The Securities and Exchange Commission's (SEC) Electronic Simplified Processing of Application for Registration of Company (eSPARC) system won a 2023 Innovation Award at the Corporate Registers Forum (CRF) held in Malta from Oct. 17 to 20. The SEC’s eSPARC, launched in 2021, is the...
The Securities and Exchange Commission (SEC) reminded companies that it will strictly enforce the Revised Corporation Code of the Philippines (RCC) and will duly penalize non-compliant companies. On Oct. 18, the SEC released a list of 22,403 corporations that have failed to submit their...
The local market is forecasted to remain volatile throughout the week as analysts caution investors and traders on oil price pressures and tightening monetary policy. China Bank Capital Corporation Managing Director Juan Paolo Colet said the “increasing US Treasury yields and the volatile...
The local stock market ended the week down as investors are wary of climbing inflation rates in the US. The main index dropped by 76.26 points or 1.23 percent closing at 6,142.90 with all sectoral indices in red, and the Mining and Oil sector severely plummeting by 655.58 points or 6.05...
The Philippine Stock Exchange Inc. (PSE) announced that it will formally launch its short selling program on Nov. 6 after it was setback from the original Oct. 23 launch date. The PSE defines short selling as "any sale of a security that will be settled by the delivery of borrowed securities, which...
The local stock market sank further as investors brace for higher US treasury yields. The main index dipped by 49.11 points or 0.78 percent closing at 6,219.16 with all sectoral indices in red except for the Property sector. Total volume of shares traded amounted to 575 million valued at P4.2...
The Securities and Exchange Commission (SEC) has approved the shelf registration of bonds and preferred shares by Vista Land & Lifescapes Inc. and San Miguel Corporation (SMC), respectively, with a total value of P100 billion. In its Oct. 17 meeting, the Commission En Banc resolved to render...
The local stock market declined as oil prices rendered unstable by the Israel-Hamas conflict continues to worry investors. The PSEi slid by 12.63 points or 0.20 percent closing at 6,268.27 with only the Industrial and Financial sector indices seeing gains. Total volume of shares traded amounted to...
Stocks shot up after plunging the previous day as investors approve of the sustained growth of Overseas Filipinos' remittances. The main index rose to 82.07 points or 1.32 percent closing at 6,280.90 as all sectoral indices except for the Mining and Oil sector seeing...
The local stock market plunged at the start of the week as the intensifying unrest in the Middle East worries investors. The main index was down by 67.51 points or 1.08 percent closing at 6,198.83, with all sectoral indices except for Mining and Oil seeing losses, notably the Holding Firms and...
The Securities and Exchange Commission (SEC) is warning the public against dealing with a firm posing as the country’s oldest conglomerate Ayala Corporation and two other firms due to their unauthorized solicitation of investments without the necessary license from the SEC. In an advisory, the...
The local stock market is expected to draw uneven results and mixed investor sentiments throughout the week, depending on the results of global and local economic data and developments on the Israel-Hamas war. Philstocks Financial Research Manager Japhet Tantiangco said that “while there are...
