The Daily Manila Shimbun

 

Stocks almost unchanged

April 18, 2017

Stocks closed almost unchanged on Tuesday as the Philippine Stock Exchange index finished at 7,588.98, up 0.45 points. In the broader market, there were 104 decliners while gainers were 87. Forty eight issues remained unchanged. Volume was 1.25 billion shares

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GT Capital to increase stake in Metrobank to 36 percent

April 18, 2017

GT Capital Holdings, Inc. disclosed that it signed Tuesday a memorandum of agreement to acquire, subject to regulatory approvals, 306,000,000 secondary shares of Metropolitan Bank & Trust Company (Metrobank) held by various Ty family-owned companies for approximately P24.72 billion. The

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Stocks settle lower

April 17, 2017

Stocks ended lower on Monday following the Holy Week break. The Philippine Stock Exchange index closed 41.11 points lower to 7,588.83  In the broader market, there were 106 decliners, 74 advancers and 50 issues unchanged. Decliners were led by Megaworld

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Yuchengco, RCBC chairman emeritus dies

April 17, 2017

Alfonso Yuchengco, chairman emeritus of Rizal Commercial Banking Corp., (RCBC) passed away last Saturday, the bank said in a disclosure to the Philippine Stock Exchange on Monday. “Our bank is mourning the untimely demise of our chairman emeritus, Ambassador Alfonso

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Alibaba takes down ad listings on sale of fake cigarette stamps

April 16, 2017

Global e-commerce  firm Alibaba has taken down its online listings that advertise the sale of fake cigarette stamps, in response to last month’s request by Finance Secretary Carlos Dominguez III, and assured the Philippine government that it will continue to

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Philippines to grow 6.9 percent in 2017, 2018: World Bank

April 11, 2017

The Philippine economy may expand at 6.9 percent this year and in 2018 due to government’s commitment to further increase public infrastructure investment, the World Bank said on Tuesday. The new projection was slightly lower than the 7.0 percent estimate

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Strong exports, imports drive trade growth in February: NEDA

April 11, 2017

Double-digit growth in exports and imports pushed up total merchandise trade of the Philippines by 16.1 percent, the National Economic and Development Authority (NEDA) said Tuesday. Based on the Philippines Statistics Authority’s report, total trade grew to $11.3 billion backed

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Stock index at six-month high, peso closes at P49.705

April 10, 2017

The Philippine Stock Exchange index finished at a six-month high while the peso strengthened on Monday. The index gained 34.16 points to finish at P7,617.91. The broader market saw 101 gainers, 88 decliners and 50 unchanged. Volume reached 1.48 billion

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