The local stock market is seen to start weaker this week following the drop in US stocks in reaction to US President Donald Trump’s announcement that he has tested positive for COVID-19. According to online brokerage 2TradeAsia.com, this is “a reminder that the pandemic remains to be...
The local stock market is seen to remain weak, weighed down by recent bad news, although investors are seen to look for more cues from the release of more economic data as well as from the Bangko Sentral ng Pilipinas meeting on rates this week. Traders work beneath an electronic ticker at the...
Banks prefer Bangko Sentral ng Pilipinas (BSP) securities with short-term maturities of up to two months, according to its highest-ranking official. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) BSP Governor Benjamin E. Diokno said that based on the...
The Securities and Exchange Commission (SEC) has approved the planned P41.55 billion initial public offering of broadband service provider Converge Information and Communications Technology Solutions, Inc. In its meeting on September 24, the Commission En Banc resolved to render effective the...
The Securities and Exchange Commission (SEC) has approved the shelf registration of SM Investments Corporation’s P30 billion worth of fixed-rate bonds. The Commission En Banc resolved to render effective the registration statement of SMIC for debt...