The Daily Manila Shimbun

 

PLDT sells remaining stake in Meralco to MPIC

June 14, 2017

PLDT Inc. has sold its remaining stake in Manila Electric Co. (Meralco) to Metro Pacific Investments Corp. for P21.8 billion. PLDT told the stock exchange that PLDT Communications and Energy Ventures, Inc. entered into a share purchase agreement covering a

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Maynilad signs P10.8 billion loan  with JICA, three Japanese banks

June 13, 2017

Maynilad Water Services, Inc. (Maynilad) recently signed a P10.8-billion loan agreement with Japan International Cooperation Agency (JICA) and three of Japan’s largest private commercial banks—namely, The Bank of Tokyo-Mitsubishi UFJ (BTMU), Mizuho Bank Ltd. (Mizuho), and Sumitomo Mitsui Banking Corporation

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Stocks down despite foreign buying

June 13, 2017

Stocks fell on Tuesday after a trading holiday on Monday due to Independence Day but foreigners were still buying shares. The Philippine Stock Exchange index declined 72.35 points to end at 7,917.89. In the broader market, there were 132 decliners,

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San Miguel entering stock brokerage business

June 13, 2017

San Miguel Corp. will enter the stock brokerage business as its stock transfer unit will establish a 100 percent owned subsidiary, the firm said in a disclosure to the Philippine Stock Exchange on Tuesday. The stock transfer firm is called

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Foreign direct investments Increase by 30.6% in March: central bank

June 13, 2017

Foreign direct investments (FDI) registered $509 million net inflows in March 2017, higher by 30.6 percent than the $390 million recorded in the comparable period in 2016, the central bank said in a statement Tuesday. On a cumulative basis, FDI

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Infra buildup crucial to economic inclusion – DOF

June 11, 2017

The Duterte administration’s “Golden Age of Infrastructure” will not only sustain the Philippines’ growth momentum, but would also create more jobs and thereby lead to economic inclusion for all Filipinos, according to Department of Finance (DOF) Secretary Carlos Dominguez III. “One of our

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Stock index tops 8,000 points, but closes lower

June 9, 2017

Stocks briefly hit new highs on Friday but the Philippine Stock Exchange index settled below 8,000 points. The index finished at 7,990.24 points, up 31.61. It was at 8,001.70 points after it gained 43.07 points an hour and a half

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Consumer confidence at all-time high for second quarter: central bank

June 9, 2017

Consumers’ optimism improved for the second quarter as the central bank said Friday overall confidence index climbed to a double-digit record high of 13.1 percent. This is the fourth consecutive quarter that consumer confidence a positive reading, the central bank

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