The local stock market will be steered by the release of corporate earnings and the January inflation report this week as investors look for signs on how the Philippine economy will be faring this year. “This week, investors are expected to take cues from the Philippines’ January consumer price...
SEC taps UP Law Center for fintech regulations By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) has teamed up with the University of the Philippines Law Center (UPLC) to improve the formulation of policies that could better address the regulation of financial technology (fintech) in...
The Securities and Exchange Commission is warning the public against three more firms soliciting investments that appear to be pyramiding or Ponzi schemes with the promise of unsustainable high returns. In a statement, the SEC advised the public against dealing with the three entities due to their...
Benchmark yields for short-term loans went down on the back of strong demand. At Monday's auction of Treasury bills on Jan. 30, the national government raised P15 billion as programmed after total demand reached P61.85 billion The 91-day Treasury bill rate declined to 4.152 percent from 4.211...
While the local stock market is seen to be consolidating, it will take its cue from the outcome of the US Federal Reserve’s first meeting of the year which will be held this year. “The local market has been moving sideways within the 7,000 - 7,100 resistance range as it is having a hard time...
The Securities and Exchange Commission (SEC) is calling on the public to be more vigilant as there has been a rise in reports regarding entities that pose as legitimate and reputable financial institutions scamming people of their hard-earned money. “The public is advised to protect themselves...
The Securities and Exchange Commission has issued an advisory to warn the public against dealing with five firms who are engaged in unauthorized solicitation of investments without the necessary license from the Commission. These firms are PPG Investment Group/Conamor Shop, LiveWell Multi-Ventures,...
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Fast Coin Lending Corp. to operate as a lending company for inactivity and its continuous non-compliance with disclosure requirements. In a statement, the SEC said Fast Coin has committed several...
The Securities and Exchange Commission (SEC) has drafted, for public comment, the Implementing Rules and Regulations (IRR) of Republic Act No. 11765, or the Financial Products and Services Consumer Protection Act (FCPA) which also covers digital products and cryptocurrencies. In a statement, the...
After failing to stay above the 7,100 level, the local stock market is expected to start the Year of the Rabbit by consolidating and building its strength before trying to hop over its resistance level again if the anticipated fourth quarter economic growth report is favorable. “The local market...
The Securities and Exchange Commission (SEC) is now accepting undergraduate and law students looking to gain professional experience through its internship program. In a statement, the SEC this is an opportunity for students to get first hand knowledge on company registration and regulation, the...
The Securities and Exchange Commission is warning the public against investing in Oriental Peak Mining or with its president Ranillo Paz since both the company and Paz are not authorized to solicit investments. The corporate watchdog said it has noticed that individuals or group of persons,...
