Stocks up, peso weakens
March 21, 2017
Stocks closed slightly higher on Tuesday, with the broader market mostly flat. The Philippine Stock Exchange index closed 6.74 points higher to 7,323.31 points but the broader market showed advances and declines tied at 98. Forty-six shares were unchanged. Volume
Yellow Cab Pizza opening branches in Brunei, East Malaysia
March 21, 2017
Yellow Cab Pizza will be opening branches in Brunei and East Malaysia. Max’s Group, Inc. recently signed a development agreement with YTT Sdn Bhd to establish at least 10 Yellow Cab Pizza stores in Brunei and East Malaysia within five years, a
Stocks lower, peso up nine centavos
March 20, 2017
Stocks closed lower on Monday, with decliners led by the property sector. The Philippine Stock Exchange closed 28.45 points lower to 7,316.57. The broader market saw 111 declines, 64 gainers while 59 issues were unchanged. Bucking the downtrend was Easy
Stocks, peso end week higher
March 17, 2017
Stocks closed nearly one percent higher Friday, with the Philippine Stock Exchange gaining 66.42 points to 7, 345.02. The mining sub-index ended the week with slight gains after several days of declines due to the confirmation hearings of Gina Lopez
Aboitiz Equity Ventures hikes capex to P77 billion in 2017
March 17, 2017
Aboitiz Equity Ventures (AEV), along with its business units is increasing investments by 83 percent this year as it targets to spend P76.7 billion in capital expenditures (capex) versus P42 billion spent last year. “We support government’s efforts to implement
2016 balance of payments deficit at $420m, reversing $2.6b surplus in 2015: central bank
March 17, 2017
The central bank said Friday balance of payments position registered a deficit of $2.1 billion in the fourth quarter, reversing a surplus of $804 million during the same period last year. A current account deficit of $1 billion, or equivalent
DMCI Holdings 2016 core profit flat at P12.1 billion
March 17, 2017
Diversified engineering conglomerate DMCI Holdings, Inc. recorded flat core net income growth in 2016 at P12.1 billion from P12.3 billion the previous year due to lower contributions from its real estate, nickel mining and water businesses. “The double digit growth
Stocks, peso gain from US Fed stance
March 16, 2017
Stocks finished higher in line with the Southeast Asian region on Thursday as the US Federal Reserve said it will keep its accommodative policy “for some time”. The Philippine Stock Exchange closed 24.81 points higher to 7,278.60 despite a decline
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