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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Property-related Businesses of SMIC to be Consolidated Under SM Prime

Pasay—(PHStocks)—The Boards of Directors of SM Investments Corporation (SMIC) and SM Prime Holdings, Inc. (SM Prime) approved today plans to consolidate the property-related businesses of SMIC, under SM Prime, the Philippines’ leading shopping mall owner and operator. The proposed consolidation involves a series of steps. The first step consists of exchange offers (the “Exchange Offers”) […]
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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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PHStocks Dividend Roundup: BLFI, CAL, SMPH, MBT, CPG, MWIDE, MWC, PSE

BDO Leasing & Finance Inc. (PSE: BLFI): The Board of Directors has approved the declaration of cash dividends of PhP0.15 per share, to be paid to all stockholders of record as of 17 May 2013, and payable on 13 June 2013. Calata Corporation (PSE: CAL): The Board of Directors has approved the cash dividend of […]
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Buying Frenzy Continues, but PH Stocks Retreat on Profit Taking

Manila—(PHStocks)—More investors entered the local market to take advantage of the country’s first-ever investment grade rating. This buying frenzy continued, driving the benchmark Philippine Stock Exchange (PSE) index to briefly touch 6,956.92 – a new record intraday high – before succumbing to profit taking on Monday, 1 April. PSEi ended the day at 6,839.59, 7.88 […]
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Growth Continues: PH Stocks Greet 2013 with New Record High

The averted “fiscal cliff” in the United States has further boosted the confidence in the Philippine stock market, with the mainboard Philippine Stock Exchange Index (PSEi) ending the first trading day of 2013 with a new record high of 5,860.99 points, up 0.83% from December 28. All counters were up, led by the Holding Firms […]
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SM Prime to Open SM Lanang Premier in Davao

Pasay—(PHStocks)—SM Prime Holdings Inc. (SM Prime, PSE: SMPH), the Philippines’ dominant mall developer and operator, is set to open its 46th shopping mall in the country, SM Lanang Premier, on Friday, 28 September 2012. The brand new mall, with a gross floor area (GFA) of 144,000 square meters (sqm), is located at J.P. Laurel Avenue, […]
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PHStocks Week in Review: PH Stocks Recover

Manila—(PHStocks)—Local shares recovered in the week of 18 June amid optimism from the results of Greece’s election. The bellwether Philippine Stock Exchange index (PSEi) gained 0.21 percent from Thursday to close at 5,120.07 points on Friday. The all-share index, however, lost 0.13%. On a weekly basis, the PSEi was up by 3.84%, while the all-share […]
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