This week, investors will be taking cues from corporate earnings reports, hints on local and US policy rates, and the government’s decision on whether to further relax quarantine restrictions. “The government’s decision on the alert level restrictions in the country for the 2nd half of...
The Securities and Exchange Commission (SEC) has set the deadlines for the online submission of the audited financial statements (AFS) and general information sheet (GIS) of corporations. Starting this year, all stock and nonstock corporations are required to submit their annual reports online...
The local stock market recovered the previous day’s losses as investors took positions ahead of changes in the PSEI and MSCI. The main index rose 77.93 points or 1.06 percent to close at 7,458.23 with Holding Firms and Services sectors leading the advance while Banks lagged behind. Volume dropped...
The Securities and Exchange Commission (SEC) has issued cease and desist orders against five illegal online lending operators for conducting lending activities without prior authorization from the Commission. In an order issued February 3, the Commission En Banc directed Tacoloan, VCash, 365 Cash,...
The local stock market may benefit this week from growing optimism as the economy reopens while COVID-19 cases decline although it will also take some cues from the release of economic data. After the PSEi breached the 7,300 resistance level last year, Philstocks Financial Senior Supervisor for...
The Securities and Exchange Commission (SEC) is drafting rules that will limit interest rates and other fees imposed by lending and financing companies, and their online lending platforms (OLPs). The draft memorandum circular released for public comment will operationalize Bangko Sentral ng...
Philippine benchmark interest rates for short-term loans dipped amid expectations of slower inflation rate. At Monday's auction of Treasury bills on Jan. 31, the bellwether 91-day T-bill rate, which banks use in pricing their loans, slightly fell to 0.691 percent from 0.693 percent previously. The...
The local stock market is seen to be swayed by corporate earnings reports, the government’s decision on whether to ease quarantine restrictions, as well as lingering concern over US interest rates. “Next week, we expect the local market to take cues from the government’s decision on the alert...
The Securities and Exchange Commission (SEC) has approved the planned P3.15 billion stock rights offering of Philex Mining Corporation to fund the development of its Silangan mine. The Commission En Banc resolved to render effective the registration statement filed by Philex Mining for a stock...
The Securities and Exchange Commission (SEC) has approved the planned public offering by Century Properties Group Inc. (CPGI) of P6 billion worth of fixed-rate bonds under shelf registration. In its meeting on Jan. 25, the Commission En Banc resolved to render effective the registration statement...
The Asian Development Bank (ADB) announced on Wednesday, Jan. 26, that it will use blockchain technology to make cross-border securities transactions in Asia and the Pacific more efficient and secure. In a statement, the Manila-based multilateral institution said the ADB is working with leading...
The benchmark interest rate on debt falling due in August 2028 rose at Tuesday's auction of the government IOUs at the Bureau of the Treasury. Bureau of the Treasury office Investors were willing to buy as much as P55.623 billion of the reissued seven-year Treasury bonds, nearly double the...
