose to 1.99 billion...
The Securities and Exchange Commission (SEC) reported that the principals of Kapa Community Ministry International Inc. (KAPA), touted as the largest investment scam in Philippine history, have been sentenced to suffer the penalty of life imprisonment. They have been convicted for syndicated estafa...
The local stock market was flat as investors continued to take cash out due to the coming long Christmas holiday. The main index shed a marginal 0.52 points to close at 6,520.75 with sectoral indices equally divided. Volume improved to 1.15 billion shares worth P6.32 billion as gainers outnumbered...
After a sluggish start, local shares rose following some positive economic news. The main index added 45.77 points or 0.71 percent to close at 6,521.27 as Banks led the charge although Conglomerates and Miners retreated. Volume was thinner though at 748 million shares worth P4.37 billion as...
The Department of Finance (DOF) said micro, small, and medium enterprises (MSMEs) have now more options to raise funds due to the Securities and Exchange Commission's (SEC) intensified initiatives to facilitate accessible funding for small businesses. In a statement, Finance Secretary Benjamin E....
The local stock market ended a few points down as investors started to take profits after US Federal Reserve officials cooled down rate cut expectations. The main index shed 2.94 points or 0.05 percent to close at 6,475.50 as sectoral indices were evenly split. A total of 602 million shares changed...
This week, the stock market could still benefit from positive sentiment due to prospects of rate cuts next year although last week’s rally may result in some profit-taking prior to the long Christmas weekend. “The policy easing prospects of the Federal Reserve may still provide support to the...
The PSEi rose further after the Bangko Sentral kept rates steady, spurring hopes of a long-awaited Santa Claus rally at the bourse. The main index jumped 67.96 points or 1.06 percent to close at 6,478.44 as Conglomerates led the charge but the Property and Mining counters retreated. Volume also a...
Maya, the leading digital bank app in the Philippines, has launched Maya Stocks, the first retail investing service in the Philippines integrated in a digital bank app. In a statement, Maya said the app offers real-time transactions and instant earnings growth through its diverse wealth-building...
The local stock market surged after news that the US Federal Reserve will likely cut rates starting next year. The main index shot up by 154.74 points or 2.47 percent to close at 6,410.48 as Conglomerates led the rally although the Services counter lagged behind. Volume rose to 385 million shares...
The Securities and Exchange Commission (SEC) has launched a new platform for small businesses and startups to explore and learn more about their financing options in the capital market. At the same time, the SEC has capped its nationwide roadshow pitching the capital market as an accessible funding...
