Bacolod Court Denies SM Plea

The Bacolod Regional Trial Court has denied the petition of SM Prime Holdings Inc. (PSE: SMPH) to declare it the winning bidder of the 7.7-hectare prime property of the Negros Occidental provincial government in Bacolod City, Gov. Alfredo Marañon Jr., said Monday. The decision paves the way for Ayala Land Inc. (PSE: ALI), which was awarded the […]
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Ayala, Aboitize to Start 15-ha City Center in Cebu

The Ayala and Aboitiz groups have signed a deal to develop a 15-hectare city center in Subangdaku, Mandaue City in Metropolitan Cebu, solidifying their partnership in the property business. Targeted for launching by 2015, the new city center, which is within the vicinity of Cebu’s main business district, will feature innovative residential developments and commercial […]
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PH Stocks Near Record High

Manila—(PHStocks)—Philippine stocks continued their climb Wednesday, 22 May, as investors continue to remain bullish in the country’s economic outlook. The benchmark Philippine Stock Exchange (PSE) index went up by 0.78% or 57.49 points to close today’s trading at 7,385.07 – less than 10 points away from its record high 7,392.2. All counters are back in […]
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PH Stocks Up Anew, Back in 7300 Territory

Manila—(PHStocks)—Philippine stocks extended their gains Tuesday, 21 May, on strong investor confidence amid continuing bullish outlook for the country. The benchmark Philippine Stock Exchange (PSE) index increased by 0.72% or 52.2 points to 7,327.58, retaking its foothold in the 7300 territory after a series of profit taking during the last three trading days. Most sectors […]
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PH Stocks Post Growth on Continued Market Optimism

Manila—(PHStocks)—Philippine stocks extended their gains Thursday, 9 May, on sustained optimism in the US market and strong 1Q performance of local firms. The benchmark Philippine Stock Exchange (PSE) index grew by 0.18% or 13.13 points to close the trading day at 7,194.43. Most sectors posted gains, led by the Holding Firms index, which gained 0.38%%. […]
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PH Stocks Up on Positive Global Market Sentiment

Manila—(PHStocks)—Philippine stocks recovered Wednesday, May 8, as investors hunted for bargains after two sessions of profit taking. Better than expected regional and global economic data, and strong quarter performance from most local companies have further lifted market sentiment, as the benchmark PSE index gain 0.49% or 35.18 points to close today’s trading at 7,181.3. On […]
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Investment Ratings Upgrade Boosts PH Stocks to New Record High

Manila—(PHStocks)—The Philippines’ second investment grade rating, given by credit ratings firm Standard and Poor’s, has boosted the local stock market to a new high – the 28th so far recorded this year. The benchmark Philippine Stock Exchange (PSE) index surged by 1.72% or 121.93 points to close at 7,215.35 – a new record high for […]
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PH Stocks Extend Rally

Manila—(PHStocks)—Philippine stocks extended their growth for the fifth straight session as investors anticipate another investment grading for the country’s sovereign ratings. The mainboard Philippine Stock Exchange (PSE) index gained 0.32% or 22.43 points to close at 7,093.42 today, 2 May – reversing an early morning slide wherein investors cashed in on their gains over the […]
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