September 2, 2024

SEC cuts penalties for ‘delinquent’ firms

MANILA: The Securities and Exchange Commission (SEC) issued a new memorandum circular (MC) that will allow firms with ‘delinquent’ status to restore their good standing.

In a statement Monday, SEC said it launched the Enhanced Compliance Incentive Pl…

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Stocks up, peso weakens

MANILA: The local stock market closed higher on Monday amid expectations that headline inflation eased in August, while the peso closed weaker against the dollar.

The benchmark Philippine Stock Exchange index (PSEi) gained 25.87 points to close at 6,…

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