The Securities and Exchange Commission (SEC) has revoked the corporate registration of Ecomamoni Environmental Recyclable Materials Manufacturing Inc. for soliciting investments from the public without the necessary license from the Commission. In an order, the SEC’s enforcement and investor...
While the local stock market managed to get out of its slump with a five-day rally last week, investors may be tempted to pocket some profits, especially in the first couple of days before taking cues from the release of foreign investments and dollar remittances data. “The local market has...
Amid declining casino revenues, Razon-led Bloomberry Resort Corp., owner and operator of the two Solaire and the Jeju Sun integrated resorts, is rolling its dice in the online gaming table. Sharing its online gaming plan with stock analysts, Bloomberry said it will fully launch its online gaming...
The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against a lending business operator who does not have the necessary registration and approval from the Commission. In an order issued last Feb. 18, 2025, the Commission en banc directed Fernando Joquico Santos,...
To ensure that the Philippines stays out of the grey list of global financial crimes watchdog Financial Action Task Force (FATF), the Securities and Exchange Commission (SEC) is rolling out more reforms to combat money laundering and terrorist financing. In a press conference, SEC Chairperson...
The Securities and Exchange Commission (SEC) has approved Megawide Construction Corporation’s planned public offering of up to ₱5.95 billion worth of preferred shares. In its meeting on Feb. 25, the Commission En Banc resolved to render effective Megawide’s registration statement covering a...
To support the strong economic growth and the rise of new businesses in the Cagayan Valley region, the Securities and Exchange Commission (SEC) has opened a new office in Ilagan City. The SEC inaugurated the SEC Ilagan Extension Office (EO) on Feb. 24, located at the ground floor of The Capital...
The Securities and Exchange Commission (SEC) is pushing for the expansion of the government securities (GS) repurchase agreement (repo) market as part of its commitment to deepen the country’s capital market. The Commission said in a statement that since it assumed direct market oversight in...
The Philippine Stock Exchange index (PSEi) ended almost flat on Monday, Feb. 24, as gains of banks and conglomerates managed to balance losses of other sectors. The main index shed 2.07 points or 0.03 percent to close at 6,095.97 with the industrial and services counters leading decliners. Volume...
The local stock market is seen to remain volatile due to geopolitical and interest rate concerns, although share prices may get a boost from the Philippines’ exit from the grey list of the Financial Action Task Force (FATF). Unicapital Securities Equity Research Analyst Jeri R. Alfonso said that...
FOR MONDAY Two corporate bigwigs, JG Summit Holdings Inc. Chairman James L. Go and gaming tycoon Willy N. Ocier, are giving ordinary investors their masterclasses in stock investing by showing how to properly buy low and sell high. Universal Robina Corporation (URC) disclosed to the Philippine...
The Philippines has successfully exited the grey list of the Financial Action Task Force (FATF) following reforms implemented by the Securities and Exchange Commission (SEC) to enhance financial integrity and transparency in the corporate sector. On the final day of the FATF plenary on Feb. 21,...
