DMCI Power Builds New Palawan Plant

Makati—(PHStocks)—Off-grid energy company DMCI Power Corp. (PSE: DMC)  is building a 2×4.95MW bunker-fired power plant in Aborlan, Palawan to stabilize electricity supply in the franchise area of Palawan Electric Cooperative, Inc. (PALECO). The plant is expected to commence operations by year-end. “We are investing approximately PhP600 million in Aborlan to address the continuing increase in electricity […]
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DMCI Power Deploys Two Satellite Plants to Masbate

Makati—(PHStocks)—Off-grid supplier DMCI Power Corp. (DPC), a subsidiary of DMCI Holdings Inc. (PSE: DMC),  recently deployed two satellite diesel power plants to the Province of Masbate. Located in the municipalities of Cawayan and Balud, the facilities have a combined capacity of 1.75MW. Prior to the installation of the two satellite plants, the areas were experiencing frequent […]
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Profit Taking Wipes Out Gains

Manila—(PHStocks)—Philippine stocks fell below the 6,800-level as investors lock in their profits after the rally over the past few days. The benchmark Philippine Stock Exchange index (PSEi) dropped by 1.75% or 120.35 points to 6,762.38 today, 21 May, falling below the 6,800 level after reaching the highest level yet this year. All counters were in the […]
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PH Stocks Retreat on Profit Taking

Manila—(PHStocks)—Philippine stocks ended the week on a weaker note Friday, 16 May, as investors lock in their gains after the rally early in the week. The mainboard Philippine Stock Exchange index (PSEi) shed 0.46% or 31.62 points to close the week at 6,817.71, keeping its foothold at the 6800 level. All counters were in the red, […]
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PH Stocks Extend Gains

Manila—(PHStocks)—Philippine stocks ended the week, and the first trading day of May, on a positive note. The Philippine Stock Exchange index (PSEi) further gained 0.52% or 35.06 points to close the session at 6,742.97. All counters end in the green, led by the Mining & Oil index, which jumped by 2.27%. The wider All Shares […]
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Rally Continues; PSEi Climbs Back to 6,700

Manila—(PHStocks)—Philippine stocks continued their rally Wednesday, 30 April, amid investor optimism on corporate earnings. The Philippine Stock Exchange index (PSEi) went up by 1.08% or 71.46 points to close the month’s trading at 6,707.91. All counters remain in the green, led again by the Property sector, which extended its gains by a further 1.67%. The […]
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PSEi Down Anew on Profit Taking

Manila—(PHStocks)—Philippine stocks were down anew on profit taking Tuesday, 25 March, after the market recovery on Monday (24 March). The mainboard Philippine Stock Exchange index (PSEi) fell below the 6400 level, ending at 6,336.34 – down by 1% or 64.33 points. All counters finished in the red, led by the Mining and Oil index, which […]
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