The Securities and Exchange Commission (SEC) announced that it has joined the Global Financial Innovation Network (GFIN), in line with its commitment to supporting the development of the Philippine capital market and overall financial sector. Formally launched in 2019, the Global Financial...
Real estate giant Ayala Land Inc. posted a 74 percent drop in net income to P8.7 billion last year from P33.2 billion in 2019 but is increasing capital expenditures as it is optimistic of a recovery in 2021. In a media briefing, ALI President and CEO Bernard Vincent O. Dy said the firm endured...
The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corporation’s planned issuance of fixed-rate bonds worth up to P30 billion. The SEC said AboitizPower may issue the debt securities in one or more series within three years. For the first tranche, the listed...
The Securities and Exchange Commission (SEC) announced its fifth legal victory in an ongoing crackdown on predatory lending, after a regional trial court convicted the incorporators and directors of Naurasidhu55 Lending and Trading Corporation. In a statement, the SEC...
The Securities and Exchange Commission (SEC) said it will soon allow corporations and partnerships to file their audited financial statements (AFS), General Information Sheet (GIS) and other annual reports online. In a statement, the Commission will allow filings in in digital format and remotely...
The enactment of the Financial Institutions Strategic Transfer (FIST) law, which is expected to free up over P1 trillion worth of banks’ soured loans and non-performing assets and assist 600,000 micro, small and medium enterprises (MSMEs), will ensure the stability of the local financial system...
The Securities and Exchange Commission (SEC) is seeking public comments for the draft Implementing Rules and Regulations (IRR) of Republic Act No. 11523 or the Financial Institutions Strategic Transfer (FIST) Act, a critical economic measure in the Philippines’ economic recovery. In a...
The Securities and Exchange Commission (SEC) has approved the P14.71 billion initial public offering (IPO) of DoubleDragon Properties Corporation’s real estate investment trust (REIT). The SEC En Banc resolved to render effective the registration statement of DDMP REIT, Inc. for 17.83 billion...
The Securities and Exchange Commission (SEC) again warns the public against individuals and groups engaged in unauthorized investment-taking activities disguised as cryptocurrency trading and franchising. In separate advisories issued on February 9, the Commission advised the public to...
The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Chiyuto Creative Wealth Documentation Facilitation Services for operating an unauthorized investment program that resembles a Ponzi scheme. The SEC Enforcement and Investor Protection Department...
The local stock market bounced back to the 7,000 level as global stocks rallied. The PSEi hiked 84.85 points or 1.22 percent to close at 7.044.06 as sub-indices rose across the board. A hefty 21.86 billion shares worth P18.16 billion changed hands as gainers beat losers 122 to 89 with 54...
The stock market weakened as investors continued to pocket gains while waiting for more cues to buy up stocks. Photo credit: https://www.pse.com.ph The main index dropped 31.8 points or 0.45 percent to close at 6,959.21 with only the Financials and Mining and Oil counters holding their...
