The local stock market declined despite the strong performance by its US counterparts as investors here preferred to wait for results of both US Federal Reserve and Bangko Sentral Pilipinas (BSP) policy meetings. The main index dropped 36.65 points or 0.58 percent to close at 6,255.74 as the...
The local stock market rose on thin volume as it benefited from the hike in US stock prices ahead of the release of the US inflation numbers for November. The main index added 64.10 points or 1.03 percent to close at 6,292.39 as Banks led all sectors in the advance. Volume declined to 314...
The Securities and Exchange Commission (SEC) urges non-compliant and suspended or revoked corporations to start 2024 with a clean slate by availing of the amnesty before the year ends. The commission said in a statement that corporations now have less than three weeks to avail of the SEC amnesty...
The PSEi dipped as investors wait for fresh cues although sentiment was also dampened by the Bangko Sentral ng Pilipinas’ (BSP) signal that it is not lowering rates soon. The main index shed 6.48 points or 0.10 percent to close at 6,228.29 as Banks led the decline while Conglomerates and...
The Securities and Exchange Commission (SEC) conditionally approved the planned P708-million direct public offering of Angeles Electric Corporation, allowing the Nepomuceno family to dilute it full ownership to 82.4 percent stake. In its meeting on Dec. 7, the Commission En Banc resolved to...
This week, stock investors will be mainly looking at the policy meetings of the US and Philippine central banks for catalysts even as hopes for a Santa Claus rally seem to have waned. “The local bourse is on a 2-week losing streak as investors continue to take profits. In the process, the market...
The Securities and Exchange Commission (SEC) continues to gain recognition for the digitalization of its services, this time bagging the Excellence in Digital Transformation Award conferred by mobile payments service GCash. The third installment of the GCash Digital Excellence Awards seeks to...
The Securities and Exchange Commission (SEC) has been recognized by the Anti-Red Tape Authority (ARTA) for its efforts in improving the ease of doing business in the country. In a statement, the Commission said it was among the government agencies recognized by ARTA during the 2023 Ease of Doing...
Local share prices fell as investors preferred to hold on to cash over the long weekend. The main index lost 71.08 points or 1.13 percent to close at 6,234.77 as Banks led all sectors in the retreat. Volume eased to 270 million shares worth P3.67 billion as gainers edged out losers 83 to 82 with 49...
The PSEi was able to recover most of the day’s loss to end almost flat amid some profit-taking as investors wait for fresh cues. The main index shed 3.1 points or 0.05 percent to close at 6,305.85 as Banks led the decline while Conglomerates and Services advanced. Volume improved to 345...
The local stock market ended up after early profit-taking following the release of lower-than-expected inflation figures for November. The main index rose by 24.58 points or 0.39 percent to close at 6,308.95 even though sectoral indices were evenly split. Volume was still low at 622 million...
The Securities and Exchange Commission (SEC) has introduced its framework for the issuance of blue bonds in front of the business community and the investing public. Blue bonds refer to a subset of green bonds and sukuk which proceeds will exclusively be used to finance or refinance new and/or...
