The Securities and Exchange Commission has approved the plan of Saavedra-led Megawide Construction Corporation to raise up to P6 billion from the issuance of preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said the SEC has issued on January 23, 2025 the Certificate of...
A lack of fresh leads is expected to keep the local stock market bearish this week, but bargain hunters may find opportunities as prices reach a seven-month low. “The local market has turned more bearish last week as it extended its decline. At the same time, the market has broken below the 6,400...
The Securities and Exchange Commission (SEC) reported that the Court of Appeals (CA) has upheld the cease and desist order (CDO) the commission issued against AlphanetWorld Corporation. AlphanetWorld, doing business under the name and style of NWorld, was ordered by the SEC to stop soliciting...
The Securities and Exchange Commission (SEC) has required publicly listed companies and other corporations with public interest to disclose fees paid to their external auditors. In a statement, the commission said this requirement is meant to enhance transparency and accountability in reporting...
The Securities and Exchange Commission (SEC) has opened a new extension office in Laoag City, its 14th outside of Metro Manila, to strengthen its regulatory oversight and support economic growth in northern Philippines. The Commission officially inaugurated the SEC Laoag Extension Office (EO) on...
The Securities and Exchange Commission (SEC) announced the revocation of the corporate registration of Farm to Market (F2M) Agri-Farm OPC for soliciting investments from the public without the necessary license. In an order, the SEC Enforcement and Investor Protection Department (EIPD) revoked F2M...
The Securities and Exchange Commission (SEC) has expanded the types of entities that can be accredited as Personal Equity and Retirement Accounts (PERA) Administrators following its approval of the first administrator under its new regulation. SEC Memorandum Circular (MC) No. 14, Series of 2024,...
The release of the December 2024 inflation numbers will heavily influence the local stock market this week as trading volume normalizes with traders returning from the holidays. “Eyes are going to be on the Philippines’ December inflation data as this will provide clues on the Bangko Sentral ng...
The Securities and Exchange Commission (SEC) is preparing new guidelines that will expand fundraising and investment opportunities in the Philippine capital market, which includes crypto assets, green equity, and Sukuk bonds. In a statement, the commission said these proposed and draft...
Entering the new trading year 2025, stock market investors are faced with a lot of uncertainties as both risks and positive factors mingle to present a hazy picture in analysts’ crystal balls. For Chinabank Capital Corporation Managing Director Juan Paolo Colet, “Next year [2025] presents a...
The Securities and Exchange Commission (SEC) is entering 2025 with a stronger commitment to implementing policies and reforms that will further boost the capital market, strengthen the corporate sector, and support the country’s overall economic growth. In a statement, the commission said that...
The Securities and Exchange Commission (SEC) reported that it has received the Outstanding Digital Campaign: Best Short-Form award from the Presidential Communications Office (PCO) for its exemplary initiative to inform, educate and protect the public from fraudulent loan schemes. In a ceremony...
