Local stocks dropped as investors preferred to hold on to cash during the weekend. The main index lost 45.15 points or 0.69 percent to close at 6,494.81 with the Property sector leading the retreat while the Mining and Oil counter advancing the most. Volume remained low with 6.77 billion shares...
The Court of Appeals (CA) upheld the order of the Securities and Exchange Commission (SEC) revoking the certificate of incorporation of Kapa-Community Ministry International for its fraudulent investment-taking activities. The CA Special 16th Division held that the SEC validly acquired exclusive...
The Securities and Exchange Commission (SEC) will allow the submission of electronically signed annual financial statements (AFS) by corporations enrolled in the newly launched Online Submission Tool (OST). This is while Metro Manila and nearby provinces are under enhanced community quarantine. In...
The Securities and Exchange Commission (SEC) announced that it is migrating to a new company registration portal called the Electronic Simplified Processing of Application for Registration of Company (eSPARC) by April 19. In a statement, the SEC said the new portal will provide the public with a...
Philippine shares rose on the back of record performances of US bourses. PSE file photo The main index jumped 94.96 points or 1.46 percent to close at 6,590.11 as share prices rose across the board, led by the Holding Firms and Industrial counters. Volume remained tepid though at 2.41 billion...
The Securities and Exchange Commission (SEC) is giving corporations more time to submit their General Information Sheets (GIS) to cope with the new rounds of enhanced community quarantine (ECQ) and the transition to an online submission system. The SEC extended the deadline in a notice issued...
The local stock market rose as bargain hunters picked up shares late in the session on the back of gains in the US. PSE file photo The main index rose 52.06 points or 0.81 percent to 6,495.15 with only the Property sector retreating. Volume dropped to 1.85 billion shares worth P5.36 billion as...
All financing and lending companies are now required by the Securities and Exchange Commission (SEC) to register with the Anti-Money Laundering Council (AMLC). These firms are also directed to report suspicious transactions and comply with other rules and standards aimed at combating money...
The Securities and Exchange Commission (SEC) announced the revocation of the corporate registration of Pigdeals International Holdings Inc. for unauthorized investment taking activities resembling a Ponzi scheme. The SEC Enforcement and Investor Protection Department (EIPD) issued the order...
The local stock market fell as investors cashed out ahead of the uncertainties that shroud the long weekend. Photo credit: PSE file. The main index dropped 102.46 points or 1.57 percent to close at 6,443.09 as share prices fell across the board. Volume improved but remained low at 2.4 billion...
The government has issued the Implementing Rules and Regulations (IRR) of Republic Act No. 11523, or the Financial Institutions Strategic Transfer (FIST) Act which will regulate the sale of non-performing assets of banks. The IRR was issued by the Securities and Exchange Commission (SEC),...
The local stock market weakened as investors booked profits ahead of the weekend and rising new COVID-19 cases. The main index shed 36.37 points or 0.55 percent to close at 6,544.63 with sectoral indices evenly mixed. Volume remained low at 4.91 billion shares worth P6.28 billion as gainers...
