Peso at 11-year low as it closes at P50 against US dollar
February 17, 2017
The peso hit an 11-year low as it closed at P50 against the US dollar on Friday at the Philippine Dealing System. It last crossed this level in Nov. 15 2006 when it finished at P50.09 Volume rose to $346.50
Melco Crown revenue increased in the fourth quarter
February 17, 2017
Melco Crown (Philippines) Resorts Corp post $144.7 million net revenue for the fourth quarter up from $80.9 million during the same period in 2015, a disclosure to the Philippine Stock Exchange said Friday. Melco Crown operates City of Dreams Manila,
Philippine, Mexico to explore free trade, currency accords
February 17, 2017
Top officials of the Philippines and Mexico have agreed to explore free trade and currency agreements to strengthen bilateral ties and facilitate economic transactions between the two countries, a statement from the finance department said Friday. Finance Secretary Carlos Dominguez
Stocks surge, peso weakens
February 16, 2017
Stocks surged on Thursday after declining for two sessions as the main index finished 1.52 percent higher. The Philippine Stock Exchange index closed 108.95 points higher to 7,283.25 as financials, holding firms and services shares led the way. Advances led
Jollibee fourth quarter sales up 14.1 percent
February 16, 2017
Jollibee Foods Corp. said its fourth quarter system-wide sales grew 14.1 percent, the company said Thursday in a disclosure to the Philippine Stock Exchange. System-wide sales measures all sales to consumers from company-owned and franchised stores. This surpassed third quarter
URC, Vitasoy ink joint venture agreement
February 16, 2017
Universal Robina Corp (URC) and Hong Kong’s Vitasoy Group have established a joint venture to explore the potential of plant-based sustainable beverages in the Philippines, a disclosure by URC to the Philippine Stock Exchange said Thursday. “We see a perfect
BPI 2016 income up 20.9 percent
February 16, 2017
Bank of the Philippine Islands full-year net income for 2016 grew 20.9 percent as it reached P22.05 billion compared to P21.74 billion during the previous year. Comprehensive income was P21.74 billion, up 30.2 percent while total revenue grew 12.1 percent
Stocks end lower
February 15, 2017
Stocks closed lower on Wednesday with six of seven counters declining on lower volume. The Philippine Stock Exchange index closed at 7,174.30 points, down 32.54 points. Declines outnumbered advancers 108-87 with 47 shares unchanged. The mining sub-index, which together with
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