Government regulators have been putting in place frameworks to encourage key sectors of the economy such as publicly listed companies, banks and financial institutions to contribute to the attainment of Sustainable Development Goals (SDGs). As a member of the United Nations, the Philippines has...
After the unexpected surge in stock prices last week, investors will now be looking forward to the government’s decision on whether to further relax quarantine measures in the National Capital Region and surrounding provinces. “While maintaining MECQ (modified enhanced community quarantine) is...
The Anti-Red Tape Authority (ARTA) has called on government agencies to follow the lead of the Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR) in reforming business processing. ARTA ARTA Secretary Jeremiah Belgica lauded the two agencies and urged others to follow...
The Securities and Exchange Commission (SEC) has given investment companies, brokers, dealers and other covered capital market participants an overall “medium” risk rating. This is the result of its money laundering (ML) and terrorist financing (TF) risk assessment of the securities sector the...
The local stock market is seen to move sideways this week as the previous week’s trading shows that investors are not allowing the PSEi to drop too low while not having enough confidence to buy up share prices. “For trend watchers, the best case is for a sideways drift to appear in the next...
The Securities and Exchange Commission (SEC) has received special citations from the Anti-Red Tape Authority (ARTA) for its efforts toward improving the ease of doing business in the country. In the Ease of Doing Business Summit held last week, the ARTA recognized the Commission as a “Doing...
The Securities and Exchange Commission (SEC) has received special citations from the Anti-Red Tape Authority (ARTA) for its efforts toward improving the ease of doing business in the country. In the Ease of Doing Business Summit held last week, the ARTA recognized the Commission as a “Doing...
The Securities and Exchange Commission (SEC) has approved the public offering by Ayala Corporation of up to P10 billion worth of bonds under its P30 billion debt securities program. In its meeting on May 11, the Commission En Banc resolved to render effective the...
The Securities and Exchange Commission of the Philippines has been admitted as a new signatory to the ASEAN Collective Investment Schemes (CIS) Framework. This is after it signed a supplemental Memorandum of Understanding with the Securities Commission Malaysia (SC), the Monetary...
Trading this week will be influenced by the release of economic data, including the much-awaited gross domestic product (GDP), as well as more first quarter earnings reports. “Market sentiment may still have a bearish bias as investors continue to adjust their economic recovery expectations, from...
The stock market is seen to continue to be weighed down by the country’s COVID situation while investors will also be taking cues from the April inflation figure and corporate earnings announcements. “Next week, we still see a downward bias for the local market as we expect clouded economic...
Shareholders of Del Monte Philippines, Inc. (DMPI) are planning to raise up to P44 billion through an initial public offering of shares they own that are equivalent to 28.75 percent of the company. Based on the registration statement filed with the Securities and Exchange Commission,publicly-listed...
