DOF welcomes Senate approval of PPP Act on 2nd reading
The Department of Finance (DOF) welcomes the passage of Senate Bill No. 2233 or the Public-Private Partnership (PPP) Act on second reading on September 20, 2023.
Guidelines latest news
SEC issues new sustainability report guidelines
The Securities and Exchange Commission (SEC) said Thursday it will issue revised Sustainability Reporting (SR) guidelines for publicly-listed companies to reflect the latest developments in the global frameworks.
Makati asks court for status quo, clarification on SC decision in Taguig dispute
MANILA, Philippines – Makati City Mayor Abby Binay asked the Taguig City Court to issue a status quo as they waited for the resolution of their motion for clarification and guidelines on the implementation of the decision of the Supreme Court on its land dispute against Taguig City.
PSE announces reforms to bolster stock market
The Philippine Stock Exchange (PSE) said Wednesday it is amending its board lot rules to allow retail investors to purchase stocks for as low as P100.
Press Release - Poe seeks tougher, broader law vs. animal cruelty
Sen. Grace Poe has proposed the creation of a body that will have wider powers in ensuring the promotion of animal welfare in the country and their protection against cruelty.
DENR eyes to register small-scale miners to formalize ops
MANILA, Philippines — The Department of Environment and Natural Resources said it plans to have small-scale miners registered with the government in a bid to formalize and regulate their operations.
Quick takes from around the market
PSE [PSE 175.00, down 0.1%; 69% avgVol] [link] announced that its guidelines for short selling will “take effect immediately”, moving the market “one step closer” to full implementation of short selling on the exchange. The guidelines indicate that the PSE has expanded the shares that are eligible for short selling (PSEi, plus MidCap and DIvY), and that there will be a 10% cap on short interest that will be measured on a per-company basis.
DTI urges LGUs to comply with EO 41; cited Manila City gov’t first to comply with the order – Presidential Communications Office
The Department of Trade and Industry (DTI) urged local government units (LGUs) to religiously comply with the provisions of Executive Order (EO) No. 41, which suspends ‘pass-through’ fees of motor vehicles on national roads.