PH Stocks Back in the Red

Manila–(PHStocks)–The bellwether Philippine Stock Exchange index (PSEi) slightly wiped off some of the gains last Friday, ending the first market day of the week at 4,644.49 points, down 0.76%. All counters except the Services Index dropped at the close of the market, led by the Industrials segment’s 2.65% decline. The Services sector, on the other hand, […]
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FAS Establishes New Wire Harness Manufacturing Base in the Philippines

Batangas–(PHStocks)–Japan-based Furukawa Automotive Systems Inc. (FAS), a wholly owned subsidiary of Furukawa Electric Co. Ltd, has established Furukawa Automotive Systems Lima Philippines Inc. (FALP), a company that manufactures wire harnesses for automobiles, to be located at the Lima Technology Center in Lipa City, Batangas Province, Philippines, as its wholly owned subsidiary. The new company, with a […]
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BDO Board Approves Dividends for Preferred Shares Series “A”

Makati–(PHStocks)–The Board of Directors of BDO Unibank Inc. (PSE: BDO), at its regular board meeting held Saturday, 28 January 2012, approved the following: 1. Declaration of dividends on Preferred Shares Series “A” at the rate of 6.5% per annum for a total dividend amount of PhP329,513,888.89, subject to prior approval of the Bangko Sentral ng […]
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Globe Signs $90M Term Loan with China Bank

Mandaluyong–(PHStocks)–Globe Telecom Inc. (PSE: GLO) signed a 10-year, $90 million floating rate term loan facility with China Banking Corporation as lender. This is the first loan facility to be availed by Globe this year. The loan proceeds will be used to finance capital expenditures for 2012, which includes the company’s $790 million investment for its […]
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Vista Land to Launch P32-B Worth of Horizontal Projects in 2012

Las Pinas–(PHStocks)–Vista Land & Lifescapes Inc. (PSE: VLL) is launching 32 residential subdivision projects nationwide in 2012 with a total project value of P32 billion to further solidify its record as the country’s runaway leader as house and lot developer. “Demand for our house and lot packages is very strong since studies have shown the […]
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