Foreign portfolio investments result in net outflows in February: central bank
March 16, 2017
Foreign portfolio investments transactions for February resulted in overall net outflows of US$409 million, a reversal from the net inflows recorded last month ($301 million) and a year ago ($58 million), the central bank said Thursday. Registered foreign portfolio investments
SMC net income grew 80 percent to P52 billion in 2016
March 16, 2017
San Miguel Corp. on Thursday reported a P52 billion net income in 2016, an 80 percent increase over 2015, driven by higher revenues and better margins across its major businesses. Excluding foreign exchange losses of P8.9 billion, consolidated income reached
Slight gains for stocks, peso
March 15, 2017
Stocks ended with very slight gains Wednesday as the Philippine Stock Exchange index closed 7.96 points higher to finish at 7,253.79 points. But the broader market was negative as there were 133 decliners and 59 gainers while 52 were unchanged
Personal remittances reach $2.4 billion in January: central bank
March 15, 2017
Personal remittances from overseas Filipinos rose by 8.5 percent year-on-year in January to reach $2.4 billion, central bank governor Amando Tetangco, Jr. announced Wednesday. The continued increase in personal remittances was mainly driven by the 13.5 percent growth in transfers
JG, Filinvest to finish world-class Clark by 2020
March 15, 2017
The consortium of JG Summit and Filinvest can deliver a brand-new world-class Clark International Airport by 2020, the group said in a statement issued Wednesday. Filinvest disclosed they had first submitted their unsolicited proposal as early as July last year after
Stocks slightly higher despite decline in mining shares
March 14, 2017
Stocks closed slightly higher on Tuesday even as mining stocks went down following a statement of President Rodrigo Duterte that he is considering a total mining ban. The Philippine Stock Exchange index ended 28.66 points higher to 7,261.75. The mining
Petron posts P10.8 billion income for 2016 on record-high sales
March 14, 2017
The Philippines’ largest oil refining and marketing company Petron Corp. saw consolidated net income growing 73 percent to reach P10.8 billion in 2016. Petron’s robust performance was driven by record sales volumes, operational efficiency with increased crude run at higher
Stocks, peso finish higher
March 13, 2017
Stocks closed 1.21 percent Monday as some index heavyweight shares recovered from their decline, but the broad market was still mixed. The Philippine Stock Exchange index gained 86.82 points to 7,233.09. But the broader market saw advances and declines tied
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