PLDT and Rocket Internet Partner to Create Philippines Internet Group

Manila—(PHStocks)—Philippine Long Distance Telephone Co. (PSE: TEL) and Rocket Internet AG (Rocket, ISIN DE000A12UKK6, RKET), have announced a new joint venture to further strengthen their existing partnership and to foster the development of internet based businesses in the Philippines. PLDT and the Asia Pacific Internet Group (APACIG) will become partners in the new Philippines Internet Group (PHIG), which […]
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CRISP Assigns ‘AAA’ on PLDT with Stable Outlook

Manila—(PHStocks)—The Credit Rating and Investors Services Philippines Inc. (CRISP) has assigned an ‘AAA’ issuer rating with a stable outlook on Philippine Long Distance Telephone Co. (PLDT, PSE: TEL), the country’s largest telecommunications operator. CRISP’s rating assignment is based on the following rating factors: Related Articles:PLDT Offers Debut SEC-Registered BondsPLDT Sells Stocks in Beacon Electric Asset to […]
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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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Downtrend Continues

Manila—(PHStocks)—Philippine stocks declined further in Friday, 17 May, amid continued profit taking. The mainboard Philippine Stock Exchange (PSE) index slid by 0.42% or -31.07 to 7,279.87 as investors continued to cash in on gains achieved over the previous rally. Despite the bloodshed, the Financials index managed to pull in a gain of 0.03%. The rest […]
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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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Profit Taking Halts PH Stocks Rally

Manila—(PHStocks)—Philippine stocks succumbed to profit taking as investors lock in their gains amid the recent bull run that was further lifted by Standard and Poor’s investment grade rating for the country. The mainboard Philippine Stock Exchange (PSE) index slid by 0.62% to 7,170.65 on Monday, May 6, but not before hitting a new record intraday […]
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