SM Investments Group buys 34.5% of Negros Navigation Corp.
April 4, 2017
SM Investments Corp has bought 34.5 percent of Negros Navigation Corp., which owns logistics company 2GO Group, a disclosure to the Philippine Stock Exchange said Tuesday. In its disclosure, SM Investments Group said the rationale for the purchase of Negros
Stocks, peso gain
April 3, 2017
Stocks closed higher on Monday, the first trading day of April. The Philippine Stock Exchange index finished 29.23 points higher to end at 7, 341.65. At the broader market, there were 99 gainers and 81 decliners, with 49 issues remaining
Jollibee opening first story in Italy
April 3, 2017
Jollibee Foods Corp. said the company through its wholly-owned subsidiary Golden Plate Pte Ltd entered into a joint venture agreement with Blackbird Holdings Pte. Ltd to own and operate the first Jollibee story in Italy. In a disclosure to the
Cebu hosting 12th ASEAN Finance Ministers Investors Forum
April 3, 2017
The 12th ASEAN ( Association of Southeast Asian Nations) Finance Ministers Investors Seminar will be held in Lapu-Lapu City on April 6 with Finance Secretary Carlos Dominguez III of the Philippines, this year’s ASEAN host, and ASEAN Deputy Secretary General
Stocks lower despite Wilcon listing
March 31, 2017
Stocks closed lower on Friday, the last trading day of March, with the Philippine Stock Exchange index closing 20.87 points down to 7, 311.72 At the broader market, declines outnumbered gainers 102-86, with 42 shares steady. Volume reached 1.01 billion
ASEAN finance ministers, central bank governors to meet in Cebu next week
March 31, 2017
Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN) are meeting next week in Cebu to discuss ways of fleshing out ASEAN’s commitments to financial integration and cooperation, against the backdrop of a new wave of protectionism and other
Stocks relatively unchanged, peso slightly lower
March 30, 2017
Stocks closed relatively unchanged on Thursday as the Philippine Stock Exchange index finished 8.59 points higher to 7,332.59. At the broader market, there were 92 decliners against 91 advancers with 49 issues unchanged. Volume reached 864.73 million shares valued at
Philippines seeks Japanese support for 14 projects, including subway
March 30, 2017
The Philippines has lined up 14 “mega” infrastructure projects, including the $4.3 billion subway system, for Japanese funding, the government’s chief economist said on Thursday. Socioeconomic Planning Secretary Ernesto Pernia told reporters the projects were presented during the high-level mission
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