SEC Upholds 20% Public Float Mandate in Philippines

SEC Upholds 20% Public Float Mandate in Philippines

MANILA, Philippines – The Securities and Exchange Commission (SEC) remains steadfast in enforcing the 20 percent minimum public float rule for firms aiming to list on the domestic stock exchange, though some exceptions can be made.

On Thursday, the regulatory body issued a statement asserting that the current rule “significantly enhances price determination and minimizes chances for price manipulation.”

“The SEC continues to uphold the 20 percent minimum public float requirement for firms seeking an initial public offering (IPO). This stance is particularly strong considering the benefits of increased public ownership towards enhancing market depth and efficiency,” stated the SEC.


READ:
PSE approves 15% share float for companies making their debut

“The float requirement aims to decrease ownership concentration and promote sound corporate governance, thereby bolstering the Filipino capital market,” it further stated.

Following confirmation from Philippine Stock Exchange (PSE) President and CEO Ramon Monzon to reporters, it was revealed that the Securities and Exchange Commission (SEC) has endorsed their plan to lower the required minimum public ownership threshold to 15 percent for firms aiming to secure at least PHP 5 billion through an initial public offering (IPO).

When relaxing the regulations, Monzon stated that businesses should be encouraged to go public, particularly considering the present unstable market circumstances.

Although the CEO stated that the SEC provided general authorization, the commission later specified that this was permissible only when firms requested exemptive relief.

Up until now, the SEC hasn’t received any such applications from companies planning to go public, like the well-known digital wallet service GCash.

According to the SEC regulations, businesses availing of the reduced public float requirement must achieve at least a 20% threshold within two years after listing on the stock exchange. This target can be reached through additional share offerings.

The SEC is dedicated to sustaining an open, fair, and effective capital market,” stated the SEC. “Although the commission encourages new listings, it maintains strict regulatory criteria designed to protect the integrity and long-term stability of both the Philippine capital market and the overall economy.

Previously, analysts cautioned that decreasing the minimum threshold for public shareholding might deter individuals from investing in the Philippine stock market.

Philippines Sees Trade Deficit Narrow Sharply to $3.15 Billion in February

Philippines Sees Trade Deficit Narrow Sharply to $3.15 Billion in February

MANILA — The trade gap in the Philippines narrowed to its smallest size in almost four years during February, driven by continued growth in exports albeit at a reduced rate along with a decline in imports, according to initial government statistics released on Friday.

According to the Philippine Statistics Authority, the trade shortfall decreased to $3.15 billion in February, marking the lowest level since June 2021. The deficit for January underwent a slight revision upwards to $5.12 billion from an initially stated figure of $5.08 billion.

In February, exports climbed by 3.9%, amounting to $6.2 billion, which was a deceleration from January’s increase of 6.3%. On the other hand, imports dropped by 1.8% year-over-year to reach $9.4 billion, contrasting with the prior month’s expansion of 11.2%.

The economy grew at an annual rate of 5.2% during the last quarter of 2024, maintaining the same speed as in the prior period yet falling short of what analysts had anticipated. The administration plans to publish the first-quarter growth data on May 8.


— Reported by Karen Lema; Edited by John Mair

IMF Denies Pakistan’s Plea to Lower Transaction Taxes in Property Sector

IMF Denies Pakistan’s Plea to Lower Transaction Taxes in Property Sector

Islamabad [
Pakistan
], March 24 (ANI): On this date,
International Monetary Fund
(
IMF
) has rejected
Pakistan
‘s
Federal Board of Revenue
‘s (
FBR
request to lower transaction tax rates
property sector
For now, The News International has covered this story.

Previously, high-ranking officials had indicated that the
IMF
had consented to decrease the withholding tax for property buyers by 2 percent starting April 1, 2025, contingent upon receiving written approval from the
IMF
. However, the
IMF
has now formally declared that it will not agree to reduce the transaction taxes for properties.

In addition, the
IMF
has declined to lower tax rates for tobacco and beverages and has recently turned down the proposal
FBR
request to reduce tax rates for the
property sector
. Meanwhile,
Pakistan
and the
IMF
are progressing towardFinalizing a Staff-Level Agreement (SLA). Nonetheless,
Pakistan
will need to furnish written commitments to the
IMF
that the provinces will not get involved in wheat purchasing activities.

The international financial institution has shown its readiness to increase the current $7 billion facility.
Extended Fund Facility
(EFF) with
climate finance
as part of the Resilience and Sustainability Facility (RSF) initiative. This plan will be submitted to the
IMF
‘Executive Board for ratification along with
Pakistan
The News International reported regarding the approval for the issuance of the second installment.

The precise amount of funding allocated through the RSF has not been disclosed; however, it is anticipated that as much as USD 1 billion may be made available via the Climate Resilience Fund (CRF).
Pakistan
Finance Minister Muhammad Aurangzeb expressed optimism on Friday that both parties would soon conclude the Staff Level Agreement.

The
IMF
‘s Resident Chief in
Pakistan
Mahir Binci said, “The
IMF
has not agreed on a lower withholding tax on property transactions and on lowering March 2025 targets,” The News International reported.

On reducing the March 2025 tax collection target, the official sources said that the
FBR
was unable to meet the continuous monthly targets under any circumstances and
IMF
agrees or not, it would experience a shortfall in achieving the desired target of
Pakistan
I have allocated Rs. (PKR) 1,220 billion for this current month.

According to the
FBR
According to their internal evaluation, revenues might decrease by PKR 60 to 80 billion because of a higher number of holidays towards the end of the month for Eid-ul-Fitr. Consequently,
Pakistan
‘Ministry of Finance and the’
IMF
were informed that this deficit of PKR 60-80 billion needs to be accounted for in the revenue collection targets for April and May 2025 instead of June 2025, as increased tax collections are anticipated during the final month of the present fiscal year. (ANI)

Provided by Syndigate Media Inc. (
Syndigate.info
).

S. Korea’s Bust Businesses Reach 6-Year Peak

S. Korea’s Bust Businesses Reach 6-Year Peak

Approximately 12% of businesses in South Korea faced insolvency last year because of the decline in the construction and property sectors, which represents the highest rate since 2019. These enterprises, weighed down by greater debts than their asset values, confront total loss of capital and fiscal insecurity.

Based on data from the Federation of Korean Industries (FKI) dated March 23, approximately 4,466 businesses—representing 11.9% of the total 37,510 externally audited enterprises (financial institutions excluded)—are projected to face complete bankruptcy. This figure shows an uptick of 116 companies (+2.7%) compared to the previous count of 4,350 in 2023, marking the highest point within this span over the past six years since records started being kept in 2019. Additionally, the likelihood of these companies going bankrupt hit a new peak at 8.2% last year.

In terms of industries, those involved in real estate and rentals experienced the greatest vulnerability at 24.1%, directly affected by the decline in construction activities. Following closely were utility companies (15.7%), sectors related to healthcare and social assistance (14.2%), as well as entertainment and recreation services (14.0%). Construction saw the most significant rise; its insolvency risk climbed to 6.1%—almost double what it was five years earlier when it stood at 3.3%. This surge can be attributed primarily to reduced project orders amidst elevated interest rates and inflation levels.

A representative from FKI cautioned, “The swift rise of bankrupt firms intensifies ambiguity by deteriorating the actual economy and amplifying hazards within the financial sector,” further stating that “these threats can be mitigated via decreased borrowing expenses and enhanced liquidly assistance.”

Warga yang Tidak Dapat Uang Baru? Kini Bisa Ambil Langsung pecahan Rp 10.000 dan Rp 20.000 di ATM


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Agar dapat mengakses uang dalam jumlah kecil, Bank Mandiri serta BNI menawarkan layanan ATM dengan denominasiRp 10.000 dan Rp 20.000.

ATM ini terdapat di berbagai kota di Indonesia.

Jasa ini mempermudah para pemegang rekening untuk mencairkan dana tanpa perlu mengantri lama di kantor bank.

Berikut daftar ATM Mandiri dengan Pecahan Rp 10.000 dan Rp 20.000 di Jakarta dan Bekasi

Menurut data dari akun resmi Mandiri Care (@mandiricare), berikut ini adalah daftar mesin ATM Milik Bank Mandiri yang menyedikan uang dalam denominasi Rp 10.000 serta Rp 20.000 untuk area Jakarta dan Bekasi:

1. Pusat Perbelanjaan Mandiri Gatot Subroto

JKT GD PLZMDRLBYSELATN 03 CRM (S1RH0GJY), Jalan Gatot Subroto Kav.36-38, Senayan

JKT SB PLZMDR CRM04 (S1RK0GJZ), Jalan Gatot Subroto Kav. 36-38, Senayan

JKT SB PLZMANDIRI CRM (S1RK0GT1), Jalan Gatot Subroto Kavling 36-38, Senayan, Kecamatan Kebayoran Baru, Jakarta Selatan

JKT GD PLZMDRLBYSELATN 02 (S1AW0G0A) – denominasi Rp20.000,-

2. Pondok Kelapa

JKT SB PONDOKKELAPA 02 CRM (S1RK16ZP), Jalan Pd. Klpp. Indah Nomor 22-23, Duren Sawit

JKT SB PONDOKKELAPA 01 (S1RKK29C), Jalan Pekapuran Indah Nomor 22-23, Duren Sawit

3. Blok M Plaza

JKT MP BLOK M CRM (S1RK1BF8), Jalan Bulungan Nomor 76, Kramat Pela, Kebayoran Baru

4. Thamrin City

JKT CB THAMCIT LT DSR-1 (S1RK1BK2), Jalan Kebon Kacang Raya, Kelurahan Kb. Melati, Lantai Thamrin City Mall

5. Bendungan Hilir

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Jalan Bendungan Hilir Nomor 82, Tanah Abang, Jakarta Selatan (JKT SB BENDUNGAN HILIR 02 CRM) (S1RK1BKI)

6. Jalan Sunda

Jalan Sunda Nomor 1 (S1RK1JC4), Jl. Sunda No.1, Gondangdia, Menteng

7. SPBU Kahfi Jagakarsa

JKT PB KAFHI CRM (S1RK1LQ7), Jalan Moch Kahfi Nomor 1, Ciganjur, Jagakarsa

8. Sentra Mandiri Menteng

JKT GD SENTRAMANDIRI 07 (S1RO1BBU), Jalan RP. Soeroso Nomor 2, Cikini, Menteng

JKT GD SENTRAMANDIRI 01 (S1AW12MH) – DenominasiRp 20.000

9. Gedung Wisma Mandiri di Jakarta Pusat

JKT GD WISMAMANDIRI 01 (S1ANAJ3F), Jalan Kebon Sirih Nomor 83, Menteng

10. Jatiwaringin

Area Jatiwaringin Bekasi (S1RO1FQG), Jalan Raya Galaxy Blok H/19 – Denom Rp 20.000

11. Juanda Bekasi

Lokasi Area Bekasi Juanda (S1RO1Y61), berada di jalanan Jalan Insinyur H. Juanda Nomor 155, Kecamatan Bekasi Timur dengan biaya penyewaan sebesar Rp 20.000.

Daftar Mesin ATM Bank Negara Indonesia yang Mendukung Uang Kertas Sebesar Rp 20.000

Berdasarkan informasi dari akun resmi @BNICustomerCare, berikut daftar ATM BNI yang menyediakan pecahan Rp 20.000:

1. Bogor

Galeri IPB Dramaga 4 – Jalan Raya Bogor-Jasinga Dramaga, Kampus IPB Dramaga

Galeri IPB Dramaga 6 – Jalan Raya Bogor-Jasinga Dramaga, Kampus IPB Dramaga

Galery IPB D III – Jalan Kumbang Nomor 14, Kota Bogor

2. Tangerang

Kantor Cabang Pembantu BNI UIN 1 – Jalan Raya Ciputat – Tangerang Selatan

3. Depok

Kantor Cabang Bank Negara Indonesia Universitas Indonesia – Area Kampus UI Depok (Bangunan Perpustakaan Utama UI Di Depok)

FIK UI – Universitas Indonesia di Kampus Depok, Bangunan FIK UI, Jalan Profesor Dr. Bahder Djohar

Balairung UI Depok – Area Utama di Kampus Universitas Indonesia Depok (Bangunan Balairung UI Depok)

4. Jakarta Utara

Kantor Cabang Pembantu (KCP) KBN Cakung Nomor 2 – Terletak di kompleks KBN Cakung, mengikuti jalur Jawa Blok A.14-1 hingga A.14-2

5. Jakarta Pusat

Lobi Selatan Bangunan Grha BNI – Jalan Jenderal Sudirman Kavlingan Nomor 1

KCU Harmoni 2 – Kompleks Duta Merlin Blok A Nomor 1-2-3, Jalanan Gajah Mada No. 3-5

Direktorat Anggaran Gedung L Kementerian Keuangan – Jalan Lapangan Banteng Timur

KC Pecenongan – Jalan Pecenongan Raya Nomor 52

Kantor Cabang Pembantu Gunung Sahari 2 – Jalan Raya Gunung Sahari Nomor 13

KCP Krekot – Jalan H. Samanhudi Nomor 15-A

6. Jakarta Barat

KCP City Resort – Ruko City Resort Residence Blok C Nomor 49, Cengkareng

Kantor Cabang Pembantu Mercu Buana – Jalan Meruya Selatan, Kembangan

Kantor Cabang Pembantu Trisakti Kampus B – Jalan Kyai Tapa Nomor 260

KC Roa Malaka 2 – Jalan Roa Malaka Selatan Nomor 23-25, Tambora

Kantor Cabang Pusat Trisakti Kampus A – Universitas Trisakti Kampus A, Jalan Kyai Tapa, Grogol

KCP Untar 1 – Bangunan Utama Untar, Jalan Letjen S. Parman Nomor 1

Universitas Trisakti (Suara) – Univ. Trisakti Kampus A, Jalan Kyai Tapa

7. Jakarta Selatan

BNI Universitas Pertamina – Jl. Teuku Nyak Arief RT 07/RW 08 Simprug Kebayoran

8. Bandung

Galeri ATM PTB 8 – Jalan Tamansari Nomor 80, Kelurahan Cipaganti, Kecamatan Coblong, Bandung

BNI KCP Setrasari 2 – Jl. Surya Sumateri No. 9, Bandung

BNI KCP Unpad 6 – Jalan Dipatiukur Nomor 35, Bandung

9. Yogyakarta

Cabang Yogyakarta 1 – Jalan Trikora Nomor 1, Ngupasan, Gondomanan

KLN UPN Veteran 2 – Jalan Lingkar Utara, Kelurahan Caturtunggal, Kecamatan Depok, Sleman

Proses Penarikan Uang dalam Denominasi Rp 10.000 dan Rp 20.000 melalui Mesin ATM

Agar bisa menarik uang tunai dalam denominasi Rp 10.000 ataupun Rp 20.000, silakan lakukan sesuai dengan instruksi di bawah ini:

Datangi mesin ATM terdekat yang memiliki layanan pecahan uang kecil.

Sisipkan kartu ATM Anda ke dalam mesin.

Masukkan PIN dengan aman.

Pilh jumlah tunai yang diinginkan.

Pilih nominal uang sebesar Rp 10.000 atau jika ada, gunakanRp 20.000.

Ambil kartu ATM serta sejumlah uang tunai.

Harap diperhatikan bahwa ketersediaan pecahan kecil di ATM tergantung pada persediaan yang tersedia. Untuk alasan ini, sebaiknya periksa lokasinya serta ketersediaan uang dengan menggunakan Google Maps atau hubungi customer service bank tersebut sebelum Anda datang.

Bagi detail tambahan, silakan mengunjungi website resmi Bank Mandiri serta BNI.

Faktor Dalam Negeri Dominasi Peningkatan Risiko Investasi di Indonesia

Faktor Dalam Negeri Dominasi Peningkatan Risiko Investasi di Indonesia


Inovasi Hidup Lebih Mudah dengan ID.CO.ID – JAKARTA.

Persepsi risiko investasi atau
Credit Default Swap
(CDS) jangka waktu lima tahun untuk Indonesia baru-baru ini menunjukkan peningkatan. Kondisi ini berlangsung seiring dengan goncangan yang mempengaruhi bursa saham dalam negeri.

Menurut informasi dari situs World Government Bonds, selisih risiko kredit atau CDS jangka waktu lima tahun untuk Indonesia pada minggu tersebut (23/3) adalah 91,66. Nilai ini mengalami peningkatan sebesar 11,08% dibandingminggu-minggu sebelumnya. Selain itu, CDS Indonesia juga menunjukkan kenaikan yaitu 28,82% dalam satu bulan terakhir serta 30,76% dalam enam bulan belakangan.

Pakar Pasar Keuangan dan juga Direktur Avere Investama Teguh Hidayat mengatakan bahwa meningkatnya sentimen risiko dalam berinvestasi disebabkan oleh arus dana asing yang melimpah keluar dari beberapa segmen seperti saham, surat utang, serta bidang usaha nyata. Misalnya saja, para investor luar negeri telah melakukan pencatatan di pasar modal.
net foreign
sel
L dari perdagangan di bursa efek Indonesia mencapaiRp 33,2 triliun secara total.
year to date
(hingga saat ini) sampai tanggal 21 Maret 2025.

Keluarnya modal asing dapat dipicu oleh sejumlah alasan, baik internal maupun external. Beberapa penyebab utamanya meliputi kebijakan tariff dari Presiden AS Donald Trump yang mengacaukan situasi geopolitik global, resesi hubungan Israel dan Palestina yang bangkit lagi, serta masalah politik di Turki sehingga merosotnya indeks pasar saham negeri itu.


Techno9 Indonesia (NINE) Selamatkan Dana Besar dari Pebisnis Singapura

Meskipun demikian, Teguh berpendapat bahwa elemen luar negeri kurang memiliki dampak signifikan terhadap para pemodal asing yang beroperasi di Indonesia. Sebalinya, para pemodal tersebut cenderung khawatir tentang situasi dalam negeri yang dipenuhi ketidakjelasan.

Baru-baru ini, pemerintahan menghadapi kritikan karena sejumlah keputusan terbaru mereka yang memicu demonstrasi besar-besaran dalam masyarakat. Sebagai contoh, pendirian Dewan Manajemen Investasi (DMI) Danantara telah menuai celaan akibat adanya dugaan bahwa hal itu membuka pintu bagi campur tangan urusan politik yang melibatkan para pejabat senior di lembaga tersebut.

Belum termasuk perdebatan seputar penyetujuan revisi UU Tentara Nasional Indonesia (TNI), yang menimbulkan kontroversi hingga memicu unjuk rasa di beberapa pusat kota utama. Arah gelombang protes bisa saja berulang saat pemerintah dan Dewan Perwakilan Rakyat (DPR) mulai merundingkanRUU Kepolisian Republik Indonesia (PolRI).

“Kebijakan-kebijakan kontroversial tersebut akhirnya menjadi perhatian bagi pers luar negeri. Melalui informasi itu, para investor asing menyadari situasi nyata yang berlangsung di Indonesia, membuat mereka khawatir untuk berinvestasi di sana dan pada akhirnya memilih untuk meninggalkannya secara sementara,” jelasnya, Minggu (23/3).

Analis pasar modal dari Universitas Indonesia yang bernama Budi Frensidy turut menyampaikan bahwa suasana politik di Indonesia sedang panas akhir-akhir ini setelah berbagai unjuk rasa terjadi sehubungan dengan perdebatan tentang keputusan pemerintahan. Ini tanpa raga akan mencerminkan persepsi risiko dalam bidang investasi di negara tersebut.

Di samping itu, Indeks CDS di Indonesia mengalami kenaikan akibat dari pemangkasan peringkat pasar modal domestik oleh dua institusi global, yaitu Morgan Stanley dan Goldman Sachs.

Kenaikan tingkat CDS di Indonesia akan memperberat pergerakan indeks harga saham gabungan (IHSG) dalam beberapa periode mendatang. Terlebih lagi, IHSG juga dipengaruhi oleh berbagai sentimen negatif yang muncul di kancah global.

“Tentu saja ini menjadi beban berat untuk IHSG, namun semoga hal tersebut tidak menyebabkan indeks jatuh di bawah level 6.000,” ujar Budi pada hari Minggu (23/3).

Walaupun terdapat risiko dari fluktuasi pasarnya tetap ada, Budi mengestimasikan bahwa Indeks Harga Saham Gabungan (IHSG) bisa bergerak hingga tingkat sekitar 6.400 pada akhir kuarter I tahun 2025. Sedangkan untuk akhir tahun ini sendiri, dia meramalkan IHSG akan berkisar antara 6.700 hingga 6.800.

Dia pun mengestimasi bahwa saham perusahaan yang bergerak di bidang perkebunan kelapa sawit serta sektor makanan memiliki potensi untuk terus bertambah nilainya hingga tahun 2025 asalkan harga tetap stabil.
Crude Palm Oil
(CPO) dunia tidak menunjukkan pola penurunan. “Perusahaan yang memiliki potensi untuk meningkatkan saham mereka atau paling tidak stabil mungkin adalah perusahaan yang telah melaksanakan tindakan korporasi.”
buyback
,” imbuhnya.

Sebaliknya, Teguh mengestimasikan bahwa IHSG tetap memiliki risiko untuk jatuh di bawah level saat ini. Kondisi itu mungkin akan terwujud apabila pemerintahan tidak segera melakukan evaluasi atas keputusan-keputusannya yang berkaitan dengan keyakinan para investormu asing, disertai dengan penurunan kesehatan ekonomi negara secara keseluruhan.

“Bukan mustahil IHSG dapat turun hingga level 5.000. Namun demikian, diharapkan pemerintah tak mengeluarkan keputusan yang ganjil, agar bursa saham bisa bangkit,” jelaskan Teguh.

Meskipun demikian, ia belum dapat memberi rekomendasi tentang saham unggulan pada saat ini karena keadaan pasarnya yang belum pasti. Akibatnya, para investor lebih baik melakukan pantauan sambil menunggu terlebih dahulu.


Ahli Ungkap Alasan Kenaikan Resiko Berinvestasi di Indonesia (CDS)