Stocks, peso down slightly
February 1, 2017
Stocks ended lower on Wednesday in thin trading. The Philippine Stock Exchange closed at 7, 227.45 points, down 2.21 from Tuesday. Volume fetched 1.1 billion shares worth P5.11 billion from the previous sessions’ 1.56 billion valued at P5.28 billion. Foreign
Metro Pacific Hospital Holdings acquires majority control of Delgado Clinic
February 1, 2017
Metro Pacific Hospital Holdings, Inc., the healthcare investments holding subsidiary of listed firm Metro Pacific Investments Corporation, completed Wednesday its agreement to infuse approximately P133.5 million of cash into Delgado Clinic Inc. , owner and operator of the Dr. Jesus
Megaworld rental income to reach P 20 billion in 2020
February 1, 2017
Real estate giant Megaworld’s rental income is expected to reach P20-billion by 2020, more than doubling its P9-billion recorded rental income in 2015, according to a disclosure to the Philippine Stock Exchange on Wednesday In the next three years, Megaworld
Stocks lower, peso gains
January 31, 2017
Stocks ended lower on Tuesday as the Philippine Stock Exchange index lost 107.02 points after a lackluster start to the Chinese New Year the previous day. The index closed at 7,229.66, down by 1.46 percent. Volume reached 1.56 billion shares
Aboitiz Power leaves Indonesia energy project
January 31, 2017
Aboitiz Power Corp. has decided to exit from the greenfield geothermal exploration and development project of its wholly owned Singapore-based subsidiary, Aboitiz Power International Pte. Ltd. (AP Intl) in Ijen, East Java Province, Indonesia, a disclosure to the Philippine Stock
Banco de Oro raises P60 billion from stock rights offering
January 31, 2017
Banco de Oro Unibank Inc ended its stock rights offering on Tuesday with a bell-ringing ceremony at the Philippine Stock Exchange (PSE). In a disclosure to the PSE, Banco de Oro raised P60 billion which the bank said it “will
Executive director of Anti-Money Laundering Council resigns
January 30, 2017
Julia Bacay-Abad has resigned as executive director of the Anti-Money Laundering Council effective on Tuesday, a statement said Monday. “This is not a decision to be taken lightly but I believe this is the right time for me voluntarily relinquish
Dominguez sees 2017 GDP growth of 6.5-7%
January 30, 2017
A robust domestic economy with a healthy foreign exchange buffer, a strong banking system and a young, educated work force are among the key factors sustaining the Philippines’ GDP growth of 6.5 to 7 percent in 2017, according to Finance
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