BPI Securities, the stock brokerage arm of the Bank of the Philippine Islands (BPI), is confident that the current rally in the local bourse will be sustained all the way up to the 7,500 level. While some investors worry about a short-term pullback following the sharp rally in many stock indices...
The Securities and Exchange Commission (SEC) announced the deadlines for the submission of the annual financial statements (AFS) and general information sheets (GIS) of corporations this year. The Commission recently issued SEC Memorandum Circular No. 2, Series of 2024, which provides the 2024...
Investors in the local stock market will be looking out for the government’s release of the inflation and employment numbers which may determine whether the Philippine Stock Exchange Index (PSEi) can stay above the 6,700 level. “An inflation print (for January) lower than December 2023’s 3.9...
The Philippine Stock Exchange (PSE) has approved the follow-on offering and listing of high-end real estate developer Century Properties Group Inc.’s (CPG) Series B Preferred Shares worth up to P4 billion, but it is lower than the initially planned P5 billion. PSE documents showed that the...
Recto supports market reforms pushed by SEC By James A. Loyola Finance Secretary Ralph G. Recto has assured the Securities and Exchange Commission (SEC) of his support in pushing for business and capital market reforms with the aim of bolstering national efforts to promote inclusive and...
This week, local stock market investors will be taking cues from the US Federal Reserve meeting as well as Philippine fourth quarter gross domestic product (GDP) data. “Investors face an eventful trading week that could determine whether the local index finally breaks out of the strong resistance...
The Securities and Exchange Commission (SEC) and the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA)) are working closely together to advance various reforms to encourage capital raising and investing in the capital markets, and improvements on ease of...
The local stock market is seen to be volatile in the next few weeks while investors wait for the US Federal Reserve meeting at the end of January although general sentiment remains positive amid expectations of rate cuts later this year. “The first US Fed meeting is scheduled for January 30- 31....
The Securities and Exchange Commission (SEC) has ordered Infinity8Networks Digital Services OPC and related entities to stop illegally soliciting investments from the public. In an order dated Jan. 16, the Commission En Banc directed Infinity8Netoworks to immediately cease and desist from further...
The Securities and Exchange Commission (SEC) has issued a cease and desist order against MFT Group of Companies Inc. and Foundry Ventures I Inc. for alleged illegal solicitation of investments from the public. In an order dated Jan. 16, the Commission En Banc directed the MFT Group and Foundry...
The Securities and Exchange Commission (SEC) has approved the planned initial public offering (IPO) of Citicore Renewable Energy Corporation's (CREC) primary and secondary shares for as much as P12.94 billion. In its Jan. 16 meeting, the Commission En Banc resolved to render effective the...
The Securities and Exchange Commission (SEC) has revoked the certificate of authority (CA) of Wealth and Personal Development Lending Inc. to operate as a lending company for its repeated failure to comply with reportorial requirements and alleged involvement in illegal activities. In a statement,...
