The Securities and Exchange Commission (SEC) has teamed up with the United Nations Office on Drugs and Crime (UNODC) and Open Ownership (OO) for the potential use of beneficial ownership data in curbing corruption in the government procurement process. The SEC and UNODC recently organized a focus...
The local stock market jumped on follow through buying aided by lower oil prices. The main index surged by 91.10 points or 1.48 percent to close at 6,263.94 as the Property and Banking sectors led the rally across the board. Volume was heavy at 6.41 billion shares worth P35.16 billion...
The Securities and Exchange Commission (SEC) is supportive of a move in Congress to lower taxes on stock transactions to boost and improve the competitiveness of the Philippine capital market. Albay 2nd District Representative Jose Ma. Clemente Salceda has filed House Bill No. 8958, or the...
The local stock market continues to recover lost ground as funds rebalance their portfolios while some investors buy up cheaper stocks. The main index rose 30.05 points or 0.49 percent to close at 6,172.84 with the advance led by Conglomerates although Miners were left behind. Volume jumped...
The Securities and Exchange Commission (SEC) has released new guidelines on the issuance of blue bonds, which will allow the use of the capital markets as one of the avenues for promoting sustainability in the corporate sector. The SEC on Sept. 21 issued Memorandum Circular No. 15, Series of...
This week, the local stock market is seen to be swayed by quarter’s end window dressing, the changes in the stock exchange indices, and the confidence survey results recently released by the Bangko Sentral ng PIlipinas (BSP). “The local market was able to post gains last week amid a rebound...
The local stock market rose further after both US and Philippine policy interest rates were left unchanged by the central banks of the two countries. The main index added 48.08 points or 0.79 percent to close at 6,142.79 with Conglomerates leading all sectors forward. Volume declined to 1.09...
The local stock market bounced despite weaker US bourses as investors started picking up bargains. The main index rose by 53.67 points or 0.89 percent to close at 6,094.71 as the Property sector surged back although the Services and Mining and Oil counters continued to retreat. Volume...
The Philippine Stock Exchange (PSE) is removing Metro Pacific Investments Corporation (MPIC) and Aboitiz Power Corporation (AboitizPower) from its benchmark index and replacing them with Bloombery Resorts Corporation and Century Pacific Food Inc. In a memorandum posted on the PSE website, PSE...
For the fourth day in a row, index heavyweights led the local stock market lower as US bourses were weaker while investors wait for the US Federal Reserve meeting. The main index shed 6.93 points or 0.11 percent to close at 6,041.04 as Banks and Conglomerates declined although the four other...
The local stock benchmark fell below 6,100 to its lowest level in more than a year as investors worry over interest rates amid rising inflation. The main index plunged 76.60 points or 1.25 percent to close at 6,047.97 with the rate-sensitive Property sector leading the retreat...
The Philippine Stock Exchange index (PSEi) ended flat on low volume although the broader market was weak as investors wait for results of the US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) meetings this week. The main index shed 1.77 points or 0.03 percent to close at 6,124.57 with...
