The local stock market may see some bouts of bargain-hunting especially with US stocks up over the weekend after US Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole. However, analysts note that investor sentiment remains weak due to discouraging prospects of the local economy....
The Securities and Exchange Commission (SEC) reminded stock market investors of the shorter settlement cycle for securities trades starting today, Aug. 24, for more efficient transactions and spur activity in the Philippine capital market. Last Aug. 11, the Commission issued Memorandum Circular No....
*STORY UPDATE* The Securities and Exchange Commission (SEC) has since entered into a settlement agreement with Mr. Justin Arvin Atendido and his White Dragon Investment Group. The settlement, which included a payment of ₱50,000 from Atendido, was reached after the SEC issued an order in...
While the local stock market has been on a steady decline - down to its lowest level in nine months -- analysts do not see much relief as investor sentiment has turned bearish due to a confluence of negative factors. “The local market closed last week at 6,290.27, its lowest close since November...
The Securities and Exchange Commission (SEC) is urging all delinquent corporations and associations that have been penalized for the late or non-filing of their annual reports to avail of the amnesty program before higher penalties kick in starting Oct. 1. The amnesty, which comes in the form of a...
While some bargain hunting may be seen this week at the stock market, sentiment will continue to be weighed down by slower economic growth, inflationary pressures, and the start of the Chinese ghost festival. “With our second quarter Real Gross Domestic Product growth coming in below...
The Securities and Exchange Commission (SEC) has revoked with finality the certificate of authority (CA) of Populus Lending Corporation to operate as a lending corporation. This is because of the firm’s unlawful debt collection practices and failure to disclose its online lending platforms (OLPs)...
The local stock market dropped after the government reported a much lower economic growth rate for the second quarter of 2023. As of 10:50 this morning, the PSEi was down 63.51 points or 0.97 percent at 6,466.94 with all sectors declining, led by Banks. There were 84 losers to 43 gainers with 43...
The local stock market is seen to open the week with some bargain-hunting following last week’s steep drop although investors will also be taking cues from the release of the Philippines’ second quarter economic growth data as well as the US July inflation numbers. “Given the steep decline...
Senator Sherwin Gatchalian on Sunday, June 25 urged the public to be wary of finance applications that can be downloaded online on Google Play or Apple Store and other websites but are actually lending applications that victimizes oblivious customers. ...
President Ferdinand “Bongbong” Marcos Jr. warned the public against the scams associated with the use of artificial intelligence (AI). President Ferdinand Marcos Jr. delivers his speech during the 85th anniversary celebration of the Securities and Exchange Commission (SEC) in Makati City on...
President Ferdinand "Bongbong" Marcos Jr. has ordered the Securities and Exchange Commission (SEC) to continue the digitalization of its services to attract more investors. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) Speaking at the commission's 85th anniversary on Thursday, June 22,...
