Net outflows of foreign portfolio investments slightly higher in March
April 20, 2017
Foreign portfolio investments transactions for March 2017 resulted in overall net outflows of $460 million, slightly higher than the $409 million net outflows recorded in February 2017, a statement by the Bangko Sentral ng Pilipinas (BSP) said Thursday. Registered foreign
National government budget gap at P21.5b for January to February
April 20, 2017
The national government ran a P23.7 billion deficit for February 2017, a third lower than last year as revenue generation outpaced spending growth, the Bureau of Treasury said Thursday. The trend is reflected as well in the lower cumulative shortfall
Stocks, peso lower
April 19, 2017
Stocks ended lower on Wednesday with telco shares declining after the Philippine Competition Commission appealed to the Supreme Court to allow the former to review a big sale of telecom assets by San Miguel to Smart and Globe. The Philippine
LRMC signs P980m deal to restore LRT Line 1 structure
April 19, 2017
Light Rail Manila Corp., a consortium led by Ayala Corp. and Metro Pacific Investments Corp. said on Wednesday it signed a P980-million deal with First Balfour to restore the structure of Light Rail Transit (LRT) Line 1. The project includes
Stocks almost unchanged
April 18, 2017
Stocks closed almost unchanged on Tuesday as the Philippine Stock Exchange index finished at 7,588.98, up 0.45 points. In the broader market, there were 104 decliners while gainers were 87. Forty eight issues remained unchanged. Volume was 1.25 billion shares
GT Capital to increase stake in Metrobank to 36 percent
April 18, 2017
GT Capital Holdings, Inc. disclosed that it signed Tuesday a memorandum of agreement to acquire, subject to regulatory approvals, 306,000,000 secondary shares of Metropolitan Bank & Trust Company (Metrobank) held by various Ty family-owned companies for approximately P24.72 billion. The
Stocks settle lower
April 17, 2017
Stocks ended lower on Monday following the Holy Week break. The Philippine Stock Exchange index closed 41.11 points lower to 7,588.83 In the broader market, there were 106 decliners, 74 advancers and 50 issues unchanged. Decliners were led by Megaworld
Yuchengco, RCBC chairman emeritus dies
April 17, 2017
Alfonso Yuchengco, chairman emeritus of Rizal Commercial Banking Corp., (RCBC) passed away last Saturday, the bank said in a disclosure to the Philippine Stock Exchange on Monday. “Our bank is mourning the untimely demise of our chairman emeritus, Ambassador Alfonso
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