This week, investors will see if the local stock market is strong enough to reach for the 7,000 or succumb to profit-taking pressures as the earnings season winds to a close. “Last week’s run shows that there is positive momentum building in the local market. For next week however, the local...
The Securities and Exchange Commission (SEC) has revoked the registration of Katuwang Poultry Chicken Egg Producing Co. as a partnership, for illegally soliciting investments from the public online. In an order, the SEC Enforcement and Investor Protection Department (EIPD) found that Katuwang...
The Securities and Exchange Commission (SEC) has made permanent its order stopping AlphanetWorld Corporation, which has been doing business under the name NWorld, from soliciting investments from the public without the necessary license. In a resolution, the Commission En Banc denied for lack of...
The local stock market may cautiously try to move further up this week on the back of good corporate earnings reports and after breaching its resistance level but investors will also get cues from the release of GDP and employment figures. “Last week, the local market was able to get past its...
The Securities and Exchange Commission (SEC) has approved the P30 billion debt securities program of Robinsons Land Corporation, which looks to raise as much P15 billion from the initial tranche. The Commission En Banc resolved to render effective the registration statement of Robinsons Land...
Philippine benchmark interest rates for six-month and one-year loans rose, while the yield for three-month papers dropped. On Monday, Aug. 1, auction of bellwether 91-day Treasury bill rate, which banks use in pricing their loans, dropped to 2.090 percent from 2.273 percent previously. The Bureau...
The Securities and Exchange Commission (SEC) has cancelled the lending license and corporate registration of Flying Bear Lending Corporation which is operating as Yopeso, Morepeso and Rapidpeso. In a statement, the commission said the cancellation is due to the firm’s failure to disclose its...
The ASEAN Audit Regulators Group (AARG) has reaffirmed its commitment to raising the bar for audit quality amid the challenges faced by the region today. This commitment was renewed as the AARG convened in a virtual plenary meeting hosted by the Securities and Exchange Commission (SEC) Philippines...
This week, the local stock market will be waiting for the June inflation rate announcement and some large cap corporate earnings results, although volume may be affected with the start of the Chinese Ghost Month. “The local market is expected to move sideways as investors wait for catalysts. In...
The PSEi dropped in the last trading day of the month as investors took profit from the previous day’s spike in prices. The main index lost 63.33 points or 0.99 percent to close at 6,315.93 as Conglomerates led the retreat although the Banks and Services counters continued to advance....
The Securities and Exchange Commission (SEC) secured another win with the conviction of seven investment scammers behind One Dream Marketing Inc. for the illegal offer of securities and engaging in fraudulent transactions. In a statement, the SEC said the Regional Trial Court in Batangas sentenced...
Benchmark interest rates for short-term debt papers posted mixed results as investors await President Marcos’ first state of the nation address (SONA). At Monday's auction of Treasury bills on July 25, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, dropped to...
