Investor sentiment in the local stock market is expected to remain bearish this week due to prospects of fewer rate cuts in 2025, a weakening peso, and concerns related to the government’s budget for next year. "The local market is turning more bearish as it extended its decline last week," said...
The Securities and Exchange Commission has been commended by the Office of the President for championing the business sector and the investing public. In a statement, the SEC said Special Assistant to the President (SAP) for Investment and Economic Affairs of the Philippines Frederick D. Go lauded...
The Securities and Exchange Commission (SEC) has made permanent its cease and desist order (CDO) against Humanitarian and Spiritual Mission Apostulates of Davao and Asia Inc., HASMADAI Foundation Inc. and Humanitarian Institute of Technology Corp. for their unauthorized solicitation of investments....
The Securities and Exchange Commission (SEC) has received the GCash Digital Excellence Award 2024 for fostering the growth of innovative financial products and services while ensuring the protection of financial consumers. In conferring the award to the SEC, mobile payment services GCash cited the...
The Securities and Exchange Commission (SEC) announced the opening of its new extension office in Lipa City, in line with its efforts to facilitate business formation, invest in high-growth regions, and keep a closer watch on fraudulent and abusive practices in the corporate sector. The SEC on Dec....
JG Summit Holdings Inc., the flagship of the Gokongwei Group, is planning a temporary shutdown of its petrochemical business in the hope of reducing its operational losses. “Management noted that the petrochemical industry continues to face significant challenges, marked by continued softness in...
Stock market investors are hoping that the policy meetings of the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve this week will spur bargain-hunting as share prices remain low amid bearish market sentiment. According to Philstocks Financial, investors are looking for positive...
The Securities and Exchange Commission (SEC) is calling on over 11,600 corporations to avail themselves of its Enhanced Compliance Incentive Plan (ECIP) or face the suspension of their corporate registration for non-compliance with reportorial requirements. In a notice dated Dec. 13, the SEC...
The Organisation for Economic Co-operation and Development (OECD) sees the potential of around 400 private enterprises to go public—one of the main factors that will develop the local capital market. This is according to an in-depth assessment of the Philippine capital market released by the...
Real estate giant Ayala Land, Inc. has raised P2.78 billion from the sale of 75 million common shares of AREIT, Inc. at a transaction price of P37.00 per share. In a disclosure to the Philippine Stock Exchange, ALI said the shares, equivalent to about 2.33 percent of AREIT, were sold under a...
Property giant Ayala Land Inc. (ALI) is preparing another asset infusion into its real estate investment trust, AREIT Inc., following the divestment of P2.78 billion worth of AREIT shares. Philippine Stock Exchange data showed that three blocks sales of AREIT shares were done at the bourse...
With the Christmas season in full swing, the local stock market is seen to gather optimism from hopes of rates cuts by both the Federal Reserve and the Bangko Sentral ng Pilipinas this month. “The local market was able to bounce back last week and close at the 6,700 - 6,800 support range. This...
