The Philippine Stock Exchange (PSE) is removing Union Bank of the Philippines (UnionBank/UBP) from the PSEi, PSE Dividend Yield (PSE DivY), and Financials indices starting Oct. 4, 2023. In a memorandum, the bourse said that “a downward adjustment was made to UBP's free float that resulted...
The Philippine Stock Exchange (PSE) reported that its wholly-owned subsidiary, Securities Clearing Corporation of the Philippines (SCCP), has successfully migrated to a shortened settlement cycle of T+2. “This migration is a significant advancement in the domestic capital market and will...
The Securities and Exchange Commission (SEC) is seeking to adopt regional best practices to improve the regulatory environment for short selling at the Philippine Stock Exchange (PSE) with the aim of boosting trading activity. Short selling is the practice of betting on the decline of a...
The Securities and Exchange Commission (SEC) reminded stock market investors of the shorter settlement cycle for securities trades starting today, Aug. 24, for more efficient transactions and spur activity in the Philippine capital market. Last Aug. 11, the Commission issued Memorandum Circular No....
The Philippine Stock Exchange (PSE) is encouraging all publicly-listed firms to conduct quarterly briefings on their financial performances to cultivate healthy investor relations. This came after a group of 10 publicly-listed companies (PLCs) featured in the PSE STAR (Strengthening Access and...
The local stock market is seen to open the week with some bargain-hunting following last week’s steep drop although investors will also be taking cues from the release of the Philippines’ second quarter economic growth data as well as the US July inflation numbers. “Given the steep decline...
The Philippine Stock Exchange (PSE) announced that corporate executives of 10 publicly listed companies (PLCs) will be at the forefront of PSE STAR: Investor Day on Aug. 16 and 17, 2023. In a statement, the bourse said these executives will present their financial performance for the first...
The Philippine Stock Exchange (PSE) announced the election of two new independent directors, Peter B. Favila and Andrew Jerome T. Gan, at the company’s annual stockholders’ meeting (ASM) held on August 5, 2023. Photo (from left, by row): President and CEO Ramon S. Monzon, Chairman and...
The Philippine Stock Exchange (PSE) reported an 11.6 percent improvement in net income for the first half of 2023 to P417.51 million compared to the same period last year on higher investment income. In a statement, the bourse said its operating revenues were lower by 12.9 percent to P740.09...
House Speaker Martin Romualdez (MANILA BULLETIN) House Speaker Martin Romualdez is predicting that the Philippine Stock Exchange (PSE) would play a bigger role in the country’s development with the potential enactment of the Maharlika Investment Fund (MIF). Romualdez, the prime mover of the MIF...
Lopez-led Energy Development Corporation (EDC) has formally pulled out its concession for geothermal resource exploration in Peru, citing turbulent political situation in that Latin American energy market as the main reason for such investment decision. The company - via its parent firm First Gen...
Listed firm Pilipinas Shell Petroleum Corporation (SHLPH) has secured P9.0 billion loan from the Bank of the Philippines Islands (BPI) and Metrobank. In a disclosure to the Philippine Stock Exchange (PSE), Shell said the P9 billion loan will be equally split between the two banks. The loan will...
