Possible stake of SM in Goldilocks ” in preliminary discussions”
August 29, 2017
SM Investments Corp. said talks for by the SM Group to acquire Goldilocks Bakeshop are “in preliminary discussions”, according to a disclosure to the Philippine Stock Exchange on Tuesday. “SM Investments Corporation is in preliminary discussions for a possible equity
NLEX spending up to P20b as it expands expressway
August 28, 2017
NLEX Corp. is investing up to P20 billion to expand its expressway in the north to Bataan from Pampanga, the company said. Rodrigo Franco, president and chief executive of NLEX said it is doing the engineering study for the NLEX
DOF: IMF “very optimistic” on Philippine economy
August 27, 2017
The International Monetary Fund (IMF) is “very optimistic” on the Philippine economic growth, owing to the economy’s continued “impressive” performance, the Department of Finance (DOF) said on Sunday. In a statement, the DOF said IMF relayed this message to the
Peso closes at P51.08:$1, stocks up slightly
August 25, 2017
The peso weakened slightly, but the Philippine currency recovered to close a bit lower from the previous day. The peso closed at P51.08 against the US dollar after hitting a low of P51.145. Friday’s close was the first time in
Peso’s weakening won’t lead to foreign exchange crisis: Espenilla
August 25, 2017
The Bangko Sentral ng Pilipinas on Friday said the Philippines is unlikely to face a currency crisis despite the peso’s recent weakening. “Definitely we are not in a foreign exchange crisis. We allowed the peso to adjust moderately and gradually,” BSP Governor Nestor Espenilla
Stock index ends above 8,000; peso at P51:$1
August 24, 2017
Stocks closed slightly higher on Thursday as the Philippine Stock Exchange index finished above the 8,000 point mark. The index closed 6.18 points higher to 8,004.93. In the broader market, there were 98 gainers , 83 decliners and 62 unchanged.
Stocks down, peso gains
August 23, 2017
Stocks closed lower as the Philippine Stock Exchange index finished 17.18 points down to end at 7,998.75. In the broader market, there were 99 gainers, 88 decliners and 59 unchanged. Volume reached 762.82 million worth P5.7 billion. Foreigners were net
Stocks flat, peso rebounds to P51.25:$1
August 22, 2017
Stocks ended flat on Tuesday, as the Philippine Stock Exchange index finished at 8,015.93 points, down 0.80 points. In the broader market, there were 111 decliners, 77 gainers and 55 unchanged. Volume reached 921.4 million worth P6.12 billion. Foreigners were
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