While investors in the local stock market are growing more bullish amid expectations of easing rate hikes, there may be periods of profit-taking while share prices may also be swayed by the release of some US and Philippine economic data. “The case for optimism continues to build up for the local...
The Securities and Exchange Commission (SEC) is warning the public against investing in Frutas Comida Zamboanga, which has been offering guaranteed returns of 20 percent per month on social media. In an advisory, the SEC flagged the investment solicitation activities of Frutas Comida, as the group...
With the third quarter earnings season over, the local stock market is seen to shift focus on prospects of listed firms in 2023 as well as revert its attention to cues on how aggressively the US Federal Reserve and the Bangko Sentral ng Pilipinas will be raising interest rates. “While the strong...
The Securities and Exchange Commission (SEC) has approved the bond offerings of San Miguel Corporation (SMC) and Aboitiz Equity Ventures, Inc. (AEV) that will raise up to P90 billion for the two firms. The Commission En Banc resolved to render effective the registration statement of SMC for up to...
The Securities and Exchange Commission (SEC) reported that it has received another recognition from the United Nations Conference on Trade and Development (UNCTAD) for promoting sustainability and sustainable development goals (SDG) reporting in the Philippines. The SEC received the ISAR Honours...
Investor sentiment in the local stock market is more upbeat and analysts expect share prices to continue climbing this week following positive economic data released last week and as more companies announced third quarter results. “So far, we’re seeing the bullish case for the local market...
Stock market analysts cheered the higher-than expected Philippine economic growth in the third quarter, attributing it to the Marcos government’s decision to ease Covid restrictions which resulted in higher consumer spending and a more active economy. “Growth was able to outperform the previous...
The Securities and Exchange Commission (SEC) has approved the planned P1.89 billion initial public offering (IPO) of Alternergy Holdings Corporation. The Commission En Banc has resolved to render effective the registration statement of Alternergy Holdings covering 4.32 billion common shares,...
The Philippines is moving towards implementing full mandatory disclosure of ESG compliance by all businesses in the country, but emphasized the need to find balance amid social concerns being a developing country. This was emphasized by Trade and Industry Secretary Alfredo E. Pascual at the EU...
SEC: Do not invest in Lodi Coins By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) is advising the public against investing in Lodi Coins, a supposed virtual currency being offered on social media without the necessary licenses from regulators. In an advisory, the Commission flagged...
Unity Premier Business Group OPC has been ordered by the Securities and Exchange Commission (SEC) to stop illegally soliciting investments from the public through its supposed beauty product business. In a statement, the SEC said the Commission En Banc directed the company, which also operates...
The local stock market is riding on bullish sentiment and will be looking for cues to gauge if this is sustainable such as the US gross domestic product figures for the second quarter which will be announced this week. “US GDP for the second quarter will be announced this week, which will be...
