The Daily Manila Shimbun

 

Stocks slightly higher despite decline in mining shares

March 14, 2017

Stocks closed slightly higher on Tuesday even as mining stocks went down following a statement of President Rodrigo Duterte that he is considering a total mining ban. The Philippine Stock Exchange index ended 28.66 points higher to 7,261.75. The mining

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Petron posts P10.8 billion income for 2016 on record-high sales

March 14, 2017

The Philippines’ largest oil refining and marketing company Petron Corp. saw  consolidated net income growing 73 percent to reach P10.8 billion in 2016. Petron’s robust performance was driven by record sales volumes, operational efficiency with increased crude run at higher

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Stocks, peso finish higher 

March 13, 2017

Stocks closed 1.21 percent Monday as some index heavyweight shares recovered from their decline, but the broad market was still mixed. The Philippine Stock Exchange index gained 86.82 points to 7,233.09. But the broader market saw advances and declines tied

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Ayala’s net income climbed 17 percent to P26 billion in 2016

March 13, 2017

Ayala Corp. reported a net income of P26 billion in 2016, 17 percent higher than the previous year, on the back of double-digit growth contributions from its real estate and banking units, boosted by its emerging businesses in power and industrial

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Century Pacific debuts on FTSE Index

March 13, 2017

Century Pacific Food Inc., the Philippines’ largest canned food company, is set to make its debut on the highly-tracked FTSE   (Financial Times Stock Exchange) Index Series for Asia Pacific ex-Japan. Century Pacific will be added to FTSE Index’s Small

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Stock index finishes  2.05 percent lower

March 10, 2017

Stocks closed lower on Friday, largely pulled down by heavy trading in SM Investments whose price fell by 9.24 percent. The Philippine Stock Exchange index ended 149.18 points lower to settle at 7,146.27 At the broad market, there were 102

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Manufacturing slows down in January

March 10, 2017

The Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries (MISSI) reported Friday Volume of Production Index (VoPI) for manufacturing grew by 9.3 percent in January 2017, slower than the 35.8 percent growth recorded in the same month last year.

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Double-digit export growth spurs rise in Philippine February trade

March 10, 2017

MANILA – Total Philippine trade grew by 14.2 percent in January 2017 backed by the surge in export receipts from most of the country’s traditional markets, according to the National Economic and Development Authority (NEDA) on Friday.   Based on

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