Share prices of local nickel mining companies have been rising as the industry is riding high on the surge of ore prices in the global market due to strong demand coupled with supply disruptions. Demand for nickel has been rising as the global economy recovers as it is an ingredient for making...
The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of stock brokerage firm CTS Global Equity Group, Inc. worth up to P1.38 billion. The Commission En Banc resolved to render effective the registration statement of CTS Global covering 6.88 billion common...
The local stock market lost most of its intraday gains but still managed to end in the green as oil prices rose further due to the war in Ukraine. The PSEi inched up 12.15 points or 0.17 percent to close at 6,989.88 as Banks led the advance while Conglomerates and Mining firms retreated. Volume was...
The Securities and Exchange Commission (SEC) has issued the standard procedures for the voluntary and involuntary dissolution of corporations which took effect Wednesday, March 9. The Commission released SEC Memorandum Circular No. 5, Series of 2022, providing the Guidelines on Corporate...
The Philippine Stock Exchange index (PSEi) suffered its biggest drop in 20 months to crash below the 7,000 level after a major hike in pump prices took effect coupled with reports of an even bigger increase next week. The main index fell 310.34 points or 4.26 percent to close at 6,977.73 as banks...
The local stock market is seen to continue being pulled back and forth by earnings reports and positive factors such as the improving Covid-19 situation and negative risks such as Russia’s invasion of Ukraine and inflation fears. “Next week, the local market may continue to trade sideways...
The Securities and Exchange Commission (SEC) has ordered PawisngPinoy Online Investment to stop its illegal solicitation of investments from the public through a non-existent product distribution, real estate, and jewelry business. In an order, the Commission En Banc directed PawisngPinoy to...
The Securities and Exchange Commission (SEC) has ordered Negros Occidental-based RGS World Marketing Corporation to stop operating its illegal investment scheme targeting investors in Western Visayas. In an order, the Commission En Banc directed RGS World to immediately cease and desist from...
The Securities and Exchange Commission (SEC) has tightened good governance rules by barring from sitting in a corporation’s board those convicted for offenses punishable by imprisonment of over six years. In a statement, the SEC said this new rue is in line with its commitment to ensure good...
The Securities and Exchange Commission (SEC) has issued a memorandum circular that puts a cap on interest rates and other fees imposed by lending and financing companies, and their online lending platforms (OLPs). SEC Memorandum Circular No. 3, Series of 2022 (SEC MC 3), which will take effect on...
The local stock market continued to regain lost ground as Alert Level 1 took effect in the National Capital Region. The main index rose 93.60 points or 1.28 percent to close at 7,404.61 as Holding Firms led the rally although the Industrial and Property sectors were in the red. Volume eased to 1...
The Securities and Exchange Commission has approved the applications of SeedIn Technology and Eastern Securities for registration as crowdfunding intermediaries. The Commission granted both firms a permanent license each in lieu of a one-year provisional license, although their operations will be...
