SM 2011 Net Income Expands 15% to PhP21.2B

Pasay–(PHStocks)–Philippine conglomerate SM Investments Corp. (PSE: SM) reported a 15% growth in net income for 2011 of PhP21.2 billion from PhP18.4 billion last year. Consolidated revenues increased by 13% to PhP200.7 billion, compared with PhP177.2 billion in 2010. SM’s healthy revenue and profit growth during the year was a result of the strong performance by its core […]
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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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SEC Approves Merger of BDO Subsidiaries

(PHStocks) – The Securities and Exchange Commission (SEC) approved the merger of the following wholly-owned subsidiaries of BDO Unibank Inc. (PSE: BDO): BDO Strategic Holdings Inc. (BDOSHI), Equitable Card Network Inc., EBC Strategic Holdings Corp., BDO Technology Center Inc., and Strategic Property Holdings Inc., with BDOSHI as the surviving corporation. Equitable Card Network, Inc., EBC […]
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BDO Announces Additional Listing

Banco de Oro Unibank Inc. (PSE: BDO) has announced an additional listing of 267,669,397 common shares, with a par value of PhP10.00 per share, to cover the following private placement transactions at an issue price of PhP41.50 per share, and a total value of PhP11,108,279,975.50: a) 107,320,482 common shares issued to Multi-Realty Development Corporation amounting […]
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BDO Unloads PELAC Stake to Philamlife

Banco De Oro Unibank Inc. (PSE: BDO) has sold its 5% stake in Philam Equitable Life Assurance Company, Inc. (PELAC) to The Philippine American Life and General Insurance Co. (Philamlife). PELAC is the joint venture company through which the former Equitable PCI Bank (EPCIB) and Philamlife engaged in the bancassurance business. BDO acquired its 5% […]
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BDO on Track to Meet PhP8.1B Net Income Goal for 2010

Banco De Oro Unibank Inc.‘s (PSE: BDO) consolidated resources has breached the PhP1-trillion mark at the end of 2010, a 16% increase from the previous year’s level of PhP862 billion. The growth was driven by the steady performance of BDO’s various businesses. As such, BDO is also on track to attain its net income goal […]
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IP Converge Granted PhP105M Loan to Set Up Fort Bonifacio Data Center

IP Converge Data Center Inc. (PSE: CLOUD), the information technology and telecommunications arm of IPVG Corp. (PSE: IP), has signed a PhP105 million loan agreement with Banco de Oro Unibank Inc. (PSE: BDO) to finance the construction of a new Internet data center facility in Bonifacio Global City, Taguig.  IP-Converge’s main Internet Data Center located […]
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