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SEC proposes rules for PERA investment products - BusinessWorld Online

SEC proposes rules for PERA investment products - BusinessWorld Online
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The great painkiller | John Mangun

Two years ago on January 8, 2020, the Philippine Stock Exchange Composite Index was at 7,736. We are about 8 percent lower today. We were four days away from the 2020 Taal eruption. My first editorial about the newly discovered virus in Wuhan, China was two weeks away. These were… ....

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Better be worth it | John Mangun

The Philippine Stock Exchange Composite Index ended 2021 virtually unchanged, down 17 points from the 2020 close. The year turned out to be a roller coaster ride. In another sense, we started the New Year 2021 with the hope that the worst of the pandemic was behind us when in… ....

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The rapid rise of the retail investor


BusinessWorld
January 29, 2021 | 8:30 am
The global pandemic was an event no one was prepared for, leaving millions of deaths, unemployment, and economic meltdown. With millions forced to stay at home, the internet became a window for people to connect with their loved ones, conduct business, and bring back a sense of normalcy in their lives.
Facebook, Instagram, TikTok – the biggest sources of pandemic entertainment and trends. Various forms of social media are available for everyone to keep up with the latest frenzy. And the latest source of fascination? The Philippine Stock Market.
In 2019, the Philippine Stock Exchange reported a stunning 12.7 percent growth in total stock market accounts, with online investors leading the way. This boom in retail participation was mainly a result of convenience and accessibility of online investment platforms and investment learning programs. Then the pandemic suddenly accelerated the Filipinos’ adoption o ....

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SEC approves P50.8-B public offers – Manila Bulletin


Published December 25, 2020, 5:00 AM
The Securities and Exchange Commission (SEC) has approved the public offerings of securities by Philippine Stock Index Fund Corp. (PSIF) and Cityland, Inc. worth a total of P50.8 billion.
The Commission En Banc resolved to render effective the registration statements of PSIF covering up to P50 billion of units of participation and Cityland for up to P815 million worth of commercial papers, subject to the companies’ compliance with certain requirements.
PSIF will offer up to 50 billion units of participation at an initial price of P1 each. The fund will invest the proceeds in securities comprising the Philippine Stock Exchange Composite Index for capital appreciation, which will in turn benefit unitholders. ....

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