The Securities and Exchange Commission (SEC) has launched a nationwide roadshow to promote sustainable practices among small and medium enterprises (SMEs) and large businesses, as it seeks to institutionalize sustainability reporting in the corporate sector. (From left to right) UNDP’s Mr. Joseph...
The local stock market is seen moving sideways as it benefits from quarter-end window dressing and some bargain hunting although cautious investors may opt to hold on to cash ahead of the long Easter weekend. “At 6,881.97, the local market is still at attractive levels with a price-to-earnings...
After the PSEi broke its 7-week rally while failing to breach the 7,000 resistance level, the local stock market is seen to wait for fresh cues from the Federal Reserves meeting this week (March 19-20). “Last week’s drop opens doors for bargain hunting opportunities. However, a strong rally...
The MFT Group of Companies (MFT Group) and its owners are asking the Securities and Exchange Commission (SEC) to lift the cease and desist order issued against the company for alleged illegal solicitation of investments from the public. In a statement, the firm said it has asked the SEC “to...
While selling pressures remain after a 7-week rally, the local stock market is seen to remain bullish and may again try to breach the 7,000 level especially if US inflation data as well as local corporate earnings, remittances and foreign direct investments figures boost investor sentiment....
The National Telecommunications Commission (NTC) has recently ordered all internet service providers to immediately block the website of OctaFX for the protection of the investing public, as requested by the Securities and Exchange Commission (SEC). The move comes after a similar move by the NTC...
In response to the request of the Securities and Exchange Commission (SEC), the National Telecommunications Commission (NTC) has initiated the blocking of websites and apps offering investment opportunities without the necessary license. Last February 21, the NTC issued a memorandum to all internet...
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,...
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...
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 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.,...
