Securities and Exchange Commission (SEC) Chairperson and CEO Emilio B. Aquino received the 2024 The Outstanding Filipino (TOFIL) Award for Government and Public Service, leading six other awardees in their respective fields. In a statement, SEC said that Aquino received the highest honor in the...
The Securities and Exchange Commission (SEC) has again extended the deadline for non-compliant, delinquent, suspended, and revoked corporations to take advantage of lower fines and penalties for the late and non-filing of their reportorial requirements. The Commission issued SEC Memorandum Circular...
The local stock market is expected to move sideways this week as stocks are at bargain levels, but negative sentiment ahead of inflation data could still impact prices. “With the market at attractive levels, we may see some instances of bargain hunting. However, we expect lingering concerns to...
Local investment house Unicapital Group sees the Philippine economy growing by 6.3 percent next year, with inflation falling to 3.1 percent, which is expected to propel the Philippine Stock Exchange Index (PSEi) to the 8,000 level. While the group holds a positive outlook for 2025, it acknowledges...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, is considering various options to reduce its exposure to the massive losses of its petrochemical business—including possible divestment. According to Abacus Securities Corporation, JG Summit "implied that all options are on the table"...
The Securities and Exchange Commission (SEC) has been recognized as one of the world’s best employers by international standard-setting organization Investors in People (IiP). In a statement, the SEC said it received the Overseas Employer of the Year Award during a ceremony held in London, United...
The Securities and Exchange Commission (SEC) continues to empower Filipinos to make smart financial decisions as it celebrates Investor Protection Week (IPW) for the fifth year. Taking off from the International Organization of Securities Commissions’ celebration of World Investor Week in...
The Securities and Exchange Commission (SEC) has approved the merger of BDO Unibank Inc. and its wholly-owned subsidiary, The Podium Complex (formerly SM Keppel Land Inc.), with the bank as the surviving entity. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the merger,...
Despite stock prices falling to bargain levels, the market remains bearish amid concerns about the weaker peso, potential US interest rate cuts, and US policies under the new political leadership. “The local market’s technical indicators continue to show a bearish bias, with the bourse falling...
The Securities and Exchange Commission (SEC) has ordered the Capital Markets Integrity Corporation (CMIC) to take over the operations of stock brokerage Equitiworld Securities Inc. (EQWORLD) to secure the accounts of its customers. In a statement, the SEC said it issued the takeover order on Nov....
The Securities and Exchange Commission (SEC) reported that it has secured the conviction of the incorporators of Prosperous Infinite Holdings Phils. Corp. (PIHPC) and operators of Emgoldex Philippines for soliciting investments from the public without necessary license from the commission. In a...
The local stock market continues its bearish trend, breaking below the 7,000 support line, but, cheaper prices and the prospect of a rate cut may encourage buying activity while investors await foreign direct investment and remittance data. "Foreign funds have been exiting the market, and technical...
