Markets
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.
GCash powers Tanay’s digital shift in public transactions
In a major step toward digital transformation, the Municipality of Tanay has partnered with GCash, the country's leading finance app, to launch the province’s first fully integrated digital payment system.
US appeals court temporarily reinstates Trump tariffs
A U.S. federal appeals court on Thursday temporarily reinstated President Donald Trump’s sweeping “reciprocal” tariffs, granting a stay on a lower court ruling that had declared the duties illegal and ordered their removal within 10 days.
