The Securities and Exchange Commission (SEC) is exploring the revival of a futures market in the Philippines decades after a commodity and currency futures bourse was shut down due to irregularities. In a statement, the SEC said it is looking to develop a futures market to expand options for...
The local stock market is seen to remain bullish and try to breach the 7,500 level this week although there will continue to be bouts of profit-taking—making it more volatile. While the Philippine Stock Exchange is already in a bull market, Philstocks Financial Research Manager Japhet Tantiangco...
The Securities and Exchange Commission (SEC) has issued its guidelines for the accreditation of market participants offering Personal Equity and Retirement Account (PERA) products. The Commission on September 19 issued Memorandum Circular No. 14, Series of 2024, providing for the Guidelines on the...
The Securities and Exchange Commission (SEC) has expanded its reach in Mindanao with the opening of a new extension office to serve Koronadal City annd surrounding areas. The Commission said it officially inaugurated on September 20 the SEC Koronadal Extension Office, located at the second floor of...
Property giant Ayala Land Inc. reported to be raising about P2.7 billion from the sale of shares in its real estate investment trust AREIT Inc. in preparation for another asset injection. According to Abacus Securities Corporation, “Ayala Land is unexpectedly placing out an additional 75 million...
The local stock market may see initially some profit-taking this week following its recent rally although sentiment remains generally upbeat and will continue to buoy share prices. “The local market has been showing bullish momentum, rising for three straight weeks, with the latest one getting it...
The Securities and Exchange Commission is giving delinquent corporations another chance to clear their penalties and file annual reports at lower rates until Nov. 30. In 2023, the SEC offered non-compliant, suspended, and revoked corporations a chance to settle their fines and penalties for late...
A young local stock brokerage, Luna Securities, Inc., is upping the ante in the competitive industry by slashing down its broker’s commission to an industry best rate of 0.12 percent to all of its clients, account holders and users of its trading app. In a media event, the company launched its...
The Securities and Exchange Commission (SEC) successfully held the SEC Small and Medium Industries and Large Enterprises Embracing Sustainability (SMILEES) Roadshow in Baguio City on Sept. 18, 2024. The event was organized in collaboration with the United Nations Development Programme (UNDP)...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Boracay Capital Holdings Inc. after it was found to be offering securities to the public without the necessary licenses from the Commission. In an order dated Sept. 4, 2024, the SEC Enforcement and Investor...
The Securities and Exchange Commission (SEC) continues to advance the implementation of beneficial ownership policies to prevent the misuse of the corporate vehicle for illegal activities. Representatives from the SEC Information and Communications Technology Department and the Anti-Money...
The Securities and Exchange Commission (SEC) has ordered Farm to Market (F2M) Agri-Farm OPC and its related entities to stop soliciting investments from the public since it does not have the necessary approvals from the Commission. In its cease and desist order dated August 20, 2024, the Commission...
