SMIC acquires 61.21 % of dormitory buildings operator
April 24, 2017
SM Investments Corp. said it has acquired 61.21 percent of Philippines Urban Living Solutions, which operates dormitory buildings under the My Town brand. In a disclosure to the Philippine Stock Exchange on Monday, SM Investments Corp.said the acquisition, done on
DOF execs attending World Bank spring meeting
April 23, 2017
Key officials of the Department of Finance (DOF) are attending the annual spring meetings of the World Bank this month in Washington DC to discuss with global investors, credit rating agencies and representatives of other countries bright economic prospects for
Stocks, peso gain
April 21, 2017
Stocks closed higher on Friday, as the Philippine Stock Exchange closed 14.71 points higher to 7,578.16 points. In the broader market, there were 107 gainers compared to 88 decliners with 44 issues unchanged. Japanese stock brokerage firm Daiwa bought a
Stocks higher, peso declines
April 20, 2017
Stocks closed higher on Thursday, as the Philippine Stock Exchange index finished 40.47 points up at 7,563.45. At the broader market, there were 96 decliners and 94 gainers, with 43 unchanged. Volume reached one billion shares valued at P5.94 billion.
Net outflows of foreign portfolio investments slightly higher in March
April 20, 2017
Foreign portfolio investments transactions for March 2017 resulted in overall net outflows of $460 million, slightly higher than the $409 million net outflows recorded in February 2017, a statement by the Bangko Sentral ng Pilipinas (BSP) said Thursday. Registered foreign
National government budget gap at P21.5b for January to February
April 20, 2017
The national government ran a P23.7 billion deficit for February 2017, a third lower than last year as revenue generation outpaced spending growth, the Bureau of Treasury said Thursday. The trend is reflected as well in the lower cumulative shortfall
Stocks, peso lower
April 19, 2017
Stocks ended lower on Wednesday with telco shares declining after the Philippine Competition Commission appealed to the Supreme Court to allow the former to review a big sale of telecom assets by San Miguel to Smart and Globe. The Philippine
LRMC signs P980m deal to restore LRT Line 1 structure
April 19, 2017
Light Rail Manila Corp., a consortium led by Ayala Corp. and Metro Pacific Investments Corp. said on Wednesday it signed a P980-million deal with First Balfour to restore the structure of Light Rail Transit (LRT) Line 1. The project includes
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