Markets
Oracle earnings propel stocks, Ellison to world’s 2nd richest
Strong earnings—and an even stronger outlook—sent Oracle Corp. shares soaring to an all-time high on Thursday, adding an estimated USD26 billion to the net worth of co-founder Larry Ellison, enough to make him the world second wealthiest man, at least on paper.
PSE slashes STT under new law
The Philippine Stock Exchange (PSE) announced it will slash the stock transaction tax (STT) to 0.1 percent from the current 0.6 percent starting 1 July 2025, in line with the implementation of the Capital Markets Efficiency Promotion Act (CMEPA).
Market rebounds but remains cautious amid global uncertainty
The Philippine Stock Exchange index (PSEi) ended May at 6,341, marking a 9 percent rebound from its 7 April low but still registering a 3 percent decline year-to-date, the securities unit of the Bank of the Philippine Islands said in a research note Thursday.
SEC chief Lim flags PH stock market as too small, eyes major reforms
Newly appointed Securities and Exchange Commission (SEC) chairman Francis Ed. Lim on Tuesday raised alarm over the limited scale of the Philippine stock market, calling it "too small" relative to regional peers and pledging sweeping reforms to stimulate capital market growth.
Lawyer Francis Lim named new SEC chairman
President Ferdinand R. Marcos Jr. has appointed lawyer Francis Edralin Lim as the new chairperson of the Securities and Exchange Commission. Executive Secretary Lucas P. Bersamin said on Tuesday that Lim will take over from SEC Chairman Emilio Aquino, whose seven-year term ends on June 6.
